Caxton Associates LP Sells 42,480 Shares of Grupo Financiero Galicia S.A. (GGAL)

Caxton Associates LP cut its holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 52.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,430 shares of the bank’s stock after selling 42,480 shares during the period. Caxton Associates LP’s holdings in Grupo Financiero Galicia were worth $1,639,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Gilder Gagnon Howe & Co. LLC raised its position in Grupo Financiero Galicia by 0.6% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 2,836 shares of the bank’s stock worth $121,000 after acquiring an additional 17 shares during the period. Bank of America Corp DE raised its position in shares of Grupo Financiero Galicia by 39.5% during the 1st quarter. Bank of America Corp DE now owns 3,132 shares of the bank’s stock valued at $120,000 after purchasing an additional 887 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Grupo Financiero Galicia by 16.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,500 shares of the bank’s stock valued at $362,000 after purchasing an additional 1,200 shares during the period. Advisor Group Inc. raised its position in shares of Grupo Financiero Galicia by 126.5% during the 2nd quarter. Advisor Group Inc. now owns 2,997 shares of the bank’s stock valued at $128,000 after purchasing an additional 1,674 shares during the period. Finally, LSV Asset Management raised its position in shares of Grupo Financiero Galicia by 59.1% during the 2nd quarter. LSV Asset Management now owns 7,000 shares of the bank’s stock valued at $298,000 after purchasing an additional 2,600 shares during the period. Institutional investors and hedge funds own 25.78% of the company’s stock.

Shares of Grupo Financiero Galicia S.A. (GGAL) traded down 1.51% during mid-day trading on Monday, hitting $52.66. 67,948 shares of the stock traded hands. The stock has a market cap of $6.85 billion, a price-to-earnings ratio of 17.57 and a beta of 1.24. Grupo Financiero Galicia S.A. has a 12 month low of $23.23 and a 12 month high of $54.10. The firm has a 50 day moving average of $47.37 and a 200 day moving average of $42.34.

The company also recently announced an annual dividend, which was paid on Friday, October 6th. Investors of record on Wednesday, September 27th were paid a $0.0005 dividend. The ex-dividend date was Tuesday, September 26th.

Several analysts have recently commented on the stock. BidaskClub upgraded shares of Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Santander downgraded shares of Grupo Financiero Galicia from a “hold” rating to an “underperform” rating in a research report on Friday, September 8th. UBS AG upgraded shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 4th. Zacks Investment Research downgraded shares of Grupo Financiero Galicia from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Citigroup Inc. upgraded shares of Grupo Financiero Galicia from a “sell” rating to a “neutral” rating in a research report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a c

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Gilder Gagnon Howe & Co. LLC raised its position in Grupo Financiero Galicia by 0.6% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 2,836 shares of the bank’s stock worth $121,000 after acquiring an additional 17 shares during the period. Bank of America Corp DE raised its position in shares of Grupo Financiero Galicia by 39.5% during the 1st quarter. Bank of America Corp DE now owns 3,132 shares of the bank’s stock valued at $120,000 after purchasing an additional 887 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Grupo Financiero Galicia by 16.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,500 shares of the bank’s stock valued at $362,000 after purchasing an additional 1,200 shares during the period. Advisor Group Inc. raised its position in shares of Grupo Financiero Galicia by 126.5% during the 2nd quarter. Advisor Group Inc. now owns 2,997 shares of the bank’s stock valued at $128,000 after purchasing an additional 1,674 shares during the period. Finally, LSV Asset Management raised its position in shares of Grupo Financiero Galicia by 59.1% during the 2nd quarter. LSV Asset Management now owns 7,000 shares of the bank’s stock valued at $298,000 after purchasing an additional 2,600 shares during the period. Institutional investors and hedge funds own 25.78% of the company’s stock.

Shares of Grupo Financiero Galicia S.A. (GGAL) traded down 1.51% during mid-day trading on Monday, hitting $52.66. 67,948 shares of the stock traded hands. The stock has a market cap of $6.85 billion, a price-to-earnings ratio of 17.57 and a beta of 1.24. Grupo Financiero Galicia S.A. has a 12 month low of $23.23 and a 12 month high of $54.10. The firm has a 50 day moving average of $47.37 and a 200 day moving average of $42.34.

The company also recently announced an annual dividend, which was paid on Friday, October 6th. Investors of record on Wednesday, September 27th were paid a $0.0005 dividend. The ex-dividend date was Tuesday, September 26th.

Several analysts have recently commented on the stock. BidaskClub upgraded shares of Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Santander downgraded shares of Grupo Financiero Galicia from a “hold” rating to an “underperform” rating in a research report on Friday, September 8th. UBS AG upgraded shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 4th. Zacks Investment Research downgraded shares of Grupo Financiero Galicia from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Citigroup Inc. upgraded shares of Grupo Financiero Galicia from a “sell” rating to a “neutral” rating in a research report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $35.00.

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About Grupo Financiero Galicia

Grupo Financiero Galicia SA (Grupo Financiero Galicia) is a financial services holding company. The Company’s segments include Banking, Regional Credit Cards, CFA, Insurance and Other Grupo Galicia Businesses. Banco de Galicia y Buenos Aires SA (Banco Galicia) is a subsidiary of the Company. Its banking business segment represents Banco Galicia consolidated line by line with Banco Galicia Uruguay SA (Galicia Uruguay).

Institutional Ownership by Quarter for Grupo Financiero Galicia (NASDAQ:GGAL)

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