Grupo Financiero Galicia S.A. (GGAL) Shares Sold by Opera Trading Capital

Opera Trading Capital trimmed its position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 26.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,622 shares of the bank’s stock after selling 18,941 shares during the quarter. Opera Trading Capital’s holdings in Grupo Financiero Galicia were worth $2,764,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. acquired a new stake in shares of Grupo Financiero Galicia during the third quarter valued at about $107,000. Gilder Gagnon Howe & Co. LLC boosted its stake in shares of Grupo Financiero Galicia by 0.6% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 2,836 shares of the bank’s stock valued at $121,000 after purchasing an additional 17 shares in the last quarter. Advisor Group Inc. boosted its stake in shares of Grupo Financiero Galicia by 126.5% during the second 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 in the last quarter. Bank of America Corp DE boosted its stake in shares of Grupo Financiero Galicia by 39.5% during the first 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 in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Grupo Financiero Galicia during the second quarter valued at about $212,000. 26.55% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Financiero Galicia S.A. (NASDAQ GGAL) traded down $1.84 during trading on Monday, hitting $52.48. The company had a trading volume of 223,900 shares, compared to its average volume of 446,631. Grupo Financiero Galicia S.A. has a one year low of $23.23 and a one year high of $58.61.

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GGAL has been the topic of a number of recent research reports. BidaskClub lowered Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research lowered Grupo Financiero Galicia from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Santander lowered Grupo Financiero Galicia from a “hold” rating to an “underperform” rating in a research note on Friday, September 8th. Citigroup Inc. raised Grupo Financiero Galicia from a “sell” rating to a “neutral” rating in a research note on Friday, September 8th. Finally, UBS AG raised Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold”.

Grupo Financiero Galicia Company Profile

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).

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

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