Global X Management Co LLC trimmed its position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 21.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 285,890 shares of the bank’s stock after selling 75,850 shares during the period. Global X Management Co LLC owned about 0.20% of Grupo Financiero Galicia worth $9,429,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also bought and sold shares of the business. Wells Fargo & Company MN grew its position in shares of Grupo Financiero Galicia by 53.4% in the first quarter. Wells Fargo & Company MN now owns 373,104 shares of the bank’s stock valued at $24,535,000 after purchasing an additional 129,937 shares during the last quarter. Artisan Partners Limited Partnership acquired a new stake in shares of Grupo Financiero Galicia in the first quarter valued at about $36,396,000. JPMorgan Chase & Co. grew its position in shares of Grupo Financiero Galicia by 137.9% in the first quarter. JPMorgan Chase & Co. now owns 120,837 shares of the bank’s stock valued at $7,946,000 after purchasing an additional 70,047 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Grupo Financiero Galicia by 3.6% in the first quarter. Russell Investments Group Ltd. now owns 93,089 shares of the bank’s stock valued at $6,122,000 after purchasing an additional 3,260 shares during the last quarter. Finally, Sei Investments Co. acquired a new stake in shares of Grupo Financiero Galicia in the first quarter valued at about $1,593,000. 28.53% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:GGAL traded up $2.97 during trading on Friday, reaching $24.61. The stock had a trading volume of 1,952,740 shares, compared to its average volume of 904,419. Grupo Financiero Galicia S.A. has a 52 week low of $18.30 and a 52 week high of $73.45. The company has a current ratio of 1.17, a quick ratio of 1.19 and a debt-to-equity ratio of 0.24.

Grupo Financiero Galicia (NASDAQ:GGAL) last posted its quarterly earnings data on Friday, August 17th. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.01. The company had revenue of $483.52 million during the quarter, compared to the consensus estimate of $392.51 million. On average, equities research analysts predict that Grupo Financiero Galicia S.A. will post 3.16 earnings per share for the current year.

A number of equities research analysts recently weighed in on GGAL shares. BidaskClub raised Grupo Financiero Galicia from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 10th. ValuEngine raised Grupo Financiero Galicia from a “strong sell” rating to a “sell” rating in a research report on Friday, July 6th. Finally, Zacks Investment Research downgraded Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research report on Monday, June 18th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Grupo Financiero Galicia has an average rating of “Hold” and a consensus target price of $87.00.

About Grupo Financiero Galicia

Grupo Financiero Galicia SA, a financial services holding company, provides various financial products and services in Argentina. The company operates through Banking, Regional Credit Cards, Insurance, and Other Grupo Galicia Businesses segments. It offers corporate banking services to companies; credit and debit cards, loans, and financing advice to various agricultural-sector clients; foreign trade transaction services; and e-banking services.

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

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