Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Shares Sold by RWC Asset Management LLP

RWC Asset Management LLP cut its stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 86.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 107,412 shares of the bank’s stock after selling 676,750 shares during the quarter. RWC Asset Management LLP’s holdings in Grupo Financiero Galicia were worth $3,283,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in GGAL. Jump Financial LLC lifted its holdings in Grupo Financiero Galicia by 8.0% in the 4th quarter. Jump Financial LLC now owns 124,008 shares of the bank’s stock valued at $2,141,000 after purchasing an additional 9,155 shares in the last quarter. AdvisorShares Investments LLC acquired a new stake in Grupo Financiero Galicia in the 4th quarter worth about $516,000. Virtu Financial LLC grew its holdings in Grupo Financiero Galicia by 78.5% in the 4th quarter. Virtu Financial LLC now owns 37,821 shares of the bank’s stock valued at $653,000 after buying an additional 16,628 shares during the period. Shilanski & Associates Inc. acquired a new position in shares of Grupo Financiero Galicia during the 1st quarter valued at about $242,000. Finally, Claro Advisors LLC acquired a new position in shares of Grupo Financiero Galicia during the 1st quarter valued at about $235,000.

Analysts Set New Price Targets

GGAL has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $54.00 target price on the stock in a report on Friday. StockNews.com raised shares of Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a report on Thursday, August 29th. Finally, Bank of America raised shares of Grupo Financiero Galicia from an “underperform” rating to a “buy” rating and lifted their price target for the company from $28.00 to $36.00 in a report on Thursday, August 8th.

Grupo Financiero Galicia Stock Performance

Shares of NASDAQ:GGAL opened at $39.17 on Tuesday. The company has a market cap of $5.78 billion, a PE ratio of 6.29 and a beta of 2.03. Grupo Financiero Galicia S.A. has a 52 week low of $10.57 and a 52 week high of $41.33. The firm has a 50 day simple moving average of $30.97 and a 200 day simple moving average of $29.81.

Grupo Financiero Galicia Increases Dividend

The company also recently declared a — dividend, which was paid on Monday, August 26th. Investors of record on Monday, August 19th were paid a $0.7248 dividend. This is a boost from Grupo Financiero Galicia’s previous — dividend of $0.14. The ex-dividend date of this dividend was Monday, August 19th. Grupo Financiero Galicia’s payout ratio is presently 39.81%.

About Grupo Financiero Galicia

Grupo Financiero Galicia SA, a financial service holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Banks, NaranjaX, Insurance, and Other Businesses segments. It also offers personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking services, as well as savings, deposits, and checking accounts related services.