RWC Asset Management LLP Sells 32,713 Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

RWC Asset Management LLP cut its holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 23.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 105,733 shares of the bank’s stock after selling 32,713 shares during the period. RWC Asset Management LLP’s holdings in Grupo Financiero Galicia were worth $6,589,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of GGAL. Y Intercept Hong Kong Ltd purchased a new stake in shares of Grupo Financiero Galicia during the fourth quarter worth $604,000. Handelsbanken Fonder AB lifted its holdings in Grupo Financiero Galicia by 35.3% during the 4th quarter. Handelsbanken Fonder AB now owns 19,165 shares of the bank’s stock worth $1,194,000 after purchasing an additional 5,000 shares in the last quarter. Nkcfo LLC bought a new position in Grupo Financiero Galicia in the 4th quarter worth about $312,000. Burns Matteson Capital Management LLC bought a new stake in shares of Grupo Financiero Galicia during the fourth quarter valued at about $216,000. Finally, Activest Wealth Management lifted its holdings in shares of Grupo Financiero Galicia by 278.4% in the fourth quarter. Activest Wealth Management now owns 36,345 shares of the bank’s stock worth $2,265,000 after buying an additional 26,741 shares in the last quarter.

Wall Street Analyst Weigh In

GGAL has been the subject of several recent analyst reports. Morgan Stanley raised shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 price objective for the company in a research note on Monday, December 16th. StockNews.com cut shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $59.00.

Grupo Financiero Galicia Stock Performance

Shares of NASDAQ GGAL opened at $58.92 on Monday. The company’s 50-day moving average is $65.56 and its 200 day moving average is $53.91. Grupo Financiero Galicia S.A. has a 1 year low of $20.86 and a 1 year high of $74.00. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10.

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.