Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Shares Sold by Dorsey Wright & Associates

Dorsey Wright & Associates decreased its stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 22.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 98,587 shares of the bank’s stock after selling 28,592 shares during the quarter. Grupo Financiero Galicia comprises approximately 1.5% of Dorsey Wright & Associates’ portfolio, making the stock its 15th largest position. Dorsey Wright & Associates’ holdings in Grupo Financiero Galicia were worth $6,144,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. William Blair Investment Management LLC boosted its position in Grupo Financiero Galicia by 778.9% in the 4th quarter. William Blair Investment Management LLC now owns 901,065 shares of the bank’s stock valued at $56,152,000 after buying an additional 798,542 shares during the last quarter. Fourth Sail Capital LP purchased a new position in Grupo Financiero Galicia in the fourth quarter valued at about $27,369,000. BNP Paribas Financial Markets grew its stake in Grupo Financiero Galicia by 103.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 625,003 shares of the bank’s stock valued at $26,306,000 after purchasing an additional 318,326 shares in the last quarter. Sei Investments Co. purchased a new stake in Grupo Financiero Galicia during the 4th quarter worth approximately $15,446,000. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Grupo Financiero Galicia by 436.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 191,671 shares of the bank’s stock valued at $11,945,000 after buying an additional 155,969 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley upgraded shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 price target for the company in a research note on Monday, December 16th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $59.00.

Grupo Financiero Galicia Stock Down 1.1 %

Shares of NASDAQ:GGAL opened at $55.78 on Friday. The company’s fifty day moving average is $60.58 and its two-hundred day moving average is $57.35. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 1.11. Grupo Financiero Galicia S.A. has a 1-year low of $23.53 and a 1-year high of $74.00. The stock has a market capitalization of $8.23 billion, a price-to-earnings ratio of 8.22 and a beta of 1.85.

Grupo Financiero Galicia Profile

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.