PointState Capital LP Has $21.22 Million Stock Holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

PointState Capital LP raised its position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 15.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 504,169 shares of the bank’s stock after buying an additional 68,658 shares during the quarter. PointState Capital LP’s holdings in Grupo Financiero Galicia were worth $21,220,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. INCA Investments LLC grew its holdings in shares of Grupo Financiero Galicia by 1.8% during the 3rd quarter. INCA Investments LLC now owns 1,373,576 shares of the bank’s stock worth $57,814,000 after purchasing an additional 24,354 shares in the last quarter. Jennison Associates LLC bought a new position in Grupo Financiero Galicia in the third quarter valued at about $51,416,000. Ping Capital Management Inc. bought a new position in Grupo Financiero Galicia in the second quarter valued at about $23,611,000. BNP Paribas Financial Markets raised its position in shares of Grupo Financiero Galicia by 103.8% during the third quarter. BNP Paribas Financial Markets now owns 625,003 shares of the bank’s stock worth $26,306,000 after acquiring an additional 318,326 shares during the last quarter. Finally, Duquesne Family Office LLC grew its stake in Grupo Financiero Galicia by 47.8% during the second quarter. Duquesne Family Office LLC now owns 475,763 shares of the bank’s stock worth $14,539,000 after purchasing an additional 153,900 shares during the period.

Grupo Financiero Galicia Stock Down 1.9 %

Grupo Financiero Galicia stock opened at $58.11 on Wednesday. Grupo Financiero Galicia S.A. has a 52 week low of $15.32 and a 52 week high of $60.58. The business has a 50-day simple moving average of $51.39 and a 200 day simple moving average of $40.12. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 1.11.

Analyst Upgrades and Downgrades

GGAL has been the subject of a number of research reports. StockNews.com cut Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Citigroup raised Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Wednesday, September 4th. Bank of America upgraded Grupo Financiero Galicia from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $28.00 to $36.00 in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. upgraded Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $54.00 price target on the stock in a report on Friday, August 30th.

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.