Pacad Investment Ltd. Invests $375,000 in Grupo Financiero Galicia S.A. (GGAL)

Pacad Investment Ltd. acquired a new stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 8,800 shares of the bank’s stock, valued at approximately $375,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Gilder Gagnon Howe & Co. LLC purchased a new stake in Grupo Financiero Galicia during the 1st quarter valued at about $107,000. Bank of America Corp DE grew its stake in Grupo Financiero Galicia by 39.5% during the 1st quarter. Bank of America Corp DE now owns 3,132 shares of the bank’s stock valued at $120,000 after acquiring an additional 887 shares in the last quarter. Marshall Wace LLP purchased a new stake in Grupo Financiero Galicia during the 2nd quarter valued at about $212,000. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Grupo Financiero Galicia by 16.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,500 shares of the bank’s stock valued at $362,000 after acquiring an additional 1,200 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Grupo Financiero Galicia during the 1st quarter valued at about $431,000. 25.78% of the stock is owned by institutional investors.

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Several brokerages recently issued reports on GGAL. Citigroup Inc. raised shares of Grupo Financiero Galicia from a “sell” rating to a “neutral” rating in a research note on Friday, September 8th. Santander cut shares of Grupo Financiero Galicia from a “hold” rating to an “underperform” rating in a research note on Friday, September 8th. Zacks Investment Research raised shares of Grupo Financiero Galicia from a “hold” rating to a “strong-buy” rating and set a $54.00 price objective for the company in a research note on Tuesday, June 6th. Finally, BidaskClub cut shares of Grupo Financiero Galicia from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Grupo Financiero Galicia presently has an average rating of “Hold” and a consensus target price of $44.50.

Shares of Grupo Financiero Galicia S.A. (GGAL) opened at 49.49 on Friday. The stock has a 50 day moving average of $42.84 and a 200 day moving average of $40.90. Grupo Financiero Galicia S.A. has a 1-year low of $23.23 and a 1-year high of $49.77. The stock has a market cap of $6.43 billion, a PE ratio of 16.48 and a beta of 1.27.

Grupo Financiero Galicia Company Profile

Grupo Financiero Galicia SA (Grupo Financiero Galicia) is a financial services holding company. The Company’s segments include Banking, Regional Credit Cards, CFA, Insurance and Other Grupo Galicia Businesses. Banco de Galicia y Buenos Aires SA (Banco Galicia) is a subsidiary of the Company. Its banking business segment represents Banco Galicia consolidated line by line with Banco Galicia Uruguay SA (Galicia Uruguay).

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

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