BNP Paribas Arbitrage SA lowered its stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 37.0% during the first quarter, Holdings Channel reports. The fund owned 6,173 shares of the bank’s stock after selling 3,618 shares during the period. BNP Paribas Arbitrage SA’s holdings in Grupo Financiero Galicia were worth $234,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in GGAL. Franklin Resources Inc. purchased a new stake in shares of Grupo Financiero Galicia during the fourth quarter valued at approximately $7,015,000. Russell Investments Group Ltd. purchased a new stake in shares of Grupo Financiero Galicia during the fourth quarter valued at approximately $6,255,000. Comerica Bank boosted its stake in shares of Grupo Financiero Galicia by 0.4% in the fourth quarter. Comerica Bank now owns 183,228 shares of the bank’s stock valued at $5,781,000 after buying an additional 644 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of Grupo Financiero Galicia by 0.4% in the first quarter. State of New Jersey Common Pension Fund D now owns 171,944 shares of the bank’s stock valued at $6,510,000 after buying an additional 600 shares during the last quarter. Finally, Harding Loevner LP boosted its stake in shares of Grupo Financiero Galicia by 0.8% in the first quarter. Harding Loevner LP now owns 129,590 shares of the bank’s stock valued at $4,906,000 after buying an additional 1,010 shares during the last quarter. 29.98% of the stock is currently owned by hedge funds and other institutional investors.

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

Grupo Financiero Galicia S.A. (NASDAQ GGAL) opened at 42.10 on Friday. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 13.95 and a beta of 1.30. The firm has a 50-day moving average of $42.88 and a 200 day moving average of $35.37. Grupo Financiero Galicia S.A. has a 52-week low of $23.23 and a 52-week high of $47.34.

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Several equities research analysts recently commented on GGAL shares. BidaskClub cut Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a report on Friday. Zacks Investment Research raised Grupo Financiero Galicia from a “hold” rating to a “strong-buy” rating and set a $54.00 target price on the stock in a report on Tuesday, June 6th. Finally, Citigroup Inc. cut Grupo Financiero Galicia from a “neutral” rating to a “sell” rating in a report on Wednesday, June 7th.

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).

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