Caxton Associates LP Sells 13,430 Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Caxton Associates LP lessened its holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 34.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,000 shares of the bank’s stock after selling 13,430 shares during the period. Caxton Associates LP’s holdings in Grupo Financiero Galicia were worth $1,289,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GGAL. Capital World Investors lifted its stake in shares of Grupo Financiero Galicia by 73.3% in the 2nd quarter. Capital World Investors now owns 6,850,359 shares of the bank’s stock worth $292,099,000 after purchasing an additional 2,898,597 shares during the period. Third Point LLC bought a new position in shares of Grupo Financiero Galicia in the 3rd quarter worth approximately $86,330,000. Carmignac Gestion bought a new position in shares of Grupo Financiero Galicia in the 3rd quarter worth approximately $41,232,000. Key Square Capital Management LLC bought a new stake in Grupo Financiero Galicia during the 3rd quarter worth approximately $28,696,000. Finally, Renaissance Group LLC bought a new stake in Grupo Financiero Galicia during the 3rd quarter worth approximately $17,589,000. Hedge funds and other institutional investors own 32.24% of the company’s stock.

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) traded up $1.36 during mid-day trading on Tuesday, hitting $67.21. 362,809 shares of the company were exchanged, compared to its average volume of 512,586. Grupo Financiero Galicia S.A. has a 1 year low of $26.38 and a 1 year high of $67.44. The stock has a market capitalization of $7,780.00, a price-to-earnings ratio of 21.89 and a beta of 1.14.

A number of equities research analysts have commented on GGAL shares. Citigroup upgraded shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a research note on Monday, November 27th. UBS Group upgraded shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 4th. BidaskClub upgraded shares of Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. HSBC cut shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research note on Thursday, December 21st. Finally, ValuEngine cut shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Grupo Financiero Galicia has an average rating of “Hold”.

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About Grupo Financiero Galicia

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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