Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $731,000 Stake in Grupo Financiero Galicia S.A. (GGAL)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 8.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,183 shares of the bank’s stock after selling 1,262 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Grupo Financiero Galicia were worth $731,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC increased its position in shares of Grupo Financiero Galicia by 38.0% during the first quarter. Geode Capital Management LLC now owns 29,717 shares of the bank’s stock valued at $1,124,000 after acquiring an additional 8,184 shares during the last quarter. Bank of America Corp DE increased its position in shares of Grupo Financiero Galicia by 39.5% during the first 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 during the last quarter. Gilder Gagnon Howe & Co. LLC increased its position in shares of Grupo Financiero Galicia by 0.6% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 2,836 shares of the bank’s stock valued at $121,000 after acquiring an additional 17 shares during the last quarter. Pioneer Investment Management Inc. purchased a new stake in shares of Grupo Financiero Galicia during the second quarter valued at approximately $1,703,000. Finally, Global X Management Co. LLC increased its position in shares of Grupo Financiero Galicia by 7.8% during the second quarter. Global X Management Co. LLC now owns 180,423 shares of the bank’s stock valued at $7,693,000 after acquiring an additional 13,102 shares during the last quarter. 32.29% of the stock is owned by hedge funds and other institutional investors.

Shares of Grupo Financiero Galicia S.A. (NASDAQ GGAL) opened at $62.36 on Friday. Grupo Financiero Galicia S.A. has a 52-week low of $23.23 and a 52-week high of $62.45. The stock has a market capitalization of $7,140.00, a price-to-earnings ratio of 18.88 and a beta of 1.14.

A number of analysts recently commented on GGAL shares. BidaskClub raised Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Santander downgraded Grupo Financiero Galicia from a “hold” rating to an “underperform” rating in a research report on Friday, September 8th. Citigroup raised Grupo Financiero Galicia from a “sell” rating to a “neutral” rating in a research report on Friday, September 8th. UBS raised Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 4th. Finally, Zacks Investment Research downgraded Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research report on Monday, November 20th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold”.

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

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