Invictus RG Has $417,000 Stake in Grupo Financiero Galicia S.A. (GGAL)

Invictus RG boosted its stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 3,326.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,086 shares of the bank’s stock after acquiring an additional 7,850 shares during the quarter. Invictus RG’s holdings in Grupo Financiero Galicia were worth $417,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of GGAL. Geode Capital Management LLC grew its holdings in Grupo Financiero Galicia by 38.0% during the 1st quarter. Geode Capital Management LLC now owns 29,717 shares of the bank’s stock worth $1,124,000 after acquiring an additional 8,184 shares during the last quarter. Bank of America Corp DE grew its holdings 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 worth $120,000 after acquiring an additional 887 shares during the last quarter. Gilder Gagnon Howe & Co. LLC grew its holdings in Grupo Financiero Galicia by 0.6% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 2,836 shares of the bank’s stock worth $121,000 after acquiring an additional 17 shares during the last quarter. Pioneer Investment Management Inc. acquired a new position in Grupo Financiero Galicia during the 2nd quarter valued at about $1,703,000. Finally, Global X Management Co. LLC lifted its position in Grupo Financiero Galicia by 7.8% during the 2nd quarter. Global X Management Co. LLC now owns 180,423 shares of the bank’s stock valued at $7,693,000 after purchasing an additional 13,102 shares during the period. 32.29% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Financiero Galicia S.A. (GGAL) opened at $58.24 on Tuesday. Grupo Financiero Galicia S.A. has a 52-week low of $23.23 and a 52-week high of $59.76.

A number of research analysts have issued reports on GGAL shares. Citigroup upgraded shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a research report on Monday, November 27th. UBS upgraded shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 4th. BidaskClub upgraded shares of Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Zacks Investment Research downgraded shares of Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research report on Monday, November 20th. Finally, Santander downgraded shares of Grupo Financiero Galicia from a “hold” rating to an “underperform” rating in a research report on Friday, September 8th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. Grupo Financiero Galicia presently has an average rating of “Hold”.

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Grupo Financiero Galicia 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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