Investors Purchase High Volume of Grupo Financiero Galicia Put Options (NASDAQ:GGAL)

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) saw unusually large options trading activity on Friday. Investors bought 9,379 put options on the stock. This represents an increase of approximately 206% compared to the average volume of 3,062 put options.

Grupo Financiero Galicia Stock Up 4.1 %

GGAL traded up $1.21 on Friday, hitting $30.70. The company had a trading volume of 967,733 shares, compared to its average volume of 1,017,205. The company’s fifty day moving average price is $25.27 and its 200 day moving average price is $19.17. Grupo Financiero Galicia has a 1-year low of $10.57 and a 1-year high of $31.85.

Institutional Trading of Grupo Financiero Galicia

A number of institutional investors and hedge funds have recently modified their holdings of the company. Hsbc Holdings PLC boosted its stake in Grupo Financiero Galicia by 1.2% during the 3rd quarter. Hsbc Holdings PLC now owns 255,668 shares of the bank’s stock valued at $3,370,000 after purchasing an additional 3,116 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Grupo Financiero Galicia by 62.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 421,468 shares of the bank’s stock worth $7,277,000 after purchasing an additional 161,684 shares during the period. Dfpg Investments LLC raised its position in shares of Grupo Financiero Galicia by 49.8% during the fourth quarter. Dfpg Investments LLC now owns 24,737 shares of the bank’s stock valued at $415,000 after buying an additional 8,224 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Grupo Financiero Galicia during the fourth quarter valued at about $2,924,000. Finally, Aigen Investment Management LP bought a new position in Grupo Financiero Galicia during the third quarter valued at about $203,000.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a report on Wednesday, April 17th.

Grupo Financiero Galicia Company Profile

Grupo Financiero Galicia SA, a financial service holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Banks, NaranjaX, Insurance, and Other Businesses segments. It also offers personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking services, as well as savings, deposits, and checking accounts related services.