INCA Investments LLC Sells 1,065,334 Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

INCA Investments LLC cut its stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 55.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 845,169 shares of the bank’s stock after selling 1,065,334 shares during the period. Grupo Financiero Galicia comprises about 6.5% of INCA Investments LLC’s holdings, making the stock its 7th biggest holding. INCA Investments LLC’s holdings in Grupo Financiero Galicia were worth $14,592,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Grupo Financiero Galicia in the third quarter valued at approximately $42,000. FNY Investment Advisers LLC purchased a new position in Grupo Financiero Galicia in the 4th quarter valued at $86,000. Wrapmanager Inc. acquired a new stake in Grupo Financiero Galicia during the 3rd quarter worth $137,000. Turim 21 Investimentos Ltda. grew its holdings in shares of Grupo Financiero Galicia by 42.9% during the third quarter. Turim 21 Investimentos Ltda. now owns 10,991 shares of the bank’s stock worth $143,000 after buying an additional 3,302 shares in the last quarter. Finally, JGP Global Gestao de Recursos Ltda. acquired a new stake in shares of Grupo Financiero Galicia in the third quarter valued at about $159,000.

Analysts Set New Price Targets

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

Grupo Financiero Galicia Price Performance

Shares of GGAL stock traded up $0.56 during trading hours on Monday, reaching $31.26. The company had a trading volume of 554,653 shares, compared to its average volume of 1,011,565. Grupo Financiero Galicia S.A. has a 12-month low of $10.57 and a 12-month high of $31.85. The stock has a fifty day moving average of $25.27 and a 200-day moving average of $19.27.

About Grupo Financiero Galicia

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.