Diversify Advisory Services LLC Sells 2,522 Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Diversify Advisory Services LLC lessened its stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 24.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,968 shares of the bank’s stock after selling 2,522 shares during the quarter. Diversify Advisory Services LLC’s holdings in Grupo Financiero Galicia were worth $335,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Assenagon Asset Management S.A. bought a new position in Grupo Financiero Galicia during the third quarter worth about $1,503,000. X Square Capital LLC purchased a new stake in shares of Grupo Financiero Galicia during the 3rd quarter valued at approximately $316,000. Claro Advisors LLC lifted its stake in shares of Grupo Financiero Galicia by 1,058.6% during the 3rd quarter. Claro Advisors LLC now owns 107,800 shares of the bank’s stock valued at $4,537,000 after buying an additional 98,496 shares in the last quarter. Bank of New Hampshire bought a new position in Grupo Financiero Galicia in the 3rd quarter worth approximately $631,000. Finally, Truist Financial Corp purchased a new position in Grupo Financiero Galicia in the 2nd quarter valued at approximately $273,000.

Grupo Financiero Galicia Stock Performance

Grupo Financiero Galicia stock opened at $52.72 on Friday. Grupo Financiero Galicia S.A. has a fifty-two week low of $10.76 and a fifty-two week high of $55.61. The firm’s fifty day moving average price is $44.55 and its 200-day moving average price is $36.21. The stock has a market cap of $7.77 billion, a P/E ratio of 7.44 and a beta of 1.93.

Grupo Financiero Galicia Increases Dividend

The company also recently disclosed a — dividend, which was paid on Monday, August 26th. Stockholders of record on Monday, August 19th were given a dividend of $0.7248 per share. The ex-dividend date of this dividend was Monday, August 19th. This is a positive change from Grupo Financiero Galicia’s previous — dividend of $0.14. Grupo Financiero Galicia’s dividend payout ratio is 33.29%.

Wall Street Analysts Forecast Growth

GGAL has been the subject of a number of analyst reports. Bank of America raised Grupo Financiero Galicia from an “underperform” rating to a “buy” rating and raised their price target for the stock from $28.00 to $36.00 in a report on Thursday, August 8th. JPMorgan Chase & Co. upgraded Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $54.00 target price for the company in a research note on Friday, August 30th. StockNews.com lowered Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a report on Monday. Finally, Citigroup raised shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 price target on the stock in a report on Wednesday, September 4th.

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.