Barclays PLC Sells 1,835 Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Barclays PLC decreased its stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 61.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,175 shares of the bank’s stock after selling 1,835 shares during the quarter. Barclays PLC’s holdings in Grupo Financiero Galicia were worth $49,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC bought a new position in shares of Grupo Financiero Galicia during the 2nd quarter worth approximately $51,000. Headlands Technologies LLC lifted its stake in Grupo Financiero Galicia by 573.5% in the second quarter. Headlands Technologies LLC now owns 17,774 shares of the bank’s stock valued at $543,000 after buying an additional 15,135 shares during the period. Beverly Hills Private Wealth LLC raised its holdings in Grupo Financiero Galicia by 5.2% in the second quarter. Beverly Hills Private Wealth LLC now owns 9,212 shares of the bank’s stock worth $282,000 after purchasing an additional 452 shares during the period. William Blair Investment Management LLC bought a new stake in shares of Grupo Financiero Galicia in the second quarter worth about $8,573,000. Finally, Turim 21 Investimentos Ltda. bought a new position in Grupo Financiero Galicia in the second quarter valued at approximately $453,000.

Analyst Ratings Changes

Several analysts have issued reports on GGAL shares. StockNews.com downgraded Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Morgan Stanley raised shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 price objective on the stock in a research report on Monday, December 16th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Grupo Financiero Galicia has a consensus rating of “Moderate Buy” and a consensus target price of $59.00.

Grupo Financiero Galicia Stock Down 1.7 %

Shares of NASDAQ GGAL opened at $71.00 on Friday. Grupo Financiero Galicia S.A. has a 52 week low of $15.32 and a 52 week high of $74.00. The stock has a 50 day moving average price of $59.84 and a 200 day moving average price of $45.54. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.11 and a quick ratio of 1.11.

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.