Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Shares Sold by Deutsche Bank AG

Deutsche Bank AG trimmed its position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 16.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,000 shares of the bank’s stock after selling 5,000 shares during the period. Deutsche Bank AG’s holdings in Grupo Financiero Galicia were worth $1,558,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GGAL. R Squared Ltd acquired a new stake in Grupo Financiero Galicia during the 4th quarter valued at $27,000. CIBC Private Wealth Group LLC acquired a new stake in Grupo Financiero Galicia during the 4th quarter valued at $34,000. Compass Group LLC acquired a new stake in Grupo Financiero Galicia during the 4th quarter valued at $67,000. GeoWealth Management LLC acquired a new stake in Grupo Financiero Galicia during the 4th quarter valued at $71,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Grupo Financiero Galicia by 41.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,134 shares of the bank’s stock valued at $136,000 after purchasing an additional 624 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on GGAL shares. Wall Street Zen lowered shares of Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a report on Thursday. Itau BBA Securities initiated coverage on shares of Grupo Financiero Galicia in a report on Tuesday, May 20th. They set an “outperform” rating and a $70.00 price target for the company. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $61.20.

Grupo Financiero Galicia Price Performance

Shares of GGAL stock opened at $62.86 on Friday. The firm has a market cap of $9.27 billion, a P/E ratio of 9.26 and a beta of 1.79. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.11 and a quick ratio of 1.11. Grupo Financiero Galicia S.A. has a 1-year low of $23.53 and a 1-year high of $74.00. The firm has a fifty day moving average of $58.13 and a two-hundred day moving average of $60.38.

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.