Grupo Financiero Galicia S.A. (GGAL) Holdings Cut by Baillie Gifford & Co.

Baillie Gifford & Co. lowered its holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 0.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 993,833 shares of the bank’s stock after selling 5,347 shares during the quarter. Baillie Gifford & Co.’s holdings in Grupo Financiero Galicia were worth $27,400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. INCA Investments LLC increased its stake in shares of Grupo Financiero Galicia by 24.4% in the fourth quarter. INCA Investments LLC now owns 2,832,701 shares of the bank’s stock worth $78,098,000 after acquiring an additional 556,094 shares during the period. BlackRock Inc. increased its stake in shares of Grupo Financiero Galicia by 44.9% in the fourth quarter. BlackRock Inc. now owns 2,390,466 shares of the bank’s stock worth $65,905,000 after acquiring an additional 740,685 shares during the period. Schroder Investment Management Group increased its stake in shares of Grupo Financiero Galicia by 21.2% in the third quarter. Schroder Investment Management Group now owns 1,791,505 shares of the bank’s stock worth $45,558,000 after acquiring an additional 312,834 shares during the period. Alliancebernstein L.P. increased its stake in shares of Grupo Financiero Galicia by 29.4% in the third quarter. Alliancebernstein L.P. now owns 1,723,188 shares of the bank’s stock worth $43,821,000 after acquiring an additional 391,320 shares during the period. Finally, MARSHALL WACE ASIA Ltd increased its stake in shares of Grupo Financiero Galicia by 10.0% in the third quarter. MARSHALL WACE ASIA Ltd now owns 1,090,815 shares of the bank’s stock worth $27,740,000 after acquiring an additional 98,950 shares during the period. Hedge funds and other institutional investors own 25.06% of the company’s stock.

GGAL has been the topic of a number of research reports. Bank of America lowered shares of Grupo Financiero Galicia from a “neutral” rating to an “underperform” rating in a research note on Thursday, February 21st. ValuEngine upgraded shares of Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, BidaskClub upgraded shares of Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a research note on Saturday, January 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Grupo Financiero Galicia currently has a consensus rating of “Hold” and an average target price of $32.00.

NASDAQ:GGAL opened at $27.27 on Friday. Grupo Financiero Galicia S.A. has a 1-year low of $18.30 and a 1-year high of $68.70. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.51.

COPYRIGHT VIOLATION NOTICE: “Grupo Financiero Galicia S.A. (GGAL) Holdings Cut by Baillie Gifford & Co.” was originally reported by WKRB News and is the property of of WKRB News. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright & trademark laws. The original version of this piece can be accessed at https://www.wkrb13.com/2019/03/15/grupo-financiero-galicia-s-a-ggal-holdings-cut-by-baillie-gifford-co.html.

Grupo Financiero Galicia Profile

Grupo Financiero Galicia SA, a financial services holding company, provides various financial products and services in Argentina. The company operates through Banking, Regional Credit Cards, Insurance, and Other Grupo Galicia Businesses segments. It offers corporate banking services to companies; credit and debit cards, loans, and financing advice to various agricultural-sector clients; foreign trade transaction services; and e-banking services.

See Also: Cryptocurrencies

Want to see what other hedge funds are holding GGAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grupo Financiero Galicia S.A. (NASDAQ:GGAL).

Institutional Ownership by Quarter for Grupo Financiero Galicia (NASDAQ:GGAL)

Receive News & Ratings for Grupo Financiero Galicia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Financiero Galicia and related companies with MarketBeat.com's FREE daily email newsletter.