Barings LLC Maintains Stake in Grupo Financiero Galicia S.A. (GGAL)

Barings LLC maintained its position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,190 shares of the bank’s stock at the end of the second quarter. Barings LLC’s holdings in Grupo Financiero Galicia were worth $954,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its stake in Grupo Financiero Galicia by 39.5% in the 1st quarter. Bank of America Corp DE now owns 3,132 shares of the bank’s stock worth $120,000 after buying an additional 887 shares in the last quarter. Gilder Gagnon Howe & Co. LLC grew its stake in Grupo Financiero Galicia by 0.6% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 2,836 shares of the bank’s stock worth $121,000 after buying an additional 17 shares in the last quarter. Advisor Group Inc. grew its stake in Grupo Financiero Galicia by 126.5% in the 2nd quarter. Advisor Group Inc. now owns 2,997 shares of the bank’s stock worth $128,000 after buying an additional 1,674 shares in the last quarter. Marshall Wace LLP purchased a new position in Grupo Financiero Galicia in the 2nd quarter worth approximately $212,000. Finally, LSV Asset Management grew its stake in Grupo Financiero Galicia by 59.1% in the 2nd quarter. LSV Asset Management now owns 7,000 shares of the bank’s stock worth $298,000 after buying an additional 2,600 shares in the last quarter. 25.78% of the stock is owned by institutional investors and hedge funds.

The firm also recently announced an annual dividend, which was paid on Friday, October 6th. Investors of record on Wednesday, September 27th were issued a $0.0005 dividend. The ex-dividend date was Tuesday, September 26th.

GGAL has been the subject of a number of research reports. BidaskClub cut shares of Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research note on Friday, June 16th. Zacks Investment Research cut shares of Grupo Financiero Galicia from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Santander cut shares of Grupo Financiero Galicia from a “hold” rating to an “underperform” rating in a research note on Friday, September 8th. Citigroup Inc. raised shares of Grupo Financiero Galicia from a “sell” rating to a “neutral” rating in a research note on Friday, September 8th. Finally, UBS AG raised shares of Grupo Financiero Galicia from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $35.00.

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Grupo Financiero Galicia Profile

Grupo Financiero Galicia SA (Grupo Financiero Galicia) is a financial services holding company. The Company’s segments include Banking, Regional Credit Cards, CFA, Insurance and Other Grupo Galicia Businesses. Banco de Galicia y Buenos Aires SA (Banco Galicia) is a subsidiary of the Company. Its banking business segment represents Banco Galicia consolidated line by line with Banco Galicia Uruguay SA (Galicia Uruguay).

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

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