OppenheimerFunds Inc. bought a new stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the 4th quarter, HoldingsChannel.com reports. The fund bought 43,460 shares of the bank’s stock, valued at approximately $2,861,000.
A number of other hedge funds have also recently added to or reduced their stakes in GGAL. Victory Capital Management Inc. bought a new position in Grupo Financiero Galicia in the 3rd quarter valued at about $107,000. GRATRY & Co LLC bought a new position in Grupo Financiero Galicia in the 4th quarter valued at about $210,000. Advisor Group Inc. increased its holdings in Grupo Financiero Galicia by 49.5% in the 3rd quarter. Advisor Group Inc. now owns 4,482 shares of the bank’s stock valued at $231,000 after buying an additional 1,485 shares during the period. Virtu Financial LLC bought a new position in Grupo Financiero Galicia in the 4th quarter valued at about $291,000. Finally, Commonwealth Bank of Australia increased its holdings in Grupo Financiero Galicia by 368.3% in the 3rd quarter. Commonwealth Bank of Australia now owns 7,011 shares of the bank’s stock valued at $360,000 after buying an additional 5,514 shares during the period. 36.14% of the stock is currently owned by hedge funds and other institutional investors.
Grupo Financiero Galicia S.A. (GGAL) opened at $63.62 on Friday. Grupo Financiero Galicia S.A. has a 1-year low of $33.08 and a 1-year high of $73.45. The company has a market cap of $8,272.32, a PE ratio of 20.33 and a beta of 1.29.
WARNING: This piece of content was originally published by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international copyright laws. The original version of this piece of content can be read at https://www.tickerreport.com/banking-finance/3255279/oppenheimerfunds-inc-takes-2-86-million-position-in-grupo-financiero-galicia-s-a-ggal.html.
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).
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).
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.