Manning & Napier Advisors LLC decreased its stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 12.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,495 shares of the bank’s stock after selling 13,015 shares during the period. Manning & Napier Advisors LLC owned 0.07% of Grupo Financiero Galicia worth $3,815,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Gilder Gagnon Howe & Co. LLC acquired a new position in Grupo Financiero Galicia during the first quarter valued at approximately $107,000. Bank of America Corp DE raised its position in Grupo Financiero Galicia by 39.5% in the first quarter. Bank of America Corp DE now owns 3,132 shares of the bank’s stock valued at $120,000 after buying an additional 887 shares during the period. Fisher Asset Management LLC raised its position in Grupo Financiero Galicia by 9.8% in the first quarter. Fisher Asset Management LLC now owns 9,000 shares of the bank’s stock valued at $341,000 after buying an additional 800 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in Grupo Financiero Galicia during the first quarter valued at approximately $431,000. Finally, Eqis Capital Management Inc. raised its position in Grupo Financiero Galicia by 11.4% in the first quarter. Eqis Capital Management Inc. now owns 12,631 shares of the bank’s stock valued at $478,000 after buying an additional 1,289 shares during the period. Institutional investors and hedge funds own 30.12% of the company’s stock.
Grupo Financiero Galicia S.A. (GGAL) traded up 3.32% during midday trading on Friday, hitting $37.96. 391,880 shares of the stock traded hands. The firm has a market cap of $4.94 billion, a PE ratio of 12.89 and a beta of 1.31. Grupo Financiero Galicia S.A. has a 52-week low of $23.23 and a 52-week high of $47.34. The stock has a 50-day moving average of $39.51 and a 200 day moving average of $38.63.
TRADEMARK VIOLATION NOTICE: “Manning & Napier Advisors LLC Has $3.82 Million Position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)” was first posted by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this news story can be viewed at https://stocknewstimes.com/2017/08/12/grupo-financiero-galicia-s-a-nasdaqggal-shares-sold-by-manning-napier-advisors-llc-updated-updated.html.
GGAL has been the subject of several research reports. BidaskClub lowered shares of Grupo Financiero Galicia from a “strong-buy” rating to a “buy” rating in a report on Friday, June 9th. Zacks Investment Research lowered shares of Grupo Financiero Galicia from a “strong-buy” rating to a “hold” rating in a report on Monday, May 22nd. Finally, Citigroup Inc. lowered shares of Grupo Financiero Galicia from a “neutral” rating to a “sell” rating in a report on Wednesday, June 7th.
About Grupo Financiero Galicia
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).
Receive News & Ratings for Grupo Financiero Galicia S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Financiero Galicia S.A. and related companies with MarketBeat.com's FREE daily email newsletter.
