Truist Financial Corp lowered its position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL – Get Rating) by 11.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,000 shares of the bank's stock after selling 2,000 shares during the period. Truist Financial Corp's holdings in Grupo Financiero Galicia were worth $104,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Fox Run Management L.L.C. bought a new stake in Grupo Financiero Galicia during the first quarter worth about $146,000. Assenagon Asset Management S.A. purchased a new stake in shares of Grupo Financiero Galicia in the 1st quarter worth approximately $636,000. CWA Asset Management Group LLC increased its position in Grupo Financiero Galicia by 47.4% during the 1st quarter. CWA Asset Management Group LLC now owns 32,448 shares of the bank's stock valued at $350,000 after buying an additional 10,441 shares in the last quarter. Invesco Ltd. raised its stake in Grupo Financiero Galicia by 8.0% during the first quarter. Invesco Ltd. now owns 41,478 shares of the bank's stock valued at $448,000 after buying an additional 3,084 shares during the last quarter. Finally, UBS Group AG boosted its holdings in Grupo Financiero Galicia by 28.4% in the first quarter. UBS Group AG now owns 14,314 shares of the bank's stock worth $155,000 after acquiring an additional 3,167 shares in the last quarter. Hedge funds and other institutional investors own 7.29% of the company's stock.
Get Grupo Financiero Galicia alerts:Analyst Ratings Changes
Several brokerages have recently weighed in on GGAL. TheStreet upgraded Grupo Financiero Galicia from a "c" rating to a "b-" rating in a report on Monday, September 26th. StockNews.com assumed coverage on shares of Grupo Financiero Galicia in a report on Wednesday, October 12th. They issued a "hold" rating for the company.
Grupo Financiero Galicia Stock Up 1.0 %
Grupo Financiero Galicia stock opened at $7.85 on Friday. Grupo Financiero Galicia S.A. has a one year low of $5.75 and a one year high of $12.50. The business's fifty day moving average is $8.21 and its 200 day moving average is $8.18. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.08.Grupo Financiero Galicia Cuts Dividend
The business also recently declared an annual dividend, which was paid on Tuesday, October 11th. Stockholders of record on Monday, October 3rd were paid a $0.0895 dividend. The ex-dividend date of this dividend was Friday, September 30th. This represents a dividend yield of 5.17%.
Grupo Financiero Galicia Profile
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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. The company's products and services cover savings, current, and checking accounts; personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking services.
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