Mitsubishi UFJ Kokusai Asset Management Co. Ltd. reduced its holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL – Get Rating) by 24.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,183 shares of the bank's stock after selling 5,040 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.'s holdings in Grupo Financiero Galicia were worth $105,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Great West Life Assurance Co. Can increased its position in Grupo Financiero Galicia by 135.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 10,730 shares of the bank's stock worth $123,000 after purchasing an additional 6,176 shares during the last quarter. Commonwealth Equity Services LLC raised its position in Grupo Financiero Galicia by 16.9% during the first quarter. Commonwealth Equity Services LLC now owns 13,475 shares of the bank's stock valued at $145,000 after acquiring an additional 1,952 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in Grupo Financiero Galicia in the first quarter valued at approximately $146,000. UBS Group AG lifted its stake in Grupo Financiero Galicia by 28.4% in the first quarter. UBS Group AG now owns 14,314 shares of the bank's stock valued at $155,000 after acquiring an additional 3,167 shares during the last quarter. Finally, Wrapmanager Inc. grew its position in Grupo Financiero Galicia by 30.1% in the first quarter. Wrapmanager Inc. now owns 27,134 shares of the bank's stock worth $293,000 after acquiring an additional 6,276 shares in the last quarter. Institutional investors and hedge funds own 7.29% of the company's stock.
Get Grupo Financiero Galicia alerts:Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on GGAL shares. TheStreet raised shares of Grupo Financiero Galicia from a "c" rating to a "b-" rating in a research note on Monday, September 26th. StockNews.com started coverage on Grupo Financiero Galicia in a research report on Wednesday, October 12th. They issued a "hold" rating for the company.
Grupo Financiero Galicia Stock Performance
Shares of GGAL opened at $7.99 on Monday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.08. The company has a 50-day simple moving average of $8.14 and a 200-day simple moving average of $8.06. Grupo Financiero Galicia S.A. has a 52 week low of $5.75 and a 52 week high of $12.50.Grupo Financiero Galicia Cuts Dividend
The company also recently disclosed an annual dividend, which was paid on Tuesday, October 11th. Shareholders of record on Monday, October 3rd were given a $0.0895 dividend. The ex-dividend date of this dividend was Friday, September 30th. This represents a dividend yield of 5.17%.
About Grupo Financiero Galicia
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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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