24,183 Shares in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Purchased by Absolute Gestao de Investimentos Ltda.

Absolute Gestao de Investimentos Ltda. acquired a new position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 24,183 shares of the bank’s stock, valued at approximately $1,507,000. Grupo Financiero Galicia comprises approximately 0.6% of Absolute Gestao de Investimentos Ltda.’s holdings, making the stock its 19th largest holding.

Several other hedge funds have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its stake in shares of Grupo Financiero Galicia by 267.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 92,505 shares of the bank’s stock worth $3,894,000 after acquiring an additional 67,312 shares during the period. SMART Wealth LLC bought a new position in Grupo Financiero Galicia during the fourth quarter worth about $295,000. BTG Pactual Asset Management US LLC bought a new position in Grupo Financiero Galicia during the fourth quarter worth about $315,000. Verde Servicos Internacionais S.A. purchased a new position in shares of Grupo Financiero Galicia in the fourth quarter worth about $686,000. Finally, Deltec Asset Management LLC bought a new stake in shares of Grupo Financiero Galicia in the fourth quarter valued at approximately $262,000.

Grupo Financiero Galicia Stock Down 0.9 %

GGAL opened at $58.16 on Friday. Grupo Financiero Galicia S.A. has a 12 month low of $23.53 and a 12 month high of $74.00. The company has a market cap of $8.58 billion, a PE ratio of 8.57 and a beta of 1.60. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10. The company has a 50 day moving average of $56.86 and a 200 day moving average of $59.37.

About Grupo Financiero Galicia

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. It also offers personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking services, as well as savings, deposits, and checking accounts related services.