Pictet Asset Management Holding SA Has $1.75 Million Holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Pictet Asset Management Holding SA cut its stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 25.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,152 shares of the bank’s stock after selling 9,678 shares during the period. Pictet Asset Management Holding SA’s holdings in Grupo Financiero Galicia were worth $1,754,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of GGAL. R Squared Ltd bought a new position in Grupo Financiero Galicia in the 4th quarter worth approximately $27,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Grupo Financiero Galicia by 41.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,134 shares of the bank’s stock worth $136,000 after purchasing an additional 624 shares in the last quarter. Blue Trust Inc. grew its stake in Grupo Financiero Galicia by 78.8% in the fourth quarter. Blue Trust Inc. now owns 2,536 shares of the bank’s stock valued at $158,000 after acquiring an additional 1,118 shares during the period. Empowered Funds LLC bought a new position in shares of Grupo Financiero Galicia during the 4th quarter valued at about $167,000. Finally, Burns Matteson Capital Management LLC acquired a new position in shares of Grupo Financiero Galicia in the 4th quarter valued at approximately $216,000.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley raised shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 price target on the stock in a research note on Monday, December 16th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.00.

Grupo Financiero Galicia Trading Down 10.0 %

NASDAQ:GGAL opened at $48.24 on Friday. The company has a market cap of $7.11 billion, a P/E ratio of 7.10 and a beta of 1.85. Grupo Financiero Galicia S.A. has a twelve month low of $23.53 and a twelve month high of $74.00. The business has a 50 day moving average price of $59.01 and a two-hundred day moving average price of $57.59. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.10.

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.