Systrade AG Has $554,000 Holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Systrade AG cut its holdings in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 32.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,167 shares of the bank’s stock after selling 4,833 shares during the period. Grupo Financiero Galicia comprises approximately 0.8% of Systrade AG’s portfolio, making the stock its 11th largest position. Systrade AG’s holdings in Grupo Financiero Galicia were worth $554,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Wallace Advisory Group LLC bought a new position in shares of Grupo Financiero Galicia in the 1st quarter worth $182,000. Vident Advisory LLC purchased a new stake in Grupo Financiero Galicia during the fourth quarter worth about $349,000. Two Sigma Investments LP raised its holdings in shares of Grupo Financiero Galicia by 0.4% in the 4th quarter. Two Sigma Investments LP now owns 471,443 shares of the bank’s stock worth $29,380,000 after purchasing an additional 1,917 shares during the period. PointState Capital LP lifted its position in shares of Grupo Financiero Galicia by 14.5% during the 4th quarter. PointState Capital LP now owns 577,337 shares of the bank’s stock valued at $35,980,000 after buying an additional 73,168 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Grupo Financiero Galicia by 19.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,222,938 shares of the bank’s stock valued at $76,213,000 after purchasing an additional 196,270 shares during the period.

Grupo Financiero Galicia Stock Down 4.8%

NASDAQ GGAL opened at $53.87 on Thursday. Grupo Financiero Galicia S.A. has a 12 month low of $23.53 and a 12 month high of $74.00. The stock’s 50 day moving average is $58.30 and its 200 day moving average is $60.55. 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 stock has a market cap of $7.94 billion, a PE ratio of 7.93 and a beta of 1.79.

Grupo Financiero Galicia Cuts Dividend

The company also recently declared a — dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Tuesday, June 3rd will be paid a dividend of $0.2631 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. Grupo Financiero Galicia’s dividend payout ratio is currently 3.83%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GGAL. Itau BBA Securities initiated coverage on shares of Grupo Financiero Galicia in a research report on Tuesday, May 20th. They issued an “outperform” rating and a $70.00 price objective for the company. Wall Street Zen cut shares of Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $61.20.

Grupo Financiero Galicia Profile

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.