Claro Advisors LLC Makes New Investment in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Claro Advisors LLC acquired a new position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,253 shares of the bank’s stock, valued at approximately $235,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. FNY Investment Advisers LLC acquired a new stake in Grupo Financiero Galicia in the 4th quarter worth $86,000. Shilanski & Associates Inc. acquired a new stake in Grupo Financiero Galicia during the first quarter worth about $242,000. Dfpg Investments LLC lifted its position in shares of Grupo Financiero Galicia by 49.8% in the 4th quarter. Dfpg Investments LLC now owns 24,737 shares of the bank’s stock worth $415,000 after acquiring an additional 8,224 shares during the period. AdvisorShares Investments LLC bought a new stake in shares of Grupo Financiero Galicia during the fourth quarter valued at approximately $516,000. Finally, Virtu Financial LLC raised its stake in shares of Grupo Financiero Galicia by 78.5% in the fourth quarter. Virtu Financial LLC now owns 37,821 shares of the bank’s stock valued at $653,000 after purchasing an additional 16,628 shares in the last quarter.

Grupo Financiero Galicia Stock Down 9.5 %

Shares of GGAL opened at $27.67 on Tuesday. The stock has a 50 day simple moving average of $33.46 and a 200-day simple moving average of $25.75. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.98 and a quick ratio of 0.98. Grupo Financiero Galicia S.A. has a 1 year low of $10.57 and a 1 year high of $37.83.

Grupo Financiero Galicia Increases Dividend

The business also recently disclosed a Variable dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 21st were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, June 21st. This is a boost from Grupo Financiero Galicia’s previous Variable dividend of $0.12.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a research note on Friday.

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.