Insigneo Advisory Services LLC Trims Stock Position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Insigneo Advisory Services LLC trimmed its holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 30.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,960 shares of the bank’s stock after selling 6,067 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Grupo Financiero Galicia were worth $427,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. acquired a new position in shares of Grupo Financiero Galicia in the 2nd quarter valued at about $40,000. Ashton Thomas Private Wealth LLC acquired a new position in Grupo Financiero Galicia in the second quarter valued at approximately $51,000. Headlands Technologies LLC purchased a new stake in Grupo Financiero Galicia in the 1st quarter worth approximately $67,000. Banco Santander S.A. acquired a new stake in shares of Grupo Financiero Galicia during the 2nd quarter worth approximately $211,000. Finally, Claro Advisors LLC purchased a new position in shares of Grupo Financiero Galicia during the 1st quarter valued at approximately $235,000.

Grupo Financiero Galicia Trading Up 0.2 %

Shares of NASDAQ GGAL opened at $43.21 on Friday. The company’s 50-day simple moving average is $36.26 and its 200-day simple moving average is $32.44. Grupo Financiero Galicia S.A. has a 52-week low of $10.57 and a 52-week high of $47.70.

Grupo Financiero Galicia Increases Dividend

The company also recently announced a — dividend, which was paid on Monday, August 26th. Shareholders of record on Monday, August 19th were issued a dividend of $0.7248 per share. The ex-dividend date was Monday, August 19th. This is a boost from Grupo Financiero Galicia’s previous — dividend of $0.14.

Analyst Ratings Changes

Several research firms recently commented on GGAL. Bank of America upgraded shares of Grupo Financiero Galicia from an “underperform” rating to a “buy” rating and raised their price target for the company from $28.00 to $36.00 in a research report on Thursday, August 8th. Citigroup upgraded Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 price target for the company in a research note on Wednesday, September 4th. StockNews.com upgraded Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a research report on Thursday, August 29th. Finally, JPMorgan Chase & Co. raised Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $54.00 price objective on the stock in a report on Friday, August 30th.

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.