Banco Bilbao Vizcaya Argentaria S.A. lessened its position in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL – Get Rating) by 59.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,632 shares of the bank’s stock after selling 18,527 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Grupo Financiero Galicia were worth $122,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in GGAL. INCA Investments LLC lifted its stake in Grupo Financiero Galicia by 33.8% during the first quarter. INCA Investments LLC now owns 3,086,245 shares of the bank’s stock worth $33,331,000 after purchasing an additional 779,545 shares during the last quarter. Verition Fund Management LLC bought a new position in shares of Grupo Financiero Galicia during the 1st quarter worth approximately $4,323,000. JGP Global Gestao de Recursos Ltda. bought a new stake in shares of Grupo Financiero Galicia in the 4th quarter worth approximately $3,162,000. Eaton Vance Management bought a new stake in shares of Grupo Financiero Galicia in the 1st quarter worth approximately $3,452,000. Finally, Itau Unibanco Holding S.A. bought a new stake in Grupo Financiero Galicia during the 4th quarter valued at $2,114,000. Institutional investors own 7.87% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a research report on Thursday.
Grupo Financiero Galicia Price Performance
Grupo Financiero Galicia Dividend Announcement
The business also recently declared a Variable dividend, which will be paid on Tuesday, June 6th. Investors of record on Thursday, June 1st will be paid a $0.448 dividend. The ex-dividend date is Wednesday, May 31st.
Grupo Financiero Galicia Company Profile
Grupo Financiero Galicia SA is a holding company, which engages in banking, insurance, and the issuance of certificates of deposit through its subsidiaries. It operates through the following segments: Banks, Ecosistema Naranja X, Insurance, Other Businesses, and Adjustments. The Banks segment includes the banking business operation results.
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