Turim 21 Investimentos Ltda. Has $898,000 Position in Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Turim 21 Investimentos Ltda. grew its holdings in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 36.2% during the fourth quarter, Holdings Channel reports. The firm owned 13,314 shares of the bank’s stock after acquiring an additional 3,539 shares during the quarter. Grupo Financiero Galicia comprises about 0.2% of Turim 21 Investimentos Ltda.’s holdings, making the stock its 17th largest position. Turim 21 Investimentos Ltda.’s holdings in Grupo Financiero Galicia were worth $898,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Hsbc Holdings PLC lifted its stake in Grupo Financiero Galicia by 9,082.3% in the fourth quarter. Hsbc Holdings PLC now owns 11,492,127 shares of the bank’s stock valued at $721,935,000 after buying an additional 11,366,972 shares during the period. Axiom Investors LLC DE boosted its stake in Grupo Financiero Galicia by 1,723.9% during the fourth quarter. Axiom Investors LLC DE now owns 1,520,960 shares of the bank’s stock worth $94,786,000 after acquiring an additional 1,437,570 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in Grupo Financiero Galicia in the fourth quarter worth $78,711,000. Jennison Associates LLC increased its stake in Grupo Financiero Galicia by 2.2% in the fourth quarter. Jennison Associates LLC now owns 1,248,936 shares of the bank’s stock valued at $77,834,000 after purchasing an additional 27,353 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Grupo Financiero Galicia by 3.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,050,575 shares of the bank’s stock valued at $65,472,000 after purchasing an additional 30,980 shares during the period.

Grupo Financiero Galicia Stock Performance

Shares of Grupo Financiero Galicia stock opened at $60.48 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.11 and a quick ratio of 1.11. Grupo Financiero Galicia S.A. has a one year low of $23.53 and a one year high of $74.00. The business has a 50-day simple moving average of $56.39 and a 200 day simple moving average of $58.62. The firm has a market capitalization of $8.92 billion, a price-to-earnings ratio of 8.91 and a beta of 1.60.

Grupo Financiero Galicia Company 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.