Grupo Financiero Galicia Target of Unusually Large Options Trading (NASDAQ:GGAL)

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) was the recipient of unusually large options trading activity on Monday. Stock investors bought 8,416 put options on the stock. This represents an increase of 396% compared to the average volume of 1,697 put options.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley raised shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $92.00 price target for the company in a report on Monday, December 16th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Grupo Financiero Galicia presently has an average rating of “Moderate Buy” and an average target price of $59.00.

Grupo Financiero Galicia Price Performance

Shares of NASDAQ:GGAL opened at $45.31 on Tuesday. The company has a market capitalization of $6.68 billion, a PE ratio of 6.67 and a beta of 1.60. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a fifty day moving average of $58.62 and a 200-day moving average of $57.74. Grupo Financiero Galicia has a one year low of $23.53 and a one year high of $74.00.

Institutional Investors Weigh In On Grupo Financiero Galicia

Several hedge funds have recently modified their holdings of the stock. Hsbc Holdings PLC increased its stake in Grupo Financiero Galicia by 9,082.3% in the 4th quarter. Hsbc Holdings PLC now owns 11,492,127 shares of the bank’s stock worth $721,935,000 after purchasing an additional 11,366,972 shares in the last quarter. Axiom Investors LLC DE increased its position in shares of Grupo Financiero Galicia by 1,723.9% in 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 purchased a new position in shares of Grupo Financiero Galicia in the fourth quarter worth approximately $78,711,000. William Blair Investment Management LLC raised its holdings in shares of Grupo Financiero Galicia by 778.9% during the fourth quarter. William Blair Investment Management LLC now owns 901,065 shares of the bank’s stock valued at $56,152,000 after acquiring an additional 798,542 shares during the period. Finally, Fourth Sail Capital LP purchased a new stake in shares of Grupo Financiero Galicia in the 4th quarter valued at approximately $27,369,000.

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.