Stock Traders Purchase Large Volume of Grupo Financiero Galicia Put Options (NASDAQ:GGAL)

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) saw unusually large options trading activity on Monday. Traders purchased 8,416 put options on the company. This represents an increase of 396% compared to the typical daily volume of 1,697 put options.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Grupo Financiero Galicia

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC boosted its position in shares of Grupo Financiero Galicia by 9,082.3% during the 4th quarter. Hsbc Holdings PLC now owns 11,492,127 shares of the bank’s stock valued at $721,935,000 after purchasing an additional 11,366,972 shares in the last quarter. Axiom Investors LLC DE boosted its holdings 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 buying an additional 1,437,570 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Grupo Financiero Galicia in the fourth quarter worth approximately $78,711,000. William Blair Investment Management LLC grew its position in Grupo Financiero Galicia by 778.9% in the fourth quarter. William Blair Investment Management LLC now owns 901,065 shares of the bank’s stock worth $56,152,000 after buying an additional 798,542 shares during the last quarter. Finally, Fourth Sail Capital LP bought a new position in shares of Grupo Financiero Galicia in the fourth quarter valued at $27,369,000.

Grupo Financiero Galicia Price Performance

Grupo Financiero Galicia stock traded down $0.96 during trading hours on Monday, hitting $47.28. 630,809 shares of the company traded hands, compared to its average volume of 1,068,548. Grupo Financiero Galicia has a 1-year low of $23.53 and a 1-year high of $74.00. The firm has a market cap of $6.97 billion, a P/E ratio of 6.93 and a beta of 1.60. The firm’s 50-day simple moving average is $59.01 and its two-hundred day simple moving average is $57.75. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.10.

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.