<div id="readability-page-1"><p>SPX Gestao de Recursos Ltda lessened its holdings in shares of  Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) by 91.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,000 shares of the bank's stock after selling 338,261 shares during the period. SPX Gestao de Recursos Ltda's holdings in Grupo Financiero Galicia were worth $827,000 at the end of the most recent quarter.</p><p>A number of other institutional investors have also recently made changes to their positions in GGAL. Hantz Financial Services Inc. boosted its holdings in  Grupo Financiero Galicia by 131.6% in the third quarter. Hantz Financial Services Inc. now owns 938 shares of the bank's stock worth $26,000 after acquiring an additional 533 shares in the last quarter.  SBI Securities Co. Ltd. raised its position in shares of  Grupo Financiero Galicia by 240.5% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,202 shares of the bank's stock valued at $61,000 after purchasing an additional 849 shares during the last quarter.  Acuitas Investments LLC purchased a new position in shares of  Grupo Financiero Galicia in the 3rd quarter valued at approximately $110,000.  Raymond James Financial Inc. acquired a new stake in  Grupo Financiero Galicia in the 2nd quarter worth approximately $151,000.  Finally, SG Americas Securities LLC purchased a new stake in  Grupo Financiero Galicia during the 3rd quarter worth approximately $165,000. </p><h2>Wall Street Analysts Forecast Growth</h2><p>A number of research analysts have issued reports on GGAL shares. The Goldman Sachs Group upgraded shares of Grupo Financiero Galicia to a &#34;hold&#34; rating in a research note on Monday, November 10th. UBS Group began coverage on shares of Grupo Financiero Galicia in a report on Wednesday, November 19th. They set a &#34;hold&#34; rating and a $60.00 price objective on the stock. Zacks Research downgraded Grupo Financiero Galicia from a &#34;hold&#34; rating to a &#34;strong sell&#34; rating in a research report on Monday, February 9th. Wall Street Zen lowered Grupo Financiero Galicia from a &#34;hold&#34; rating to a &#34;sell&#34; rating in a research note on Saturday, February 7th. Finally, JPMorgan Chase &amp; Co. dropped their price target on Grupo Financiero Galicia from $75.00 to $72.00 and set an &#34;overweight&#34; rating on the stock in a research note on Thursday, February 19th. One research analyst  has rated the stock with a Strong Buy rating, three have assigned  a Buy rating, two have issued  a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of &#34;Hold&#34; and a consensus target price of $65.50.</p><p><b>Read Our Latest Report on Grupo Financiero Galicia</b></p><h2>Grupo Financiero Galicia Trading Down 3.4%</h2><p>Shares of NASDAQ GGAL opened at $41.74 on Friday. The company has a 50 day simple moving average of $50.75 and a two-hundred day simple moving average of $45.61. The stock has a market cap of $6.16 billion, a price-to-earnings ratio of 21.08 and a beta of 1.48. Grupo Financiero Galicia S.A. has a 12 month low of $25.89 and a 12 month high of $66.24. </p><h2>Grupo Financiero Galicia Increases Dividend</h2><p>The firm also recently declared a monthly dividend, which will be paid on Monday, March 9th. Shareholders of record on Monday, March 2nd will be issued a $0.1541 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This is a positive change from Grupo Financiero Galicia's previous monthly dividend of $0.15. This represents a c) annualized dividend and a yield of 4.4%. Grupo Financiero Galicia's dividend payout ratio  is currently 93.43%. </p><h2>About Grupo Financiero Galicia</h2> (Free Report)<p>Grupo Financiero Galicia is a diversified financial services holding company headquartered in Buenos Aires, Argentina. As one of the country's largest private-sector financial institutions, the company provides a comprehensive suite of banking, insurance and investment products to individual, small-to-medium enterprise (SME) and corporate clients. Its operations span retail and commercial banking, asset management, leasing, factoring and pension fund administration.  </p><p>The core banking segment offers deposit and lending services, credit and debit cards, payment solutions and digital banking platforms.</p><h2>Read More</h2><ul><li>Five stocks we like better than Grupo Financiero Galicia</li><li>The gold chart Wall Street is terrified of…</li><li>America’s 1776 happening again</li><li>What a Former CIA Agent Knows About the Coming Collapse</li><li>Unlocked: Elon Musk’s Next Big IPO</li><li>Elon Musk already made me a “wealthy man”</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9R0dBTA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9R0dBTA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Grupo Financiero Galicia Right Now?</h2><p>Before you consider Grupo Financiero Galicia, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Grupo Financiero Galicia wasn't on the list.</p><p>While Grupo Financiero Galicia currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

GGAL

<p>SPX Gestao de Recursos Ltda reduced its stake in Grupo Financiero Galicia S.A. by 91.9% in Q3, holding 30,000 shares after selling 338,261 shares. Other institutional investors also adjusted their positions. Analysts have mixed ratings on GGAL, with a consensus rating of "Hold" and a target price of $65.50. The stock is currently trading at $41.74, down 3.4%. Grupo Financiero Galicia declared a monthly dividend of $0.1541, up from $0.15, with a yield of 4.4%.</p>

SPX Gestao de Recursos Ltda Cuts Stake in Grupo Financiero Galicia S.A. $GGAL