Grupo Financiero Galicia Sees Unusually Large Options Volume (NASDAQ:GGAL)

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) was the target of unusually large options trading on Friday. Stock traders bought 9,379 put options on the stock. This is an increase of approximately 206% compared to the average daily volume of 3,062 put options.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a research report on Wednesday, April 17th.

Grupo Financiero Galicia Stock Up 4.1 %

Shares of GGAL stock traded up $1.21 during trading hours on Friday, reaching $30.70. The company had a trading volume of 967,733 shares, compared to its average volume of 1,017,205. The business has a fifty day simple moving average of $25.27 and a 200-day simple moving average of $19.17. Grupo Financiero Galicia has a 12 month low of $10.57 and a 12 month high of $31.85.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC grew its stake in shares of Grupo Financiero Galicia by 1.2% during the 3rd quarter. Hsbc Holdings PLC now owns 255,668 shares of the bank’s stock worth $3,370,000 after acquiring an additional 3,116 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Grupo Financiero Galicia by 62.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 421,468 shares of the bank’s stock valued at $7,277,000 after purchasing an additional 161,684 shares in the last quarter. Dfpg Investments LLC boosted its position in shares of Grupo Financiero Galicia by 49.8% during the 4th quarter. Dfpg Investments LLC now owns 24,737 shares of the bank’s stock valued at $415,000 after acquiring an additional 8,224 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Grupo Financiero Galicia during the 4th quarter valued at $2,924,000. Finally, Aigen Investment Management LP purchased a new stake in Grupo Financiero Galicia in the third quarter worth approximately $203,000.

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.