Deltec Asset Management LLC boosted its stake in shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 400.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 68,269 shares of the company’s stock after buying an additional 54,625 shares during the period. Deltec Asset Management LLC owned approximately 0.05% of Grupo Financiero Galicia worth $1,849,000 at the end of the most recent reporting period.

Separately, EQIS Capital Management purchased a new stake in shares of Grupo Financiero Galicia during the fourth quarter valued at $260,000.

Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) traded down 0.18% during mid-day trading on Friday, hitting $27.85. The stock had a trading volume of 308,363 shares. The stock has a market cap of $3.62 billion and a price-to-earnings ratio of 12.84. The firm’s 50-day moving average price is $25.95 and its 200 day moving average price is $22.60. Grupo Financiero Galicia S.A. has a 12-month low of $15.30 and a 12-month high of $29.25.

Separately, Zacks Investment Research lowered Grupo Financiero Galicia from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 20th.

Grupo Financiero Galicia SA (NASDAQ:GGAL) is a financial services holding company. Banco de Galicia y Buenos Aires SA (Banco Galicia) is the Company’s largest subsidiary. Banco Galicia is a bank that provides, directly or through its subsidiaries, a range of financial products and services to large corporations, small and medium sized companies (SMEs), and individuals.

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