<div id="readability-page-1"><p>Chesapeake Asset Management LLC reduced its position in  Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report) by 33.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,883 shares of the bank's stock after selling 19,441 shares during the quarter. Grupo Financiero Galicia makes up  about  1.0% of Chesapeake Asset Management LLC's investment portfolio, making the stock its 23rd largest holding. Chesapeake Asset Management LLC's holdings in Grupo Financiero Galicia were worth $1,077,000 at the end of the most recent reporting period.</p><p>Several other institutional investors and hedge funds have also recently modified their holdings of GGAL. SBI Securities Co. Ltd. lifted its stake in shares of  Grupo Financiero Galicia by 240.5% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,202 shares of the bank's stock valued at $61,000 after buying an additional 849 shares in the last quarter.  Raymond James Financial Inc. bought a new stake in  Grupo Financiero Galicia during the second quarter valued at about $151,000.  Blue Trust Inc. lifted its position in shares of  Grupo Financiero Galicia by 184.7% in the second quarter. Blue Trust Inc. now owns 3,528 shares of the bank's stock valued at $178,000 after acquiring an additional 2,289 shares in the last quarter.  Bayforest Capital Ltd bought a new position in shares of  Grupo Financiero Galicia in the second quarter worth about $269,000.  Finally, Vontobel Holding Ltd. boosted its stake in shares of  Grupo Financiero Galicia by 171.4% in the third quarter. Vontobel Holding Ltd. now owns 11,227 shares of the bank's stock worth $309,000 after acquiring an additional 7,091 shares during the period. </p><h2>Grupo Financiero Galicia Stock Up 2.4%</h2><p>NASDAQ GGAL opened at $55.59 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $8.20 billion, a P/E ratio of 28.08 and a beta of 1.45. Grupo Financiero Galicia S.A. has a one year low of $25.89 and a one year high of $74.00. The stock has a 50 day moving average price of $50.69 and a 200-day moving average price of $45.51. </p><h2>Grupo Financiero Galicia Increases Dividend</h2><p>The firm also recently disclosed a monthly dividend, which will be paid on Monday, January 5th. Shareholders of record on Monday, December 29th will be given a dividend of $0.1423 per share. This represents a c) annualized dividend and a yield of 3.1%. This is an increase from Grupo Financiero Galicia's previous monthly dividend of $0.14. The ex-dividend date is Monday, December 29th. Grupo Financiero Galicia's dividend payout ratio (DPR) is 85.35%. </p><h2>Analysts Set New Price Targets</h2><p>GGAL has been the topic of a number of research analyst reports. HSBC assumed coverage on Grupo Financiero Galicia in a report on Wednesday, October 1st. They issued a &#34;buy&#34; rating and a $60.00 price target on the stock. Citigroup upgraded shares of Grupo Financiero Galicia from a &#34;neutral&#34; rating to a &#34;buy&#34; rating in a research report on Monday, November 3rd. Weiss Ratings  restated a &#34;sell (d+)&#34; rating on shares of Grupo Financiero Galicia in a research report on Monday, December 22nd. JPMorgan Chase &amp; Co. raised shares of Grupo Financiero Galicia from a &#34;neutral&#34; rating to an &#34;overweight&#34; rating and raised their target price for the company from $46.00 to $75.00 in a research note on Tuesday, October 28th. Finally, UBS Group assumed coverage on shares of Grupo Financiero Galicia in a report on Wednesday, November 19th. They issued a &#34;hold&#34; rating and a $60.00 price target on the stock. One research analyst  has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned  a Hold rating and two have issued  a Sell rating to the stock. According to MarketBeat, the company  has a consensus rating of &#34;Hold&#34; and an average price target of $66.25.</p><p><b>Get Our Latest Research Report on GGAL</b></p><h2>Grupo Financiero Galicia Profile</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>Do not delete, read immediately</li><li>How the Rich Retire</li><li>INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off</li><li>How Long Will $1M Last in Retirement?</li><li>Buffett, Gates and Bezos Quietly Dumping Stocks—Here's Why</li></ul><p><strong>Want to see what other hedge funds are holding GGAL?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Free Report).</p><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>Chesapeake Asset Management LLC has reduced its stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) by 33.3% in Q3, now holding 38,883 shares valued at $1,077,000. The firm represents 1.0% of its portfolio. Other institutional investors have also adjusted their holdings. Grupo Financiero Galicia's stock rose 2.4% to $55.59, with a market cap of $8.20 billion. The company announced a dividend increase to $0.1423 per share, payable on January 5th. Analysts have set various price targets, with a consensus rating of "Hold" and an average target of $66.25.</p>

Chesapeake Asset Management LLC Lowers Stake in Grupo Financiero Galicia S.A. $GGAL