Grupo Supervielle SA -ADR (SUPV) Rating Increased to Strong-Buy at Zacks Investment Research
Grupo Supervielle SA -ADR (NASDAQ:SUPV) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday. The brokerage currently has a $16.00 price objective on the stock. Zacks Investment Research’s price objective would indicate a potential upside of 11.89% from the stock’s current price.
According to Zacks, “Grupo Supervielle SA is a private domestically-owned financial group primarily in Argentina. The Company owns Banco Supervielle S.A., an Argentine private domestically-owned bank which operates primary in the City of Buenos Aires and the Greater Buenos Aires metropolitan area, Mendoza and San Luis. Grupo Supervielle SA is based in Bueno Aires, Argentina. “
Shares of Grupo Supervielle SA -ADR (NASDAQ:SUPV) opened at 14.30 on Wednesday. The stock’s 50 day moving average is $13.64 and its 200 day moving average is $13.97. The firm has a market cap of $5.20 billion and a P/E ratio of 39.07. Grupo Supervielle SA -ADR has a 12 month low of $10.00 and a 12 month high of $16.16.
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Hedge funds and other institutional investors have recently modified their holdings of the company. Pelham Capital Ltd. raised its position in shares of Grupo Supervielle SA -ADR by 0.7% in the third quarter. Pelham Capital Ltd. now owns 327,200 shares of the company’s stock valued at $4,846,000 after buying an additional 2,200 shares during the last quarter. BlackRock Investment Management LLC increased its stake in Grupo Supervielle SA -ADR by 6.5% in the third quarter. BlackRock Investment Management LLC now owns 45,971 shares of the company’s stock worth $681,000 after buying an additional 2,800 shares during the last quarter. BlackRock Inc. increased its stake in Grupo Supervielle SA -ADR by 13.0% in the third quarter. BlackRock Inc. now owns 63,637 shares of the company’s stock worth $942,000 after buying an additional 7,300 shares during the last quarter. BlackRock Advisors LLC increased its stake in Grupo Supervielle SA -ADR by 2.2% in the third quarter. BlackRock Advisors LLC now owns 360,982 shares of the company’s stock worth $5,346,000 after buying an additional 7,600 shares during the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in Grupo Supervielle SA -ADR during the second quarter worth $154,000.
Grupo Supervielle SA -ADR Company Profile
Grupo Supervielle SA is an Argentina-based holding company primarily engaged in the financial sector. The Company provides services through numerous subsidiaries, such as Banco Supervielle SA, that offers bank services, mainly to individuals and commercial customers; Cordial Compania Financiera SA, which focuses on credit card issuing, as well as providing consumer loans and insurance for Wal-Mart Argentina customers; Tarjeta Automatica SA, which issues and administrates credit cards; Cordial Microfinanzas SA, that offers financing for urban micro-enterprises; Supervielle Seguros SA, which sells insurance products; Supervielle Asset Management Sociedad Gerente de FCI SA, which manages investment funds, and Espacio Cordial Servicios SA, that distributes audio and video equipment, computers, home appliance and air conditioning units, among others.
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