Grupo Supervielle (NYSE:SUPV) Price Target Cut to $11.00 by Analysts at JPMorgan Chase & Co.

Grupo Supervielle (NYSE:SUPV) had its price target reduced by JPMorgan Chase & Co. from $12.00 to $11.00 in a report released on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other equities analysts also recently issued research reports about the company. Citigroup raised Grupo Supervielle from a “neutral” rating to a “buy” rating in a research report on Monday, November 3rd. Itau BBA Securities began coverage on shares of Grupo Supervielle in a research note on Wednesday, December 10th. They issued an “outperform” rating and a $15.00 price objective for the company. Bank of America reissued a “neutral” rating on shares of Grupo Supervielle in a research report on Wednesday, November 26th. UBS Group began coverage on shares of Grupo Supervielle in a report on Wednesday, November 19th. They issued a “neutral” rating and a $13.00 price target for the company. Finally, Weiss Ratings downgraded shares of Grupo Supervielle from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday, January 20th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $13.00.

Grupo Supervielle Price Performance

Shares of SUPV stock opened at $10.92 on Thursday. The company has a market capitalization of $955.78 million, a P/E ratio of 90.98, a P/E/G ratio of 11.49 and a beta of 1.71. The company’s 50-day simple moving average is $11.45 and its two-hundred day simple moving average is $9.63. Grupo Supervielle has a one year low of $4.54 and a one year high of $17.02. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.96 and a quick ratio of 0.96.

Grupo Supervielle (NYSE:SUPV) last announced its quarterly earnings results on Tuesday, November 25th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.46). Grupo Supervielle had a net margin of 0.69% and a return on equity of 1.15%. The firm had revenue of $178.38 million during the quarter, compared to analysts’ expectations of $252.85 billion. As a group, equities analysts anticipate that Grupo Supervielle will post 1.5 EPS for the current year.

Hedge Funds Weigh In On Grupo Supervielle

Institutional investors have recently bought and sold shares of the business. Millennium Management LLC lifted its stake in Grupo Supervielle by 46.3% during the 1st quarter. Millennium Management LLC now owns 752,124 shares of the company’s stock valued at $9,823,000 after acquiring an additional 238,064 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Grupo Supervielle by 38.8% during the first quarter. Goldman Sachs Group Inc. now owns 136,881 shares of the company’s stock worth $1,788,000 after purchasing an additional 38,247 shares during the last quarter. Sparta 24 Ltd. acquired a new position in Grupo Supervielle during the second quarter valued at $27,000. Y Intercept Hong Kong Ltd boosted its holdings in Grupo Supervielle by 197.0% in the second quarter. Y Intercept Hong Kong Ltd now owns 38,202 shares of the company’s stock valued at $405,000 after purchasing an additional 25,340 shares during the last quarter. Finally, Titan Global Capital Management USA LLC grew its position in Grupo Supervielle by 5.3% during the 2nd quarter. Titan Global Capital Management USA LLC now owns 54,048 shares of the company’s stock worth $572,000 after purchasing an additional 2,711 shares during the period.

Grupo Supervielle Company Profile

Grupo Supervielle (NYSE: SUPV) is a diversified Argentine financial services holding company headquartered in Buenos Aires. Through its principal subsidiary, Banco Supervielle, the group offers retail and commercial banking products including checking and savings accounts, consumer and corporate loans, credit and debit cards, treasury services and foreign exchange solutions. These services cater to individual customers, small and medium-sized enterprises and larger corporates throughout Argentina’s provincial and urban centers.

Beyond traditional banking, Grupo Supervielle operates in insurance and asset management.