Grupo Supervielle S.A. (NYSE:SUPV) Receives Average Recommendation of “Hold” from Brokerages

Grupo Supervielle S.A. (NYSE:SUPV) has earned an average recommendation of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $13.1667.

A number of research firms have issued reports on SUPV. Weiss Ratings reiterated a “sell (d)” rating on shares of Grupo Supervielle in a research note on Wednesday, July 15th. Wall Street Zen raised Grupo Supervielle from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. JPMorgan Chase & Co. boosted their price objective on Grupo Supervielle from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. Zacks Research upgraded Grupo Supervielle from a “strong sell” rating to a “hold” rating in a report on Thursday, May 7th. Finally, UBS Group dropped their price target on shares of Grupo Supervielle from $13.00 to $11.50 and set a “neutral” rating on the stock in a research report on Friday, July 10th.

Grupo Supervielle Price Performance

SUPV stock opened at $7.64 on Friday. The company has a market capitalization of $668.88 million, a PE ratio of -12.13 and a beta of 1.60. The stock’s 50 day moving average is $9.51 and its two-hundred day moving average is $9.38. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.65. Grupo Supervielle has a 52-week low of $4.54 and a 52-week high of $13.55.

Grupo Supervielle (NYSE:SUPV) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.10 EPS for the quarter. Grupo Supervielle had a negative net margin of 3.60% and a negative return on equity of 2.71%. The firm had revenue of $233.55 million during the quarter. Analysts predict that Grupo Supervielle will post 0.53 earnings per share for the current fiscal year.

Institutional Trading of Grupo Supervielle

Several institutional investors and hedge funds have recently added to or reduced their stakes in SUPV. Wells Fargo & Company MN acquired a new position in Grupo Supervielle in the fourth quarter worth approximately $55,000. Van ECK Associates Corp raised its position in shares of Grupo Supervielle by 101.5% during the fourth quarter. Van ECK Associates Corp now owns 9,265 shares of the company’s stock worth $110,000 after purchasing an additional 4,666 shares during the period. Banco BTG Pactual S.A. purchased a new stake in shares of Grupo Supervielle during the fourth quarter valued at $211,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Grupo Supervielle during the third quarter valued at $91,000. Finally, Bank of America Corp DE boosted its position in shares of Grupo Supervielle by 285.5% in the 1st quarter. Bank of America Corp DE now owns 19,397 shares of the company’s stock valued at $183,000 after purchasing an additional 14,365 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.