Grupo Supervielle (NYSE:SUPV) Stock Rating Lowered by Zacks Research

Grupo Supervielle (NYSE:SUPV) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. lowered their price target on shares of Grupo Supervielle from $12.00 to $11.00 and set a “neutral” rating for the company in a report on Thursday, February 19th. Bank of America restated a “neutral” rating on shares of Grupo Supervielle in a research report on Wednesday, November 26th. UBS Group initiated coverage on shares of Grupo Supervielle in a report on Wednesday, November 19th. They set a “neutral” rating and a $13.00 target price for the company. Itau BBA Securities initiated coverage on Grupo Supervielle in a research note on Wednesday, December 10th. They issued an “outperform” rating and a $15.00 target price on the stock. Finally, Wall Street Zen downgraded Grupo Supervielle from a “hold” rating to a “strong sell” rating in a report on Monday. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $13.00.

Grupo Supervielle Trading Down 0.1%

SUPV traded down $0.01 on Tuesday, hitting $10.46. 144,237 shares of the company were exchanged, compared to its average volume of 1,029,169. The firm has a fifty day simple moving average of $11.40 and a two-hundred day simple moving average of $9.61. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.96 and a current ratio of 0.96. Grupo Supervielle has a 12 month low of $4.54 and a 12 month high of $17.02. The stock has a market capitalization of $915.77 million, a PE ratio of 87.17, a price-to-earnings-growth ratio of 14.93 and a beta of 1.71.

Grupo Supervielle (NYSE:SUPV) last announced its quarterly earnings data on Tuesday, November 25th. The company reported ($0.43) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.46). Grupo Supervielle had a net margin of 0.69% and a return on equity of 1.15%. The company had revenue of $178.38 million during the quarter, compared to the consensus estimate of $252.85 billion. Sell-side analysts expect that Grupo Supervielle will post 1.5 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SUPV. Millennium Management LLC lifted its stake in shares of Grupo Supervielle by 46.3% in the 1st quarter. Millennium Management LLC now owns 752,124 shares of the company’s stock valued at $9,823,000 after purchasing an additional 238,064 shares during the period. Goldman Sachs Group Inc. raised its holdings in Grupo Supervielle by 38.8% in 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 in the last quarter. Y Intercept Hong Kong Ltd raised 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 worth $405,000 after purchasing an additional 25,340 shares in the last quarter. Titan Global Capital Management USA LLC lifted its position in Grupo Supervielle by 5.3% during the second quarter. Titan Global Capital Management USA LLC now owns 54,048 shares of the company’s stock valued at $572,000 after buying an additional 2,711 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in shares of Grupo Supervielle by 29.3% during the 2nd quarter. Cetera Investment Advisers now owns 26,500 shares of the company’s stock valued at $281,000 after buying an additional 6,000 shares in the last quarter.

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.