Grupo Supervielle (NYSE:SUPV) Shares Up 8.1% – Should You Buy?

Grupo Supervielle S.A. (NYSE:SUPV) traded up 8.1% during trading on Friday . The stock traded as high as $8.32 and last traded at $8.27. Approximately 819,280 shares were traded during trading, a decline of 1% from the average session volume of 827,491 shares. The stock had previously closed at $7.65.

Analyst Ratings Changes

SUPV has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on Grupo Supervielle from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Grupo Supervielle in a research note on Wednesday, July 15th. Zacks Research upgraded shares of Grupo Supervielle from a “strong sell” rating to a “hold” rating in a report on Thursday, May 7th. Wall Street Zen raised shares of Grupo Supervielle from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, UBS Group cut their price target on shares of Grupo Supervielle from $13.00 to $11.50 and set a “neutral” rating on the stock in a report on Friday, July 10th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $13.17.

Grupo Supervielle Trading Up 4.1%

The stock has a market cap of $696.90 million, a price-to-earnings ratio of -12.63 and a beta of 1.60. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.00 and a current ratio of 1.00. The company’s 50 day simple moving average is $9.51 and its two-hundred day simple moving average is $9.38.

Grupo Supervielle (NYSE:SUPV) last issued its earnings results on Tuesday, June 30th. The company reported $0.10 earnings per share (EPS) for the quarter. Grupo Supervielle had a negative net margin of 3.60% and a negative return on equity of 2.71%. The company had revenue of $233.55 million during the quarter. Research analysts expect that Grupo Supervielle S.A. will post 0.53 EPS for the current fiscal year.

Institutional Trading of Grupo Supervielle

Institutional investors have recently bought and sold shares of the company. Millennium Management LLC grew its stake in Grupo Supervielle by 46.3% in the first 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 in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Grupo Supervielle by 38.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 136,881 shares of the company’s stock valued at $1,788,000 after buying an additional 38,247 shares during the last quarter. Cetera Investment Advisers lifted 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 during the last quarter. Jump Financial LLC grew its stake in shares of Grupo Supervielle by 19.4% in the 2nd quarter. Jump Financial LLC now owns 132,156 shares of the company’s stock valued at $1,400,000 after buying an additional 21,471 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in Grupo Supervielle in the second quarter worth approximately $2,568,000.

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.