Zacks Investment Research Lowers Grupo Supervielle (SUPV) to Sell

Grupo Supervielle (NYSE:SUPV) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Friday.

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. “

Other equities research analysts have also issued research reports about the company. BidaskClub lowered Grupo Supervielle from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. UBS Group lifted their price target on Grupo Supervielle from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, September 21st. Finally, JPMorgan Chase & Co. began coverage on Grupo Supervielle in a research note on Tuesday, November 21st. They set an “overweight” rating and a $29.00 price target for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $26.33.

Shares of Grupo Supervielle (NYSE:SUPV) traded up $0.35 during mid-day trading on Friday, reaching $30.28. The company’s stock had a trading volume of 421,500 shares, compared to its average volume of 396,767. Grupo Supervielle has a 52-week low of $13.30 and a 52-week high of $30.60. The company has a market capitalization of $2,177.71, a price-to-earnings ratio of 16.92, a P/E/G ratio of 0.58 and a beta of -1.18.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Commonwealth Bank of Australia increased its holdings in shares of Grupo Supervielle by 257.0% in the third quarter. Commonwealth Bank of Australia now owns 10,755 shares of the company’s stock worth $264,000 after buying an additional 7,742 shares during the period. Invictus RG purchased a new position in shares of Grupo Supervielle in the third quarter worth about $413,000. Stifel Financial Corp purchased a new position in shares of Grupo Supervielle in the third quarter worth about $1,397,000. Jane Street Group LLC purchased a new position in shares of Grupo Supervielle in the third quarter worth about $2,618,000. Finally, Graticule Asia Macro Advisors LLC increased its holdings in shares of Grupo Supervielle by 6.0% in the third quarter. Graticule Asia Macro Advisors LLC now owns 175,680 shares of the company’s stock worth $4,338,000 after buying an additional 10,000 shares during the period. Hedge funds and other institutional investors own 58.83% of the company’s stock.

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Grupo Supervielle 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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