Grupo Supervielle’s (SUPV) Neutral Rating Reiterated at Bank of America

Bank of America reissued their neutral rating on shares of Grupo Supervielle (NYSE:SUPV) in a research report released on Wednesday morning, MarketBeat Ratings reports.

A number of other equities research analysts also recently commented on SUPV. Weiss Ratings reiterated a “hold (c-)” rating on shares of Grupo Supervielle in a research report on Wednesday, November 19th. Wall Street Zen raised Grupo Supervielle from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. JPMorgan Chase & Co. raised shares of Grupo Supervielle from an “underweight” rating to a “neutral” rating and raised their target price for the company from $5.00 to $12.00 in a report on Tuesday, October 28th. UBS Group began coverage on shares of Grupo Supervielle in a research report on Wednesday, November 19th. They issued a “neutral” rating and a $13.00 price target on the stock. Finally, Zacks Research upgraded shares of Grupo Supervielle from a “strong sell” rating to a “hold” rating in a research report on Monday, November 24th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $14.67.

Grupo Supervielle Price Performance

Shares of NYSE:SUPV opened at $11.24 on Wednesday. The firm has a market cap of $984.02 million, a price-to-earnings ratio of 17.03, a P/E/G ratio of 23.32 and a beta of 1.66. The firm has a fifty day moving average price of $8.51 and a 200 day moving average price of $9.83. Grupo Supervielle has a fifty-two week low of $4.54 and a fifty-two week high of $19.75. 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 (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 4.08% and a return on equity of 6.82%. The company had revenue of $178.38 million during the quarter, compared to the consensus estimate of $252.85 billion. As a group, sell-side analysts expect that Grupo Supervielle will post 1.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SUPV. Mak Capital One LLC increased its position in Grupo Supervielle by 36.7% during the third quarter. Mak Capital One LLC now owns 4,000,000 shares of the company’s stock valued at $19,800,000 after acquiring an additional 1,074,732 shares during the last quarter. PointState Capital LP boosted its stake in shares of Grupo Supervielle by 30.1% during the 1st quarter. PointState Capital LP now owns 2,467,243 shares of the company’s stock worth $32,222,000 after purchasing an additional 570,523 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Grupo Supervielle by 16.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,634,873 shares of the company’s stock valued at $21,351,000 after purchasing an additional 225,486 shares during the last quarter. Sparta 24 Ltd. raised its position in Grupo Supervielle by 39,572.6% in the 3rd quarter. Sparta 24 Ltd. now owns 1,002,526 shares of the company’s stock worth $4,963,000 after purchasing an additional 999,999 shares during the period. Finally, Millennium Management LLC raised its position in Grupo Supervielle by 7.0% in the 3rd quarter. Millennium Management LLC now owns 876,252 shares of the company’s stock worth $4,337,000 after purchasing an additional 57,040 shares during the period.

Grupo Supervielle Company Profile

Grupo Supervielle SA, a financial services holding company, provides various banking products and services in Argentina. The company operates through Personal & Business Banking, Corporate Banking, Bank Treasury, Consumer Finance, Insurance, and Asset Management and Other Services segments. It offers savings accounts, time and demand deposits, and checking accounts; various loan products, including personal, consumer, mortgage, unsecured, and car loans; overdrafts; loans with special facilities for project and working capital financing; and leasing, bank guarantees for tenants, salary advances, domestic and international factoring, international guarantees and letters of credit, payroll payment plans, credit and debit cards, and senior citizens benefit payment services, as well as financial services and investments, such as mutual funds and guarantees.