Investec Asset Management LTD Buys 581,487 Shares of Grupo Supervielle S.A. (SUPV)
Investec Asset Management LTD boosted its stake in shares of Grupo Supervielle S.A. (NYSE:SUPV) by 177.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 908,587 shares of the company’s stock after acquiring an additional 581,487 shares during the period. Investec Asset Management LTD owned 1.25% of Grupo Supervielle worth $22,433,000 at the end of the most recent reporting period.
Grupo Supervielle S.A. (NYSE SUPV) traded down $0.55 during trading on Thursday, reaching $26.55. The company’s stock had a trading volume of 317,700 shares, compared to its average volume of 317,288. Grupo Supervielle S.A. has a 12-month low of $11.97 and a 12-month high of $28.12. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.59 and a current ratio of 1.40. The company has a market cap of $1,971.80, a price-to-earnings ratio of 15.14, a PEG ratio of 0.64 and a beta of -0.91.
SUPV has been the topic of a number of recent research reports. BidaskClub lowered Grupo Supervielle from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Zacks Investment Research upgraded Grupo Supervielle from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. UBS raised their price objective 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, J P Morgan Chase & Co initiated coverage on Grupo Supervielle in a research note on Tuesday, November 21st. They set an “overweight” rating and a $29.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $26.33.
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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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