Grupo Supervielle (SUPV) Rating Increased to Hold at Zacks Investment Research
Grupo Supervielle (NYSE:SUPV) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.
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. “
SUPV has been the subject of a number of other research reports. BidaskClub cut shares of Grupo Supervielle from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. J P Morgan Chase & Co assumed coverage on shares of Grupo Supervielle in a research note on Tuesday, November 21st. They issued an “overweight” rating and a $29.00 price objective for the company. Finally, UBS increased their price objective on shares of Grupo Supervielle from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, September 21st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $26.33.
Grupo Supervielle (NYSE:SUPV) opened at $28.70 on Wednesday. Grupo Supervielle has a one year low of $11.97 and a one year high of $30.26. The stock has a market cap of $2,147.15, a price-to-earnings ratio of 16.49, a PEG ratio of 0.73 and a beta of -1.13. The company has a quick ratio of 1.59, a current ratio of 1.53 and a debt-to-equity ratio of 0.67.
Several hedge funds have recently made changes to their positions in SUPV. Investec Asset Management LTD grew its holdings in shares of Grupo Supervielle by 177.8% in the 3rd quarter. Investec Asset Management LTD now owns 908,587 shares of the company’s stock worth $22,433,000 after purchasing an additional 581,487 shares during the last quarter. Commonwealth Bank of Australia grew its holdings in shares of Grupo Supervielle by 257.0% in the 3rd quarter. Commonwealth Bank of Australia now owns 10,755 shares of the company’s stock worth $264,000 after purchasing an additional 7,742 shares during the last quarter. Carmignac Gestion grew its holdings in shares of Grupo Supervielle by 414.4% in the 3rd quarter. Carmignac Gestion now owns 2,510,723 shares of the company’s stock worth $61,990,000 after purchasing an additional 2,022,664 shares during the last quarter. Artisan Partners Limited Partnership grew its holdings in shares of Grupo Supervielle by 10.7% in the 3rd quarter. Artisan Partners Limited Partnership now owns 829,949 shares of the company’s stock worth $20,491,000 after purchasing an additional 80,176 shares during the last quarter. Finally, Stifel Financial Corp bought a new stake in shares of Grupo Supervielle in the 3rd quarter worth about $1,397,000. 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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