Grupo Supervielle S.A. (NYSE:SUPV) Given Consensus Rating of “Hold” by Analysts

Grupo Supervielle S.A. (NYSE:SUPV) has received a consensus rating of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $13.00.

SUPV has been the subject of a number of research analyst reports. Zacks Research lowered shares of Grupo Supervielle from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th. JPMorgan Chase & Co. decreased their price objective on shares of Grupo Supervielle from $12.00 to $11.00 and set a “neutral” rating for the company in a report on Thursday, February 19th. Wall Street Zen lowered shares of Grupo Supervielle from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Grupo Supervielle in a report on Friday, April 17th.

Institutional Investors Weigh In On Grupo Supervielle

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SUPV. Millennium Management LLC lifted its holdings in Grupo Supervielle by 46.3% during the 1st quarter. Millennium Management LLC now owns 752,124 shares of the company’s stock valued at $9,823,000 after buying an additional 238,064 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in 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 in the last quarter. Cetera Investment Advisers lifted its holdings in 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 in the last quarter. Jump Financial LLC lifted its holdings in Grupo Supervielle by 19.4% during 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 bought a new stake in Grupo Supervielle during the 2nd quarter valued at about $2,568,000.

Grupo Supervielle Price Performance

SUPV stock opened at $8.99 on Friday. Grupo Supervielle has a 12 month low of $4.54 and a 12 month high of $16.90. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average price of $9.31 and a 200 day moving average price of $10.14. The stock has a market cap of $787.42 million, a PE ratio of -24.98 and a beta of 1.78.

Grupo Supervielle (NYSE:SUPV) last released its quarterly earnings results on Sunday, February 15th. The company reported ($0.03) EPS for the quarter. Grupo Supervielle had a negative return on equity of 3.99% and a negative net margin of 2.18%.The firm had revenue of $145.40 million for the quarter. Equities research analysts anticipate that Grupo Supervielle will post 0.6 earnings per share for the current year.

About Grupo Supervielle

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.