Grupo Supervielle (NYSE:SUPV) Releases Earnings Results, Misses Expectations By $0.46 EPS

Grupo Supervielle (NYSE:SUPV) issued its quarterly earnings data on Tuesday. The company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.46), Zacks reports. Grupo Supervielle had a net margin of 4.08% and a return on equity of 6.82%. The firm had revenue of $178.38 million during the quarter, compared to analyst estimates of $252.85 billion.

Grupo Supervielle Trading Up 5.5%

Shares of NYSE:SUPV opened at $10.22 on Wednesday. Grupo Supervielle has a 52 week low of $4.54 and a 52 week high of $19.75. The company’s 50 day moving average is $8.16 and its two-hundred day moving average is $9.85. The company has a market cap of $905.17 million, a PE ratio of 15.49, a P/E/G ratio of 23.32 and a beta of 1.66. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.38.

Hedge Funds Weigh In On Grupo Supervielle

Several large investors have recently bought and sold shares of the business. Jump Financial LLC raised its stake in Grupo Supervielle by 339.2% in the third quarter. Jump Financial LLC now owns 580,486 shares of the company’s stock valued at $2,873,000 after buying an additional 448,330 shares in the last quarter. Verition Fund Management LLC raised its position in shares of Grupo Supervielle by 264.3% during the 3rd quarter. Verition Fund Management LLC now owns 532,789 shares of the company’s stock worth $2,637,000 after acquiring an additional 386,524 shares in the last quarter. UBS Group AG lifted its stake in Grupo Supervielle by 151.2% during the third quarter. UBS Group AG now owns 567,393 shares of the company’s stock worth $2,809,000 after purchasing an additional 341,539 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in Grupo Supervielle during the second quarter worth approximately $2,568,000. Finally, BNP Paribas Financial Markets increased its stake in Grupo Supervielle by 196.6% in the second quarter. BNP Paribas Financial Markets now owns 365,776 shares of the company’s stock valued at $3,874,000 after purchasing an additional 242,440 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages recently commented on SUPV. Zacks Research upgraded Grupo Supervielle from a “strong sell” rating to a “hold” rating in a report on Monday. Citigroup raised shares of Grupo Supervielle from a “neutral” rating to a “buy” rating in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Grupo Supervielle in a research note on Wednesday, November 19th. JPMorgan Chase & Co. upgraded shares of Grupo Supervielle from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $5.00 to $12.00 in a report on Tuesday, October 28th. Finally, Wall Street Zen upgraded shares of Grupo Supervielle from a “sell” rating to a “hold” rating in a research note on Saturday. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $14.67.

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.