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

Shares of Grupo Supervielle S.A. (NYSE:SUPV) have earned an average recommendation of “Hold” from the seven analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $13.1667.

A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of Grupo Supervielle from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. increased their price objective on Grupo Supervielle from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. Weiss Ratings restated a “sell (d)” rating on shares of Grupo Supervielle in a research note on Wednesday, July 15th. UBS Group lowered their price target on Grupo Supervielle from $13.00 to $11.50 and set a “neutral” rating for the company in a report on Friday, July 10th. Finally, Wall Street Zen raised shares of Grupo Supervielle from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd.

Grupo Supervielle Stock Up 0.2%

SUPV stock opened at $9.54 on Monday. The company’s 50 day moving average price is $9.64 and its 200 day moving average price is $9.75. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.00 and a current ratio of 1.00. Grupo Supervielle has a fifty-two week low of $4.54 and a fifty-two week high of $13.55. The firm has a market capitalization of $834.88 million, a price-to-earnings ratio of -16.16 and a beta of 1.58.

Hedge Funds Weigh In On Grupo Supervielle

Several hedge funds have recently made changes to their positions in the company. Bank of America Corp DE grew its stake in Grupo Supervielle by 285.5% during the 1st quarter. Bank of America Corp DE now owns 19,397 shares of the company’s stock worth $183,000 after buying an additional 14,365 shares during the last quarter. Titan Global Capital Management USA LLC increased its position in Grupo Supervielle by 5.7% in the 1st quarter. Titan Global Capital Management USA LLC now owns 96,768 shares of the company’s stock valued at $912,000 after acquiring an additional 5,245 shares during the period. Deltec Asset Management LLC acquired a new position in Grupo Supervielle in the 1st quarter valued at about $438,000. PointState Capital LP raised its stake in Grupo Supervielle by 81.5% during the 4th quarter. PointState Capital LP now owns 1,519,056 shares of the company’s stock valued at $17,955,000 after acquiring an additional 682,294 shares during the last quarter. Finally, State of Wisconsin Investment Board acquired a new stake in Grupo Supervielle during the 4th quarter worth approximately $1,192,000.

Grupo Supervielle Company Profile

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.