Grupo Supervielle (NYSE:SUPV) Issues Earnings Results

Grupo Supervielle (NYSE:SUPV) issued its quarterly earnings results on Monday. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.16, Zacks reports. Grupo Supervielle had a negative return on equity of 4.40% and a negative net margin of 3.46%.

Grupo Supervielle Trading Down 1.4%

Shares of NYSE SUPV traded down $0.12 during mid-day trading on Monday, hitting $8.48. 1,034,552 shares of the company traded hands, compared to its average volume of 834,151. Grupo Supervielle has a 1 year low of $4.54 and a 1 year high of $13.55. The stock has a market capitalization of $742.42 million, a price-to-earnings ratio of -14.37 and a beta of 1.60. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.65. The business has a 50 day moving average of $9.82 and a two-hundred day moving average of $9.61.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Grupo Supervielle in a report on Wednesday, July 15th. Wall Street Zen upgraded shares of Grupo Supervielle from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Zacks Research raised shares of Grupo Supervielle from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 7th. UBS Group dropped their target price on shares of Grupo Supervielle from $13.00 to $11.50 and set a “neutral” rating on the stock in a report on Friday, July 10th. Finally, JPMorgan Chase & Co. increased their target price on shares of Grupo Supervielle from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $13.17.

Institutional Trading of Grupo Supervielle

Institutional investors and hedge funds have recently bought and sold shares of the stock. PointState Capital LP grew its position in Grupo Supervielle by 81.5% during the 4th quarter. PointState Capital LP now owns 1,519,056 shares of the company’s stock worth $17,955,000 after purchasing an additional 682,294 shares in the last quarter. Jump Financial LLC lifted its holdings in shares of 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 purchasing an additional 448,330 shares in the last quarter. Verition Fund Management LLC lifted its holdings in shares of Grupo Supervielle by 264.3% in the third quarter. Verition Fund Management LLC now owns 532,789 shares of the company’s stock valued at $2,637,000 after purchasing an additional 386,524 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Grupo Supervielle by 148.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 582,019 shares of the company’s stock worth $6,879,000 after buying an additional 348,195 shares during the period. Finally, UBS Group AG boosted its position in shares of Grupo Supervielle by 151.2% in the third quarter. UBS Group AG now owns 567,393 shares of the company’s stock worth $2,809,000 after buying an additional 341,539 shares during the period.

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.