Financial Gravity Companies Inc. Takes Position in Grupo Supervielle SA -ADR (SUPV)

Financial Gravity Companies Inc. purchased a new stake in shares of Grupo Supervielle SA -ADR (NYSE:SUPV) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 6,299 shares of the company’s stock, valued at approximately $67,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Grupo Supervielle by 0.5% during the second quarter. BlackRock Inc. now owns 2,555,742 shares of the company’s stock valued at $27,041,000 after buying an additional 12,608 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Grupo Supervielle during the second quarter valued at approximately $2,181,000. Deltec Asset Management LLC grew its stake in shares of Grupo Supervielle by 49.1% during the third quarter. Deltec Asset Management LLC now owns 191,999 shares of the company’s stock valued at $1,473,000 after buying an additional 63,210 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Grupo Supervielle by 31.4% during the third quarter. Russell Investments Group Ltd. now owns 240,666 shares of the company’s stock valued at $1,975,000 after buying an additional 57,532 shares during the last quarter. Finally, Pelham Global Financials Ltd. grew its stake in shares of Grupo Supervielle by 31.7% during the third quarter. Pelham Global Financials Ltd. now owns 1,315,338 shares of the company’s stock valued at $10,089,000 after buying an additional 316,275 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE SUPV opened at $10.82 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $785.08 million, a P/E ratio of 5.76, a PEG ratio of 7.94 and a beta of 0.23. Grupo Supervielle SA -ADR has a 52-week low of $4.91 and a 52-week high of $33.37.

Grupo Supervielle (NYSE:SUPV) last announced its quarterly earnings results on Thursday, November 15th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.12. The firm had revenue of $143.74 million during the quarter, compared to analyst estimates of $155.26 million. Grupo Supervielle had a return on equity of 17.33% and a net margin of 9.93%. Analysts anticipate that Grupo Supervielle SA -ADR will post 0.95 EPS for the current year.

A number of research firms have recently commented on SUPV. Santander cut Grupo Supervielle from a “buy” rating to an “underperform” rating and upped their target price for the company from $18.00 to $18.40 in a research note on Thursday, November 15th. Zacks Investment Research raised Grupo Supervielle from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. Finally, Citigroup cut Grupo Supervielle from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 8th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $11.10.

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Grupo Supervielle Company Profile

Grupo Supervielle SA, a financial services holding company, provides banking products and services in Argentina. The company operates through Retail Banking, Corporate Banking, Treasury, Consumer Finance, Insurance, and Asset Management & Other Services segments. It accepts deposit accounts; and offers personal loans, foreign trade finance, and loans to the middle and lower-middle-income sectors.

Further Reading: How Do You Calculate Return on Equity (ROE)?

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Institutional Ownership by Quarter for Grupo Supervielle (NYSE:SUPV)

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