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.
ILLEGAL ACTIVITY WARNING: This piece of content was first posted by Transcript Daily and is the property of of Transcript Daily. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of international copyright laws. The original version of this piece of content can be accessed at https://transcriptdaily.com/2019/02/12/financial-gravity-companies-inc-takes-position-in-grupo-supervielle-sa-adr-supv.html.
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)?
Want to see what other hedge funds are holding SUPV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grupo Supervielle SA -ADR (NYSE:SUPV).
Receive News & Ratings for Grupo Supervielle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Supervielle and related companies with MarketBeat.com's FREE daily email newsletter.