Grupo Supervielle (NYSE:SUPV) Trading 8.1% Higher – Here’s What Happened

Grupo Supervielle S.A. (NYSE:SUPV) shares were up 8.1% during trading on Friday . The stock traded as high as $8.32 and last traded at $8.27. 819,280 shares changed hands during trading, a decline of 1% from the average session volume of 827,491 shares. The stock had previously closed at $7.65.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. UBS Group reduced their price objective on shares of Grupo Supervielle from $13.00 to $11.50 and set a “neutral” rating for the company in a research note on Friday, July 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Grupo Supervielle in a research report on Wednesday, July 15th. Wall Street Zen upgraded Grupo Supervielle from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Zacks Research raised Grupo Supervielle from a “strong sell” rating to a “hold” rating in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. raised their price objective on Grupo Supervielle from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned 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.

Grupo Supervielle Trading Up 4.1%

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 company has a 50-day moving average price of $9.51 and a 200-day moving average price of $9.38. The company has a market capitalization of $696.90 million, a price-to-earnings ratio of -12.63 and a beta of 1.60.

Grupo Supervielle (NYSE:SUPV) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $0.10 earnings per share for the quarter. Grupo Supervielle had a negative return on equity of 2.71% and a negative net margin of 3.60%.The business had revenue of $233.55 million during the quarter. Research analysts predict that Grupo Supervielle S.A. will post 0.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SUPV. Wells Fargo & Company MN acquired a new stake in Grupo Supervielle during the fourth quarter worth $55,000. Van ECK Associates Corp increased its holdings in Grupo Supervielle by 101.5% in the 4th quarter. Van ECK Associates Corp now owns 9,265 shares of the company’s stock valued at $110,000 after buying an additional 4,666 shares during the period. Titan Global Capital Management USA LLC raised its stake in shares of 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 buying an additional 5,245 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Grupo Supervielle by 29.3% in the 2nd quarter. Cetera Investment Advisers now owns 26,500 shares of the company’s stock valued at $281,000 after buying an additional 6,000 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Grupo Supervielle by 285.5% in the 1st quarter. Bank of America Corp DE now owns 19,397 shares of the company’s stock valued at $183,000 after buying an additional 14,365 shares in the last quarter.

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.