Grupo Supervielle (NYSE:SUPV) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday.
According to Zacks, “Grupo Supervielle SA is a private domestically-owned financial group primarily in Argentina. The Company owns Banco Supervielle S.A., an Argentine private domestically-owned bank which operates primary in the City of Buenos Aires and the Greater Buenos Aires metropolitan area, Mendoza and San Luis. Grupo Supervielle SA is based in Bueno Aires, Argentina. “
A number of other brokerages have also commented on SUPV. Bank of America lowered Grupo Supervielle from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $40.00 to $8.00 in a report on Thursday, August 30th. ValuEngine lowered Grupo Supervielle from a “hold” rating to a “sell” rating in a report on Friday, June 15th. Santander raised Grupo Supervielle from a “hold” rating to a “buy” rating in a report on Friday, May 11th. JPMorgan Chase & Co. lowered Grupo Supervielle from an “overweight” rating to a “neutral” rating and set a $9.00 price objective for the company. in a report on Friday, August 24th. Finally, UBS Group lowered Grupo Supervielle from a “neutral” rating to a “sell” rating in a report on Monday, June 25th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $19.75.
Shares of SUPV opened at $7.84 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.12 and a quick ratio of 1.15. The company has a market cap of $506.41 million, a price-to-earnings ratio of 4.35, a P/E/G ratio of 5.83 and a beta of -0.05. Grupo Supervielle has a 52 week low of $4.91 and a 52 week high of $33.85.
Several hedge funds and other institutional investors have recently made changes to their positions in SUPV. Wells Fargo & Company MN boosted its stake in shares of Grupo Supervielle by 52.0% in the 1st quarter. Wells Fargo & Company MN now owns 677,894 shares of the company’s stock worth $20,567,000 after buying an additional 231,881 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Grupo Supervielle in the 1st quarter worth approximately $428,000. American Century Companies Inc. boosted its stake in shares of Grupo Supervielle by 241.9% in the 1st quarter. American Century Companies Inc. now owns 566,368 shares of the company’s stock worth $17,184,000 after buying an additional 400,728 shares during the last quarter. Boston Partners purchased a new position in shares of Grupo Supervielle in the 1st quarter worth approximately $704,000. Finally, State of New Jersey Common Pension Fund D boosted its stake in shares of Grupo Supervielle by 108.6% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 75,588 shares of the company’s stock worth $2,293,000 after buying an additional 39,355 shares during the last quarter. Hedge funds and other institutional investors own 45.69% of the company’s stock.
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.
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