Grupo Supervielle (SUPV) Stock Rating Lowered by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Grupo Supervielle (NYSE:SUPV) from an overweight rating to a neutral rating in a report issued on Friday, Marketbeat reports. The firm currently has $9.00 price objective on the stock.

Several other analysts also recently commented on SUPV. Santander raised shares of Grupo Supervielle from a hold rating to a buy rating in a report on Friday, May 11th. Zacks Investment Research downgraded shares of Grupo Supervielle from a hold rating to a strong sell rating in a report on Tuesday, June 19th. ValuEngine downgraded shares of Grupo Supervielle from a hold rating to a sell rating in a report on Friday, June 15th. Finally, UBS Group downgraded shares of Grupo Supervielle from a neutral rating to a sell rating in a report on Monday, June 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Grupo Supervielle currently has a consensus rating of Hold and a consensus target price of $23.67.

SUPV stock opened at $6.09 on Friday. The firm has a market capitalization of $444.56 million, a PE ratio of 3.38, a price-to-earnings-growth ratio of 0.15 and a beta of 0.82. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.05. Grupo Supervielle has a 12 month low of $5.91 and a 12 month high of $33.85.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Grupo Supervielle by 0.5% in the 2nd quarter. BlackRock Inc. now owns 2,555,742 shares of the company’s stock valued at $27,041,000 after acquiring an additional 12,608 shares during the last quarter. Artisan Partners Limited Partnership boosted its holdings in shares of Grupo Supervielle by 32.4% in the 1st quarter. Artisan Partners Limited Partnership now owns 1,580,855 shares of the company’s stock valued at $47,963,000 after acquiring an additional 386,985 shares during the last quarter. FMR LLC boosted its holdings in shares of Grupo Supervielle by 86.0% in the 2nd quarter. FMR LLC now owns 1,477,916 shares of the company’s stock valued at $15,636,000 after acquiring an additional 683,300 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Grupo Supervielle by 13.3% in the 2nd quarter. Van ECK Associates Corp now owns 1,243,886 shares of the company’s stock valued at $13,160,000 after acquiring an additional 146,000 shares during the last quarter. Finally, Pelham Global Financials Ltd. boosted its holdings in shares of Grupo Supervielle by 27.3% in the 2nd quarter. Pelham Global Financials Ltd. now owns 999,063 shares of the company’s stock valued at $10,570,000 after acquiring an additional 214,500 shares during the last quarter. 45.69% of the stock is currently owned by institutional investors and hedge funds.

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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