Grupo Supervielle S.A. (NYSE:SUPV) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Grupo Supervielle S.A. (NYSE:SUPV) have earned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $13.00.

Several research firms have weighed in on SUPV. Zacks Research raised Grupo Supervielle from a “strong sell” rating to a “hold” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. lowered their price target on Grupo Supervielle from $12.00 to $11.00 and set a “neutral” rating on the stock in a report on Thursday, February 19th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Grupo Supervielle in a report on Friday, April 17th. Finally, Wall Street Zen raised Grupo Supervielle from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd.

Hedge Funds Weigh In On Grupo Supervielle

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN bought a new position in Grupo Supervielle during the 4th quarter worth approximately $55,000. Van ECK Associates Corp grew its position in Grupo Supervielle by 101.5% during the 4th quarter. Van ECK Associates Corp now owns 9,265 shares of the company’s stock worth $110,000 after acquiring an additional 4,666 shares during the last quarter. Banco BTG Pactual S.A. bought a new position in Grupo Supervielle during the 4th quarter worth approximately $211,000. Schonfeld Strategic Advisors LLC bought a new position in Grupo Supervielle during the 3rd quarter worth approximately $91,000. Finally, Bank of America Corp DE grew its position in Grupo Supervielle by 285.5% during the 1st quarter. Bank of America Corp DE now owns 19,397 shares of the company’s stock worth $183,000 after acquiring an additional 14,365 shares during the last quarter.

Grupo Supervielle Stock Performance

Shares of SUPV opened at $10.97 on Friday. The stock’s 50-day simple moving average is $9.05 and its 200 day simple moving average is $10.05. The stock has a market capitalization of $960.73 million, a price-to-earnings ratio of -18.60 and a beta of 1.57. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.00 and a current ratio of 1.00. Grupo Supervielle has a 52-week low of $4.54 and a 52-week high of $13.55.

Grupo Supervielle (NYSE:SUPV) last issued its quarterly earnings data on Sunday, February 15th. The company reported ($0.03) earnings per share (EPS) for the quarter. Grupo Supervielle had a negative return on equity of 4.40% and a negative net margin of 3.46%.The company had revenue of $145.40 million for the quarter. Research analysts forecast that Grupo Supervielle will post 0.61 EPS for the current fiscal year.

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.