JPMorgan Chase & Co. Boosts Grupo Supervielle (NYSE:SUPV) Price Target to $13.00

Grupo Supervielle (NYSE:SUPV) had its price objective lifted by equities researchers at JPMorgan Chase & Co. from $11.00 to $13.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 39.94% from the company’s previous close.

A number of other equities research analysts have also commented on SUPV. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Grupo Supervielle in a research note on Friday, April 17th. Wall Street Zen upgraded Grupo Supervielle from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Zacks Research raised Grupo Supervielle from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $13.67.

Grupo Supervielle Trading Down 0.6%

NYSE SUPV traded down $0.06 on Thursday, reaching $9.29. The company had a trading volume of 96,269 shares, compared to its average volume of 932,141. The firm has a market cap of $813.34 million, a price-to-earnings ratio of -15.66 and a beta of 1.57. Grupo Supervielle has a fifty-two week low of $4.54 and a fifty-two week high of $13.55. The business has a 50 day moving average of $9.25 and a two-hundred day moving average of $10.04. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.00 and a quick ratio of 1.00.

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

Institutional Investors Weigh In On Grupo Supervielle

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its holdings in shares of Grupo Supervielle by 285.5% during the first quarter. Bank of America Corp DE now owns 19,397 shares of the company’s stock valued at $183,000 after purchasing an additional 14,365 shares during the period. Titan Global Capital Management USA LLC raised its stake in Grupo Supervielle by 5.7% during the 1st quarter. Titan Global Capital Management USA LLC now owns 96,768 shares of the company’s stock worth $912,000 after buying an additional 5,245 shares during the period. Deltec Asset Management LLC acquired a new position in Grupo Supervielle during the 1st quarter worth approximately $438,000. PointState Capital LP boosted its holdings in Grupo Supervielle by 81.5% in the fourth quarter. PointState Capital LP now owns 1,519,056 shares of the company’s stock worth $17,955,000 after acquiring an additional 682,294 shares in the last quarter. Finally, State of Wisconsin Investment Board bought a new position in Grupo Supervielle in the fourth quarter worth approximately $1,192,000.

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.