ValuEngine cut shares of Grupo Supervielle (NYSE:SUPV) from a buy rating to a hold rating in a research report sent to investors on Saturday.
Other research analysts have also recently issued reports about the company. UBS Group raised their target price on Grupo Supervielle from $24.00 to $26.00 and gave the stock a buy rating in a research report on Thursday, September 21st. BidaskClub cut Grupo Supervielle from a strong-buy rating to a buy rating in a research report on Saturday, October 28th. Zacks Investment Research raised Grupo Supervielle from a sell rating to a hold rating in a research report on Thursday, October 26th. Finally, JPMorgan Chase & Co. started coverage on Grupo Supervielle in a research report on Tuesday, November 21st. They issued an overweight rating and a $29.00 target price for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Grupo Supervielle presently has an average rating of Hold and a consensus target price of $26.33.
Shares of Grupo Supervielle (NYSE:SUPV) traded up $1.03 during mid-day trading on Friday, reaching $31.66. The company had a trading volume of 344,164 shares, compared to its average volume of 383,290. The company has a market capitalization of $2,110.00 and a PE ratio of 21.54. Grupo Supervielle has a 52-week low of $13.30 and a 52-week high of $31.88.
A number of institutional investors have recently added to or reduced their stakes in the business. DnB Asset Management AS raised its stake in Grupo Supervielle by 11.0% during the fourth quarter. DnB Asset Management AS now owns 23,200 shares of the company’s stock worth $680,000 after acquiring an additional 2,300 shares in the last quarter. Commonwealth Bank of Australia raised its stake in Grupo Supervielle by 257.0% during the third quarter. Commonwealth Bank of Australia now owns 10,755 shares of the company’s stock worth $264,000 after acquiring an additional 7,742 shares in the last quarter. Graticule Asia Macro Advisors LLC raised its stake in Grupo Supervielle by 6.0% during the third quarter. Graticule Asia Macro Advisors LLC now owns 175,680 shares of the company’s stock worth $4,338,000 after acquiring an additional 10,000 shares in the last quarter. Invictus RG acquired a new position in Grupo Supervielle during the third quarter worth $413,000. Finally, Stifel Financial Corp acquired a new position in Grupo Supervielle during the third quarter worth $1,397,000. Hedge funds and other institutional investors own 58.83% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Grupo Supervielle (SUPV) Downgraded by ValuEngine to “Hold”” was published by Stock Observer and is the property of of Stock Observer. If you are accessing this story on another website, it was illegally stolen and republished in violation of US & international copyright and trademark law. The correct version of this story can be read at https://www.thestockobserver.com/2018/01/14/grupo-supervielle-supv-downgraded-by-valuengine-to-hold.html.
About Grupo Supervielle
Grupo Supervielle SA is an Argentina-based holding company primarily engaged in the financial sector. The Company provides services through numerous subsidiaries, such as Banco Supervielle SA, that offers bank services, mainly to individuals and commercial customers; Cordial Compania Financiera SA, which focuses on credit card issuing, as well as providing consumer loans and insurance for Wal-Mart Argentina customers; Tarjeta Automatica SA, which issues and administrates credit cards; Cordial Microfinanzas SA, that offers financing for urban micro-enterprises; Supervielle Seguros SA, which sells insurance products; Supervielle Asset Management Sociedad Gerente de FCI SA, which manages investment funds, and Espacio Cordial Servicios SA, that distributes audio and video equipment, computers, home appliance and air conditioning units, among others.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Grupo Supervielle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Supervielle and related companies with MarketBeat.com's FREE daily email newsletter.