Kiker Wealth Management LLC Invests $1.35 Million in Grupo Supervielle S.A. $SUPV

Kiker Wealth Management LLC purchased a new position in Grupo Supervielle S.A. (NYSE:SUPV) in the second quarter, HoldingsChannel reports. The firm purchased 127,005 shares of the company’s stock, valued at approximately $1,345,000.

A number of other institutional investors also recently made changes to their positions in the stock. PointState Capital LP lifted its stake in shares of Grupo Supervielle by 30.1% in the 1st quarter. PointState Capital LP now owns 2,467,243 shares of the company’s stock worth $32,222,000 after acquiring an additional 570,523 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Grupo Supervielle by 16.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,634,873 shares of the company’s stock worth $21,351,000 after acquiring an additional 225,486 shares during the period. Millennium Management LLC grew its position in Grupo Supervielle by 46.3% in the 1st quarter. Millennium Management LLC now owns 752,124 shares of the company’s stock worth $9,823,000 after purchasing an additional 238,064 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in Grupo Supervielle by 971.8% in the 1st quarter. Cubist Systematic Strategies LLC now owns 441,798 shares of the company’s stock worth $5,770,000 after purchasing an additional 400,579 shares during the last quarter. Finally, Ping Capital Management Inc. boosted its position in shares of Grupo Supervielle by 52.3% during the 2nd quarter. Ping Capital Management Inc. now owns 184,300 shares of the company’s stock valued at $1,952,000 after acquiring an additional 63,300 shares in the last quarter.

Grupo Supervielle Trading Up 13.9%

Shares of Grupo Supervielle stock opened at $6.51 on Tuesday. The firm’s 50-day moving average price is $7.36 and its two-hundred day moving average price is $10.78. Grupo Supervielle S.A. has a 12-month low of $4.54 and a 12-month high of $19.75. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $576.60 million, a price-to-earnings ratio of 9.87, a PEG ratio of 11.58 and a beta of 1.56.

Grupo Supervielle (NYSE:SUPV) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.08). Grupo Supervielle had a net margin of 4.08% and a return on equity of 6.82%. The company had revenue of $210.52 million during the quarter, compared to analyst estimates of $283.67 billion. On average, analysts forecast that Grupo Supervielle S.A. will post 1.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on SUPV. Citigroup lowered shares of Grupo Supervielle from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Supervielle in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $17.00.

Grupo Supervielle Profile

Grupo Supervielle SA, a financial services holding company, provides various banking products and services in Argentina. The company operates through Personal & Business Banking, Corporate Banking, Bank Treasury, Consumer Finance, Insurance, and Asset Management and Other Services segments. It offers savings accounts, time and demand deposits, and checking accounts; various loan products, including personal, consumer, mortgage, unsecured, and car loans; overdrafts; loans with special facilities for project and working capital financing; and leasing, bank guarantees for tenants, salary advances, domestic and international factoring, international guarantees and letters of credit, payroll payment plans, credit and debit cards, and senior citizens benefit payment services, as well as financial services and investments, such as mutual funds and guarantees.