Grupo Supervielle (NYSE:SUPV) Cut to “Underweight” at JPMorgan Chase & Co.

JPMorgan Chase & Co. cut shares of Grupo Supervielle (NYSE:SUPV) from a neutral rating to an underweight rating in a research report released on Wednesday, MarketBeat reports. JPMorgan Chase & Co. currently has $5.00 price objective on the stock, down from their prior price objective of $15.00.

Other research analysts also recently issued reports about the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Supervielle in a report on Wednesday, October 8th. Citigroup lowered Grupo Supervielle from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 10th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $12.00.

Grupo Supervielle Stock Down 2.1%

NYSE:SUPV opened at $6.73 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market cap of $595.75 million, a PE ratio of 10.20, a PEG ratio of 13.91 and a beta of 1.56. Grupo Supervielle has a 52-week low of $4.54 and a 52-week high of $19.75. The stock has a 50-day simple moving average of $6.55 and a 200 day simple moving average of $10.44.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sparta 24 Ltd. bought a new position in shares of Grupo Supervielle during the 2nd quarter worth approximately $27,000. GAMMA Investing LLC boosted its stake in shares of Grupo Supervielle by 10.2% during the 1st quarter. GAMMA Investing LLC now owns 7,958 shares of the company’s stock worth $104,000 after acquiring an additional 737 shares during the period. Cetera Investment Advisers bought a new position in shares of Grupo Supervielle during the 1st quarter worth approximately $268,000. Itau Unibanco Holding S.A. bought a new position in shares of Grupo Supervielle during the 1st quarter worth approximately $357,000. Finally, XTX Topco Ltd boosted its stake in shares of Grupo Supervielle by 83.5% during the 1st quarter. XTX Topco Ltd now owns 31,304 shares of the company’s stock worth $409,000 after acquiring an additional 14,243 shares during the period.

About Grupo Supervielle

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.