Grupo Supervielle (NYSE:SUPV) Announces Earnings Results

Grupo Supervielle (NYSE:SUPV) issued its quarterly earnings data on Tuesday. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.46), Zacks reports. Grupo Supervielle had a net margin of 4.08% and a return on equity of 6.82%.

Grupo Supervielle Stock Up 5.5%

Shares of Grupo Supervielle stock traded up $0.53 during trading on Tuesday, reaching $10.22. The company had a trading volume of 1,967,573 shares, compared to its average volume of 1,653,686. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.96 and a current ratio of 0.96. Grupo Supervielle has a fifty-two week low of $4.54 and a fifty-two week high of $19.75. The firm’s fifty day moving average is $8.06 and its 200-day moving average is $9.88. The company has a market cap of $905.17 million, a price-to-earnings ratio of 15.49, a price-to-earnings-growth ratio of 23.32 and a beta of 1.66.

Institutional Trading of Grupo Supervielle

Institutional investors and hedge funds have recently bought and sold shares of the company. Jump Financial LLC grew its position in shares of Grupo Supervielle by 339.2% in the 3rd quarter. Jump Financial LLC now owns 580,486 shares of the company’s stock worth $2,873,000 after acquiring an additional 448,330 shares in the last quarter. Verition Fund Management LLC lifted its stake in Grupo Supervielle by 264.3% during the third quarter. Verition Fund Management LLC now owns 532,789 shares of the company’s stock worth $2,637,000 after purchasing an additional 386,524 shares during the last quarter. UBS Group AG boosted its holdings in Grupo Supervielle by 151.2% in the third quarter. UBS Group AG now owns 567,393 shares of the company’s stock worth $2,809,000 after purchasing an additional 341,539 shares during the period. Qube Research & Technologies Ltd bought a new stake in Grupo Supervielle during the second quarter valued at $2,568,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Grupo Supervielle by 196.6% during the second quarter. BNP Paribas Financial Markets now owns 365,776 shares of the company’s stock worth $3,874,000 after purchasing an additional 242,440 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SUPV shares. Citigroup upgraded shares of Grupo Supervielle from a “neutral” rating to a “buy” rating in a research note on Monday, November 3rd. UBS Group initiated coverage on shares of Grupo Supervielle in a report on Wednesday, November 19th. They issued a “neutral” rating and a $13.00 price objective on the stock. Wall Street Zen upgraded Grupo Supervielle from a “sell” rating to a “hold” rating in a research note on Saturday. JPMorgan Chase & Co. upgraded Grupo Supervielle from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $5.00 to $12.00 in a research note on Tuesday, October 28th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Grupo Supervielle in a research note on Wednesday, November 19th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Grupo Supervielle presently has an average rating of “Hold” and a consensus price target of $14.67.

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.