Grupo Supervielle (NYSE:SUPV) Price Target Cut to $11.00 by Analysts at JPMorgan Chase & Co.

Grupo Supervielle (NYSE:SUPV) had its target price cut by analysts at JPMorgan Chase & Co. from $12.00 to $11.00 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 objective suggests a potential upside of 1.95% from the company’s previous close.

A number of other equities analysts have also commented on the company. Citigroup upgraded Grupo Supervielle from a “neutral” rating to a “buy” rating in a research note on Monday, November 3rd. Zacks Research raised shares of Grupo Supervielle from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Weiss Ratings cut Grupo Supervielle from a “hold (c-)” rating to a “sell (d)” rating in a research report on Tuesday, January 20th. Itau BBA Securities started coverage on shares of Grupo Supervielle in a report on Wednesday, December 10th. They set an “outperform” rating and a $15.00 price target for the company. Finally, Bank of America restated a “neutral” rating on shares of Grupo Supervielle in a research report on Wednesday, November 26th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $13.00.

Grupo Supervielle Stock Up 5.8%

Grupo Supervielle stock traded up $0.59 during midday trading on Thursday, hitting $10.79. The stock had a trading volume of 288,557 shares, compared to its average volume of 1,090,190. Grupo Supervielle has a 12 month low of $4.54 and a 12 month high of $17.02. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.38. The stock has a market cap of $944.66 million, a P/E ratio of 89.38, a P/E/G ratio of 11.66 and a beta of 1.71. The business has a fifty day moving average price of $11.45 and a 200 day moving average price of $9.62.

Grupo Supervielle (NYSE:SUPV) last issued its quarterly earnings data on Tuesday, November 25th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.46). The business had revenue of $178.38 million during the quarter, compared to the consensus estimate of $252.85 billion. Grupo Supervielle had a return on equity of 1.15% and a net margin of 0.69%. Research analysts predict that Grupo Supervielle will post 1.5 EPS for the current year.

Hedge Funds Weigh In On Grupo Supervielle

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mak Capital One LLC boosted its stake in shares of Grupo Supervielle by 36.7% in the third quarter. Mak Capital One LLC now owns 4,000,000 shares of the company’s stock valued at $19,800,000 after buying an additional 1,074,732 shares in the last quarter. Sparta 24 Ltd. lifted its stake in shares of Grupo Supervielle by 39,572.6% in the third quarter. Sparta 24 Ltd. now owns 1,002,526 shares of the company’s stock valued at $4,963,000 after purchasing an additional 999,999 shares during the period. PointState Capital LP grew its position in Grupo Supervielle by 81.5% during the fourth quarter. PointState Capital LP now owns 1,519,056 shares of the company’s stock worth $17,955,000 after buying an additional 682,294 shares during the period. Jump Financial LLC increased its holdings in Grupo Supervielle by 339.2% in the third quarter. Jump Financial LLC now owns 580,486 shares of the company’s stock valued at $2,873,000 after buying an additional 448,330 shares in the last quarter. Finally, RWC Asset Management LLP lifted its position in shares of Grupo Supervielle by 58.3% during the 4th quarter. RWC Asset Management LLP now owns 1,178,894 shares of the company’s stock valued at $13,935,000 after acquiring an additional 434,285 shares during the period.

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.