Grupo Supervielle S.A. (NYSE:SUPV – Get Free Report) shares were up 10.9% during mid-day trading on Thursday . The stock traded as high as $10.77 and last traded at $10.71. Approximately 250,097 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 909,213 shares. The stock had previously closed at $9.66.
Analysts Set New Price Targets
Several equities analysts have issued reports on SUPV shares. Wall Street Zen raised Grupo Supervielle from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Grupo Supervielle in a research report on Friday, April 17th. Zacks Research raised Grupo Supervielle from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. lowered their target price on Grupo Supervielle from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Thursday, February 19th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $13.00.
Check Out Our Latest Stock Report on SUPV
Grupo Supervielle Price Performance
Grupo Supervielle (NYSE:SUPV – Get Free Report) last issued its earnings results on Sunday, February 15th. The company reported ($0.03) earnings per share for the quarter. Grupo Supervielle had a negative return on equity of 4.40% and a negative net margin of 3.46%.The firm had revenue of $145.40 million for the quarter. As a group, research analysts anticipate that Grupo Supervielle S.A. will post 0.61 EPS for the current year.
Institutional Investors Weigh In On Grupo Supervielle
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Mak Capital One LLC raised its position in Grupo Supervielle by 36.7% in the 3rd 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 during the last quarter. PointState Capital LP raised its position in Grupo Supervielle by 81.5% in the 4th quarter. PointState Capital LP now owns 1,519,056 shares of the company’s stock valued at $17,955,000 after buying an additional 682,294 shares during the last quarter. RWC Asset Management LLP raised its position in Grupo Supervielle by 58.3% in the 4th quarter. RWC Asset Management LLP now owns 1,178,894 shares of the company’s stock valued at $13,935,000 after buying an additional 434,285 shares during the last quarter. Millennium Management LLC raised its position in Grupo Supervielle by 7.0% in the 3rd quarter. Millennium Management LLC now owns 876,252 shares of the company’s stock valued at $4,337,000 after buying an additional 57,040 shares during the last quarter. Finally, UBS Group AG raised its position in Grupo Supervielle by 38.4% in the 4th quarter. UBS Group AG now owns 785,432 shares of the company’s stock valued at $9,284,000 after buying an additional 218,039 shares during the last quarter.
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.
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