Grupo Supervielle (NYSE:SUPV – Get Free Report) had its target price raised by JPMorgan Chase & Co. from $11.00 to $13.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 39.94% from the stock’s previous close.
SUPV has been the topic of several other research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Grupo Supervielle in a research report on Friday, April 17th. Zacks Research upgraded shares of Grupo Supervielle from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen upgraded Grupo Supervielle from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Grupo Supervielle presently has an average rating of “Hold” and an average target price of $13.67.
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Grupo Supervielle Price Performance
Grupo Supervielle (NYSE:SUPV – Get Free Report) last announced its quarterly earnings data on Sunday, February 15th. The company reported ($0.03) earnings per share (EPS) 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. Equities research analysts expect that Grupo Supervielle will post 0.61 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN bought a new stake in shares of Grupo Supervielle during the 4th quarter valued at approximately $55,000. Schonfeld Strategic Advisors LLC acquired a new stake in Grupo Supervielle in the third quarter valued at approximately $91,000. Centiva Capital LP bought a new stake in shares of Grupo Supervielle during the third quarter worth $101,000. Van ECK Associates Corp increased its holdings in shares of Grupo Supervielle by 101.5% during the fourth quarter. Van ECK Associates Corp now owns 9,265 shares of the company’s stock worth $110,000 after buying an additional 4,666 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Grupo Supervielle during the third quarter worth $164,000.
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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