Grupo Supervielle S.A. (NYSE:SUPV – Get Free Report)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.17 and traded as low as $8.66. Grupo Supervielle shares last traded at $8.75, with a volume of 291,513 shares traded.
Analysts Set New Price Targets
Several equities analysts have weighed in on the stock. UBS Group dropped their target price on shares of Grupo Supervielle from $13.00 to $11.50 and set a “neutral” rating for the company in a report on Friday, July 10th. JPMorgan Chase & Co. upped their price target on shares of Grupo Supervielle from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Grupo Supervielle in a research report on Wednesday, July 15th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $13.17.
Read Our Latest Analysis on SUPV
Grupo Supervielle Trading Down 0.5%
Grupo Supervielle (NYSE:SUPV – Get Free Report) last announced its earnings results on Tuesday, June 30th. The company reported $0.10 earnings per share for the quarter. The firm had revenue of $233.55 million during the quarter. Grupo Supervielle had a negative net margin of 3.60% and a negative return on equity of 2.67%. On average, research analysts forecast that Grupo Supervielle S.A. will post 0.44 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Grupo Supervielle
A number of hedge funds and other institutional investors have recently modified their holdings of the company. PointState Capital LP boosted 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 acquiring an additional 682,294 shares during the last quarter. Jump Financial LLC grew its stake in 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 during the period. RWC Asset Management LLP raised its holdings 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 acquiring an additional 434,285 shares during the last quarter. Verition Fund Management LLC boosted its holdings in shares of 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. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Grupo Supervielle by 148.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 582,019 shares of the company’s stock worth $6,879,000 after purchasing an additional 348,195 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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