Grupo Supervielle (SUPV) Stock Rating Lowered by Zacks Investment Research

Grupo Supervielle (NYSE:SUPV) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Friday.

According to Zacks, “Grupo Supervielle SA is a private domestically-owned financial group primarily in Argentina. The Company owns Banco Supervielle S.A., an Argentine private domestically-owned bank which operates primary in the City of Buenos Aires and the Greater Buenos Aires metropolitan area, Mendoza and San Luis. Grupo Supervielle SA is based in Bueno Aires, Argentina. “

SUPV has been the topic of a number of other reports. JPMorgan Chase & Co. initiated coverage on shares of Grupo Supervielle in a report on Tuesday, November 21st. They issued an “overweight” rating and a $29.00 price target on the stock. BidaskClub upgraded shares of Grupo Supervielle from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 3rd. Finally, UBS Group raised their price target on shares of Grupo Supervielle from $24.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, September 21st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $26.33.

Grupo Supervielle (NYSE:SUPV) traded up $0.35 during trading hours on Friday, hitting $30.28. 421,500 shares of the stock were exchanged, compared to its average volume of 396,767. Grupo Supervielle has a twelve month low of $13.30 and a twelve month high of $30.60. The company has a market cap of $2,177.71, a PE ratio of 16.92, a P/E/G ratio of 0.58 and a beta of -1.18.

Large investors have recently added to or reduced their stakes in the company. Carmignac Gestion boosted its stake in Grupo Supervielle by 414.4% in the 3rd quarter. Carmignac Gestion now owns 2,510,723 shares of the company’s stock worth $61,990,000 after purchasing an additional 2,022,664 shares in the last quarter. TT International acquired a new stake in Grupo Supervielle in the 3rd quarter worth approximately $35,450,000. Investec Asset Management LTD boosted its stake in Grupo Supervielle by 177.8% in the 3rd quarter. Investec Asset Management LTD now owns 908,587 shares of the company’s stock worth $22,433,000 after purchasing an additional 581,487 shares in the last quarter. Kora Management LP boosted its stake in Grupo Supervielle by 12.9% in the 3rd quarter. Kora Management LP now owns 1,313,514 shares of the company’s stock worth $32,431,000 after purchasing an additional 150,000 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in Grupo Supervielle in the 3rd quarter worth approximately $2,618,000. Institutional investors and hedge funds own 58.83% of the company’s stock.

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Grupo Supervielle Company Profile

Grupo Supervielle SA is an Argentina-based holding company primarily engaged in the financial sector. The Company provides services through numerous subsidiaries, such as Banco Supervielle SA, that offers bank services, mainly to individuals and commercial customers; Cordial Compania Financiera SA, which focuses on credit card issuing, as well as providing consumer loans and insurance for Wal-Mart Argentina customers; Tarjeta Automatica SA, which issues and administrates credit cards; Cordial Microfinanzas SA, that offers financing for urban micro-enterprises; Supervielle Seguros SA, which sells insurance products; Supervielle Asset Management Sociedad Gerente de FCI SA, which manages investment funds, and Espacio Cordial Servicios SA, that distributes audio and video equipment, computers, home appliance and air conditioning units, among others.

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