Grupo Supervielle (NYSE:SUPV) Upgraded by Wall Street Zen to “Hold” Rating

Grupo Supervielle (NYSE:SUPV) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Several other equities research analysts also recently weighed in on the stock. UBS Group assumed coverage on shares of Grupo Supervielle in a research note on Wednesday. They set a “neutral” rating and a $13.00 target price for the company. Citigroup raised Grupo Supervielle from a “neutral” rating to a “buy” rating in a research report on Monday, November 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Grupo Supervielle in a report on Wednesday. Finally, JPMorgan Chase & Co. raised Grupo Supervielle from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $5.00 to $12.00 in a report on Tuesday, October 28th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $14.67.

Grupo Supervielle Stock Down 4.2%

Shares of NYSE:SUPV opened at $9.66 on Friday. Grupo Supervielle has a 1-year low of $4.54 and a 1-year high of $19.75. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market cap of $855.24 million, a P/E ratio of 14.64, a P/E/G ratio of 23.32 and a beta of 1.66. The firm has a fifty day moving average price of $7.98 and a 200 day moving average price of $9.98.

Institutional Trading of Grupo Supervielle

A number of institutional investors have recently modified their holdings of SUPV. Cetera Investment Advisers purchased a new position in Grupo Supervielle in the first quarter worth $268,000. XTX Topco Ltd grew its stake in shares of Grupo Supervielle by 83.5% during the 1st quarter. XTX Topco Ltd now owns 31,304 shares of the company’s stock worth $409,000 after purchasing an additional 14,243 shares during the period. Banco BTG Pactual S.A. acquired a new position in shares of Grupo Supervielle during the 1st quarter worth $1,450,000. Titan Global Capital Management USA LLC purchased a new position in shares of Grupo Supervielle in the 1st quarter valued at about $670,000. Finally, Freedom Investment Management Inc. lifted its stake in shares of Grupo Supervielle by 4.4% in the first quarter. Freedom Investment Management Inc. now owns 44,386 shares of the company’s stock valued at $580,000 after purchasing an additional 1,862 shares during the period.

About Grupo Supervielle

Grupo Supervielle SA, a financial services holding company, provides various banking products and services in Argentina. The company operates through Personal & Business Banking, Corporate Banking, Bank Treasury, Consumer Finance, Insurance, and Asset Management and Other Services segments. It offers savings accounts, time and demand deposits, and checking accounts; various loan products, including personal, consumer, mortgage, unsecured, and car loans; overdrafts; loans with special facilities for project and working capital financing; and leasing, bank guarantees for tenants, salary advances, domestic and international factoring, international guarantees and letters of credit, payroll payment plans, credit and debit cards, and senior citizens benefit payment services, as well as financial services and investments, such as mutual funds and guarantees.