Grupo Supervielle (NYSE:SUPV) Trading Up 8.6% on Analyst Upgrade

Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report) shares shot up 8.6% on Tuesday after JPMorgan Chase & Co. upgraded the stock from an underweight rating to a neutral rating. JPMorgan Chase & Co. now has a $12.00 price target on the stock, up from their previous price target of $5.00. Grupo Supervielle traded as high as $10.73 and last traded at $10.82. 2,827,040 shares traded hands during mid-day trading, an increase of 76% from the average session volume of 1,609,186 shares. The stock had previously closed at $9.96.

A number of other brokerages have also recently commented on SUPV. Weiss Ratings reiterated a "hold (c)" rating on shares of Grupo Supervielle in a report on Wednesday, October 8th. Citigroup lowered Grupo Supervielle from a "buy" rating to a "neutral" rating in a research note on Wednesday, September 10th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Grupo Supervielle has a consensus rating of "Hold" and a consensus target price of $15.50.

Get Our Latest Analysis on SUPV

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Sparta 24 Ltd. increased its holdings in Grupo Supervielle by 39,572.6% in the 3rd quarter. Sparta 24 Ltd. now owns 1,002,526 shares of the company's stock valued at $4,963,000 after purchasing an additional 999,999 shares in the last quarter. PointState Capital LP increased its holdings in Grupo Supervielle by 30.1% in the 1st quarter. PointState Capital LP now owns 2,467,243 shares of the company's stock valued at $32,222,000 after purchasing an additional 570,523 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in Grupo Supervielle by 971.8% in the 1st quarter. Cubist Systematic Strategies LLC now owns 441,798 shares of the company's stock valued at $5,770,000 after purchasing an additional 400,579 shares in the last quarter. Qube Research & Technologies Ltd acquired a new stake in Grupo Supervielle in the 2nd quarter valued at $2,568,000. Finally, BNP Paribas Financial Markets increased its holdings in Grupo Supervielle by 196.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 365,776 shares of the company's stock valued at $3,874,000 after purchasing an additional 242,440 shares in the last quarter.

Grupo Supervielle Trading Up 10.2%

The firm has a fifty day moving average of $6.55 and a 200-day moving average of $10.42. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $972.01 million, a price-to-earnings ratio of 16.61, a P/E/G ratio of 13.63 and a beta of 1.56.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last announced its earnings results on Wednesday, August 13th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.08). Grupo Supervielle had a return on equity of 6.82% and a net margin of 4.08%.The business had revenue of $210.52 million for the quarter, compared to analysts' expectations of $283.67 billion. As a group, equities analysts predict that Grupo Supervielle S.A. will post 1.5 earnings per share for the current fiscal year.

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.

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