Zacks Investment Research Lowers Grupo Supervielle (SUPV) to Sell

Grupo Supervielle (NYSE:SUPV) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Friday, January 5th.

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. “

Several other research analysts have also commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Grupo Supervielle in a research note on Tuesday, November 21st. They set an “overweight” rating and a $29.00 price target on the stock. BidaskClub lowered shares of Grupo Supervielle from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, UBS Group increased their price target on shares of Grupo Supervielle from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $26.33.

Grupo Supervielle (NYSE:SUPV) traded up $1.04 during trading on Friday, reaching $31.66. 344,164 shares of the company traded hands, compared to its average volume of 319,757. Grupo Supervielle has a twelve month low of $13.30 and a twelve month high of $31.88. The company has a market cap of $2,227.91, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 0.59 and a beta of -1.18.

A number of large investors have recently bought and sold shares of SUPV. TT International bought a new stake in Grupo Supervielle in the 3rd quarter valued at $35,450,000. Investec Asset Management LTD increased its position in shares of Grupo Supervielle by 177.8% during 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 increased its position in shares of Grupo Supervielle by 12.9% during 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. Jane Street Group LLC acquired a new stake in Grupo Supervielle in the 3rd quarter valued at about $2,618,000. Finally, Carmignac Gestion increased its position in Grupo Supervielle by 414.4% in the 3rd quarter. Carmignac Gestion now owns 2,510,723 shares of the company’s stock valued at $61,990,000 after acquiring an additional 2,022,664 shares in the last quarter. Institutional investors and hedge funds own 58.83% of the company’s stock.

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About Grupo Supervielle

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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