Grupo Supervielle (SUPV) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Grupo Supervielle (NYSE:SUPV) from a sell rating to a hold rating in a research report released on Wednesday morning.

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. “

A number of other equities analysts have also commented on SUPV. BidaskClub upgraded Grupo Supervielle from a buy rating to a strong-buy rating in a research note on Tuesday, October 3rd. UBS lifted their price target on Grupo Supervielle from $24.00 to $26.00 and gave the company a buy rating in a research note on Thursday, September 21st. Finally, J P Morgan Chase & Co assumed coverage on Grupo Supervielle in a research note on Tuesday, November 21st. They issued an overweight rating and a $29.00 price target on the stock. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Grupo Supervielle has a consensus rating of Buy and a consensus price target of $26.33.

Grupo Supervielle (NYSE:SUPV) opened at $28.63 on Wednesday. Grupo Supervielle has a 52 week low of $11.97 and a 52 week high of $30.26. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.59 and a current ratio of 1.53. The company has a market capitalization of $2,088.21, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 0.71 and a beta of -1.13.

Several institutional investors and hedge funds have recently modified their holdings of SUPV. Investec Asset Management LTD increased its stake in shares of Grupo Supervielle by 177.8% in the 3rd quarter. Investec Asset Management LTD now owns 908,587 shares of the company’s stock valued at $22,433,000 after purchasing an additional 581,487 shares during the last quarter. Commonwealth Bank of Australia increased its stake in shares of Grupo Supervielle by 257.0% in the 3rd quarter. Commonwealth Bank of Australia now owns 10,755 shares of the company’s stock valued at $264,000 after purchasing an additional 7,742 shares during the last quarter. Carmignac Gestion increased its stake in shares of 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 purchasing an additional 2,022,664 shares during the last quarter. Artisan Partners Limited Partnership increased its stake in shares of Grupo Supervielle by 10.7% in the 3rd quarter. Artisan Partners Limited Partnership now owns 829,949 shares of the company’s stock valued at $20,491,000 after purchasing an additional 80,176 shares during the last quarter. Finally, Stifel Financial Corp bought a new position in shares of Grupo Supervielle in the 3rd quarter valued at $1,397,000. Institutional investors 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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