Grupo Supervielle (SUPV) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Grupo Supervielle (NYSE:SUPV) from a hold rating to a sell rating in a report issued 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. “

A number of other research analysts have also issued reports on the company. BidaskClub lowered Grupo Supervielle from a buy rating to a hold rating in a research report on Tuesday, November 7th. JPMorgan Chase & Co. began coverage on Grupo Supervielle in a research report on Tuesday, November 21st. They set an overweight rating and a $29.00 price target for the company. Finally, UBS Group boosted their price objective on Grupo Supervielle from $24.00 to $26.00 and gave the stock a buy rating in a research note on Thursday, September 21st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Grupo Supervielle presently has an average rating of Hold and an average price target of $26.33.

Shares of Grupo Supervielle (SUPV) traded down $0.11 during mid-day trading on Friday, reaching $29.57. The company’s stock had a trading volume of 149,119 shares, compared to its average volume of 415,780. Grupo Supervielle has a one year low of $13.30 and a one year high of $30.75. The firm has a market cap of $1,970.00 and a price-to-earnings ratio of 20.53.

Institutional investors and hedge funds have recently bought and sold shares of the company. Commonwealth Bank of Australia raised 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 worth $264,000 after buying an additional 7,742 shares in the last quarter. Invictus RG bought a new stake in shares of Grupo Supervielle in the 3rd quarter worth $413,000. Stifel Financial Corp bought a new stake in shares of Grupo Supervielle in the 3rd quarter worth $1,397,000. Jane Street Group LLC bought a new stake in shares of Grupo Supervielle in the 3rd quarter worth $2,618,000. Finally, Graticule Asia Macro Advisors LLC raised its stake in shares of Grupo Supervielle by 6.0% in the 3rd quarter. Graticule Asia Macro Advisors LLC now owns 175,680 shares of the company’s stock worth $4,338,000 after buying an additional 10,000 shares in the last quarter. 58.83% of the stock is currently owned by institutional investors.

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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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