Grupo Supervielle (NYSE:SUPV) Trading Down 4.2% – Here’s Why

Grupo Supervielle S.A. (NYSE:SUPV) shares dropped 4.2% during trading on Friday . The stock traded as low as $16.35 and last traded at $16.37. Approximately 608,899 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 1,618,164 shares. The stock had previously closed at $17.09.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SUPV shares. Morgan Stanley raised shares of Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 target price for the company in a research note on Monday, December 16th. JPMorgan Chase & Co. raised Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price objective for the company in a research report on Thursday, December 12th.

Grupo Supervielle Stock Performance

The stock’s 50-day moving average price is $14.78 and its 200 day moving average price is $10.07. The firm has a market cap of $1.47 billion, a P/E ratio of 23.13 and a beta of 1.96. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.86 and a quick ratio of 0.86.

Grupo Supervielle (NYSE:SUPV) last issued its quarterly earnings results on Monday, November 25th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.03). Grupo Supervielle had a return on equity of 15.92% and a net margin of 5.80%. As a group, equities analysts predict that Grupo Supervielle S.A. will post 1.5 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in shares of Grupo Supervielle by 129.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 374,515 shares of the company’s stock worth $2,663,000 after purchasing an additional 211,166 shares in the last quarter. Sparta 24 Ltd. bought a new stake in Grupo Supervielle during the fourth quarter worth $2,192,000. Point72 Asset Management L.P. acquired a new stake in Grupo Supervielle in the third quarter valued at $995,000. TT International Asset Management LTD grew its position in shares of Grupo Supervielle by 539.9% in the 4th quarter. TT International Asset Management LTD now owns 116,086 shares of the company’s stock valued at $1,754,000 after acquiring an additional 97,946 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of Grupo Supervielle in the 3rd quarter valued at about $749,000.

Grupo Supervielle Company Profile

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.