Grupo Supervielle (NYSE:SUPV) Issues Earnings Results, Beats Expectations By $0.16 EPS

Grupo Supervielle (NYSE:SUPV) released its quarterly earnings results on Monday. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.16, Zacks reports. Grupo Supervielle had a negative net margin of 3.46% and a negative return on equity of 4.40%.

Grupo Supervielle Trading Down 1.4%

NYSE:SUPV opened at $8.48 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average is $9.79 and its two-hundred day moving average is $9.60. Grupo Supervielle has a 52 week low of $4.54 and a 52 week high of $13.55. The company has a market cap of $742.39 million, a PE ratio of -14.37 and a beta of 1.60.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SUPV. Wall Street Zen upgraded Grupo Supervielle from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. JPMorgan Chase & Co. boosted their price target on Grupo Supervielle from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. UBS Group reduced their price target on Grupo Supervielle from $13.00 to $11.50 and set a “neutral” rating for the company in a report on Friday, July 10th. Zacks Research upgraded Grupo Supervielle from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Grupo Supervielle in a report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $13.17.

Institutional Investors Weigh In On Grupo Supervielle

A number of institutional investors have recently made changes to their positions in the company. Millennium Management LLC raised its position in shares of Grupo Supervielle by 46.3% during the 1st quarter. Millennium Management LLC now owns 752,124 shares of the company’s stock valued at $9,823,000 after acquiring an additional 238,064 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Grupo Supervielle by 38.8% during the first quarter. Goldman Sachs Group Inc. now owns 136,881 shares of the company’s stock valued at $1,788,000 after purchasing an additional 38,247 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Grupo Supervielle by 29.3% during the second quarter. Cetera Investment Advisers now owns 26,500 shares of the company’s stock worth $281,000 after purchasing an additional 6,000 shares during the period. Jump Financial LLC raised its holdings in shares of Grupo Supervielle by 19.4% during the second quarter. Jump Financial LLC now owns 132,156 shares of the company’s stock worth $1,400,000 after purchasing an additional 21,471 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Grupo Supervielle during the second quarter worth $2,568,000.

Grupo Supervielle Company Profile

Grupo Supervielle (NYSE: SUPV) is a diversified Argentine financial services holding company headquartered in Buenos Aires. Through its principal subsidiary, Banco Supervielle, the group offers retail and commercial banking products including checking and savings accounts, consumer and corporate loans, credit and debit cards, treasury services and foreign exchange solutions. These services cater to individual customers, small and medium-sized enterprises and larger corporates throughout Argentina’s provincial and urban centers.

Beyond traditional banking, Grupo Supervielle operates in insurance and asset management.