Grupo Supervielle (NYSE:SUPV) Shares Down 5.4% - Here's Why

Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report)'s share price traded down 5.4% during mid-day trading on Friday . The company traded as low as $15.66 and last traded at $15.62. 339,169 shares were traded during mid-day trading, a decline of 76% from the average session volume of 1,420,301 shares. The stock had previously closed at $16.52.

Analysts Set New Price Targets

SUPV has been the topic of a number of research analyst reports. Morgan Stanley raised Grupo Supervielle from an "underweight" rating to an "overweight" rating and set a $19.00 target price on the stock in a research report on Monday, December 16th. JPMorgan Chase & Co. raised shares of Grupo Supervielle from an "underweight" rating to a "neutral" rating and set a $15.00 target price on the stock in a report on Thursday, December 12th.

Grupo Supervielle Trading Down 7.6 %

The business's 50-day moving average is $15.76 and its two-hundred day moving average is $10.80. The stock has a market capitalization of $1.24 billion, a PE ratio of 19.48 and a beta of 1.95. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.07.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last announced its earnings results on Monday, November 25th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.03). Grupo Supervielle had a net margin of 5.80% and a return on equity of 15.92%. On average, analysts anticipate that Grupo Supervielle S.A. will post 1.5 earnings per share for the current fiscal year.

Institutional Trading of Grupo Supervielle

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. RWC Asset Management LLP acquired a new stake in shares of Grupo Supervielle in the 4th quarter worth $11,251,000. JPMorgan Chase & Co. lifted its position 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 valued at $2,663,000 after acquiring an additional 211,166 shares during the period. Sparta 24 Ltd. acquired a new position 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 3rd quarter valued at about $995,000. Finally, Jane Street Group LLC purchased a new position in Grupo Supervielle during 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.