Grupo Supervielle (NYSE:SUPV) Shares Up 6.6% - What's Next?

Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report)'s stock price traded up 6.6% during trading on Thursday . The company traded as high as $8.30 and last traded at $8.29. 585,500 shares changed hands during trading, a decline of 52% from the average session volume of 1,219,520 shares. The stock had previously closed at $7.78.

Wall Street Analyst Weigh In

Separately, Bank of America upgraded Grupo Supervielle from an "underperform" rating to a "neutral" rating and set a $7.00 price target for the company in a research note on Thursday, August 8th.

Grupo Supervielle Trading Up 8.6 %

The business has a 50-day moving average price of $7.61 and a 200-day moving average price of $6.87. The stock has a market cap of $771.82 million, a PE ratio of 8.05 and a beta of 2.03.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04. The business had revenue of $276.87 million for the quarter. Grupo Supervielle had a net margin of 5.56% and a return on equity of 19.09%. Equities analysts expect that Grupo Supervielle S.A. will post 1.29 earnings per share for the current year.

Institutional Investors Weigh In On Grupo Supervielle

Large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its stake in shares of Grupo Supervielle by 1,262.1% in the first quarter. BNP Paribas Financial Markets now owns 17,735 shares of the company's stock worth $101,000 after acquiring an additional 16,433 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Grupo Supervielle during the 1st quarter worth $173,000. Quadrature Capital Ltd grew its holdings in shares of Grupo Supervielle by 162.4% during the fourth quarter. Quadrature Capital Ltd now owns 41,080 shares of the company's stock worth $168,000 after buying an additional 25,425 shares in the last quarter. Precision Wealth Strategies LLC acquired a new stake in shares of Grupo Supervielle in the third quarter valued at about $317,000. Finally, Caxton Associates LP acquired a new stake in shares of Grupo Supervielle in the first quarter valued at about $273,000.

About Grupo Supervielle

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.