Grupo Supervielle (NYSE:SUPV) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of Grupo Supervielle (NYSE:SUPV) from a hold rating to a sell rating in a report published on Thursday, Zacks.com reports.

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. “

Separately, TheStreet raised shares of Grupo Supervielle from a d rating to a c- rating in a report on Tuesday, May 4th.

Shares of NYSE SUPV opened at $2.32 on Thursday. The company has a market capitalization of $211.92 million, a PE ratio of 4.38 and a beta of 1.42. The firm’s fifty day moving average is $1.85. Grupo Supervielle has a 52-week low of $1.53 and a 52-week high of $3.68. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.80 and a current ratio of 0.80.

Grupo Supervielle (NYSE:SUPV) last announced its earnings results on Monday, March 8th. The company reported $0.13 earnings per share (EPS) for the quarter. Grupo Supervielle had a net margin of 3.75% and a return on equity of 14.01%. The business had revenue of $130.75 million during the quarter, compared to analysts’ expectations of $138.94 million. Equities analysts forecast that Grupo Supervielle will post 0.9 EPS for the current year.

The firm also recently announced an annual dividend, which was paid on Friday, May 21st. Stockholders of record on Thursday, May 13th were issued a dividend of $0.0266 per share. This represents a dividend yield of 1.8%. The ex-dividend date was Wednesday, May 12th. Grupo Supervielle’s payout ratio is presently 1.64%.

Several large investors have recently made changes to their positions in SUPV. Morgan Stanley lifted its position in Grupo Supervielle by 111.6% during the 1st quarter. Morgan Stanley now owns 45,473 shares of the company’s stock worth $79,000 after buying an additional 23,988 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Grupo Supervielle by 18.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 163,782 shares of the company’s stock worth $283,000 after acquiring an additional 25,671 shares during the last quarter. Mackenzie Financial Corp bought a new position in shares of Grupo Supervielle in the fourth quarter worth about $63,000. Goldman Sachs Group Inc. lifted its position in shares of Grupo Supervielle by 116.8% during the first quarter. Goldman Sachs Group Inc. now owns 71,414 shares of the company’s stock worth $124,000 after purchasing an additional 38,470 shares in the last quarter. Finally, Purus Wealth Management LLC bought a new stake in shares of Grupo Supervielle during the first quarter valued at approximately $104,000. Institutional investors own 1.87% of the company’s stock.

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 and 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 cards, debit cards, and senior citizens benefit payment services, as well as financial services and investments, such as mutual funds and guarantees.

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