Mackenzie Financial Corp Decreases Stock Position in Grupo Supervielle S.A. (NYSE:SUPV)

Mackenzie Financial Corp decreased its holdings in shares of Grupo Supervielle S.A. (NYSE:SUPV - Free Report) by 53.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 28,894 shares of the company's stock after selling 33,503 shares during the quarter. Mackenzie Financial Corp's holdings in Grupo Supervielle were worth $437,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. SBI Securities Co. Ltd. bought a new position in Grupo Supervielle in the fourth quarter worth approximately $63,000. Stratos Wealth Advisors LLC bought a new position in Grupo Supervielle in the fourth quarter worth approximately $151,000. Y Intercept Hong Kong Ltd bought a new position in Grupo Supervielle in the fourth quarter worth approximately $235,000. XTX Topco Ltd bought a new position in Grupo Supervielle in the fourth quarter worth approximately $258,000. Finally, NewEdge Advisors LLC grew its stake in Grupo Supervielle by 4.9% in the fourth quarter. NewEdge Advisors LLC now owns 18,619 shares of the company's stock worth $281,000 after purchasing an additional 867 shares in the last quarter.

Grupo Supervielle Stock Up 2.5%

Grupo Supervielle stock traded up $0.29 during mid-day trading on Friday, reaching $12.12. 1,257,218 shares of the company were exchanged, compared to its average volume of 1,162,159. The business has a fifty day moving average of $14.23 and a 200 day moving average of $14.52. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $1.07 billion, a P/E ratio of 16.83 and a beta of 1.81. Grupo Supervielle S.A. has a 12-month low of $5.00 and a 12-month high of $19.75.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last posted its earnings results on Tuesday, May 27th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.06). The company had revenue of $180.66 billion for the quarter, compared to analysts' expectations of $258.16 billion. Grupo Supervielle had a return on equity of 15.92% and a net margin of 5.80%. Research analysts anticipate that Grupo Supervielle S.A. will post 1.5 earnings per share for the current fiscal year.

Grupo Supervielle Increases Dividend

The business also recently announced an annual dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were issued a dividend of $0.187 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a yield of 1.18%. This is a positive change from Grupo Supervielle's previous annual dividend of $0.16. Grupo Supervielle's dividend payout ratio is currently 24.32%.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Grupo Supervielle from a "sell" rating to a "hold" rating in a report on Friday, May 30th.

Grupo Supervielle 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.