Grupo Supervielle (NYSE:SUPV) Shares Down 5.6% - Should You Sell?

Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report)'s stock price traded down 5.6% on Wednesday . The company traded as low as $9.63 and last traded at $9.54. 1,054,727 shares were traded during mid-day trading, a decline of 11% from the average session volume of 1,180,347 shares. The stock had previously closed at $10.10.

Analysts Set New Price Targets

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

Grupo Supervielle Stock Performance

The business has a fifty day moving average of $12.30 and a 200-day moving average of $13.98. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.33. The company has a market cap of $862.32 million, a PE ratio of 13.16, a P/E/G ratio of 2.41 and a beta of 1.72.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last announced its earnings results on Tuesday, May 27th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.06). The company had revenue of $180.66 billion during the quarter, compared to the consensus estimate of $258.16 billion. Grupo Supervielle had a return on equity of 8.02% and a net margin of 4.33%. Equities 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 firm also recently disclosed an annual dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 19th were paid a $0.187 dividend. This is an increase from Grupo Supervielle's previous annual dividend of $0.16. The ex-dividend date was Monday, May 19th. This represents a yield of 1.18%. Grupo Supervielle's payout ratio is 24.32%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SUPV. JPMorgan Chase & Co. raised its holdings in shares of Grupo Supervielle by 12.2% in the 4th quarter. JPMorgan Chase & Co. now owns 420,286 shares of the company's stock valued at $6,351,000 after purchasing an additional 45,771 shares in the last quarter. Pictet Asset Management Holding SA grew its position in Grupo Supervielle by 6.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,227,122 shares of the company's stock worth $18,542,000 after purchasing an additional 69,197 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Grupo Supervielle by 5.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,468,764 shares of the company's stock valued at $22,193,000 after acquiring an additional 75,129 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Grupo Supervielle in the fourth quarter valued at about $258,000. Finally, Jump Financial LLC boosted its holdings in shares of Grupo Supervielle by 8.0% in the fourth quarter. Jump Financial LLC now owns 190,813 shares of the company's stock valued at $2,883,000 after acquiring an additional 14,082 shares in the last quarter.

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.