Grupo Supervielle (NYSE:SUPV) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Grupo Supervielle (NYSE:SUPV - Free Report) from a sell rating to a hold rating in a report published on Friday morning.

Grupo Supervielle Stock Performance

Grupo Supervielle stock traded down $0.27 during mid-day trading on Friday, reaching $12.75. 985,018 shares of the stock traded hands, compared to its average volume of 1,163,636. Grupo Supervielle has a 12-month low of $5.00 and a 12-month high of $19.75. The business's 50-day moving average is $14.38 and its 200-day moving average is $14.50. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $1.13 billion, a PE ratio of 17.71 and a beta of 1.93.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last released its quarterly earnings results on Tuesday, May 27th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.06). The business had revenue of $180.66 billion for the quarter, compared to analysts' expectations of $258.16 billion. Grupo Supervielle had a net margin of 5.80% and a return on equity of 15.92%. As a group, sell-side analysts predict that Grupo Supervielle will post 1.5 EPS for the current fiscal year.

Grupo Supervielle Increases Dividend

The firm also recently declared an annual dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th were paid a dividend of $0.187 per share. This represents a dividend yield of 1.18%. The ex-dividend date of this dividend was Monday, May 19th. This is a boost from Grupo Supervielle's previous annual dividend of $0.16. Grupo Supervielle's dividend payout ratio (DPR) is currently 24.32%.

Hedge Funds Weigh In On Grupo Supervielle

Institutional investors have recently bought and sold shares of the stock. PointState Capital LP grew its holdings in Grupo Supervielle by 300.7% during the fourth quarter. PointState Capital LP now owns 1,896,720 shares of the company's stock valued at $28,659,000 after purchasing an additional 1,423,383 shares during the period. Brevan Howard Capital Management LP lifted its position in shares of Grupo Supervielle by 585.4% during the 4th quarter. Brevan Howard Capital Management LP now owns 1,295,497 shares of the company's stock valued at $19,724,000 after buying an additional 1,106,497 shares in the last quarter. RWC Asset Management LLP bought a new position in shares of Grupo Supervielle during the 4th quarter valued at approximately $11,251,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Grupo Supervielle by 111.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,409,387 shares of the company's stock worth $21,296,000 after acquiring an additional 742,479 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its holdings in Grupo Supervielle by 971.8% during the first quarter. Cubist Systematic Strategies LLC now owns 441,798 shares of the company's stock valued at $5,770,000 after purchasing an additional 400,579 shares in the last quarter.

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.