Grupo Supervielle (NYSE:SUPV) Raised to Neutral at Bank of America

Bank of America upgraded shares of Grupo Supervielle (NYSE:SUPV) from an underperform rating to a neutral rating in a research report sent to investors on Thursday, MarketBeat reports. They currently have $7.00 price target on the stock.

Separately, StockNews.com downgraded shares of Grupo Supervielle from a buy rating to a hold rating in a research report on Tuesday, May 14th.

Grupo Supervielle Stock Performance

Grupo Supervielle stock traded up $0.35 during mid-day trading on Thursday, hitting $6.85. 1,270,801 shares of the company were exchanged, compared to its average volume of 1,254,781. Grupo Supervielle has a 12-month low of $1.76 and a 12-month high of $7.84. The business’s 50 day simple moving average is $6.37 and its two-hundred day simple moving average is $5.83.

Grupo Supervielle (NYSE:SUPV) last released its earnings results on Wednesday, May 22nd. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.08). Grupo Supervielle had a return on equity of 20.53% and a net margin of 5.42%. The company had revenue of $391.46 million during the quarter. On average, analysts anticipate that Grupo Supervielle will post 1.01 EPS for the current fiscal year.

Grupo Supervielle Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 24th were paid a $0.155 dividend. This is a positive change from Grupo Supervielle’s previous annual dividend of $0.02. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a yield of 2.01%. Grupo Supervielle’s dividend payout ratio (DPR) is currently 14.29%.

Institutional Trading of Grupo Supervielle

Several hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets lifted its position in shares of Grupo Supervielle by 1,262.1% during the 1st quarter. BNP Paribas Financial Markets now owns 17,735 shares of the company’s stock worth $101,000 after buying an additional 16,433 shares during the period. SG Americas Securities LLC bought a new position in shares of Grupo Supervielle during the fourth quarter worth $67,000. Quadrature Capital Ltd grew its position in shares of Grupo Supervielle by 162.4% in the 4th quarter. Quadrature Capital Ltd now owns 41,080 shares of the company’s stock valued at $168,000 after purchasing an additional 25,425 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Grupo Supervielle during the first quarter worth $173,000. Finally, Caxton Associates LP acquired a new stake in shares of Grupo Supervielle in the 1st quarter valued at about $273,000.

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.