Grupo Supervielle S.A. (NYSE: SUPV) saw its stock price rise by 7.1% during trading on Thursday, reaching a high of $10.98 before closing at $10.93. This increase comes despite a significant drop in trading volume, with about 456,366 shares exchanging hands, a decrease of 58% from the average daily volume of 1,094,150 shares. The stock had previously closed at $10.20.
Analysts from various financial institutions have recently shared their insights regarding Grupo Supervielle. JPMorgan Chase & Co. adjusted its price target for the company, lowering it from $12.00 to $11.00 while maintaining a “neutral” rating. In contrast, Itau BBA Securities initiated coverage of Grupo Supervielle with an “outperform” rating and set a price target of $15.00.
In a separate analysis, Zacks Research upgraded the stock from a “strong sell” rating to a “hold” rating in late January. In a more cautious assessment, Weiss Ratings downgraded the stock from a “hold (c-)” to a “sell (d)” rating. Additionally, Wall Street Zen also shifted its stance, changing its rating from “sell” to “hold.” Currently, two analysts have rated the stock as a Buy, four as Hold, and one as Sell. According to data from MarketBeat.com, Grupo Supervielle has a consensus rating of “Hold” with an average target price of $13.00.
Financial Performance and Future Projections
Grupo Supervielle released its quarterly earnings data on November 25, 2023. The company reported an earnings per share (EPS) of ($0.43), missing analysts’ expectations of $0.03 by ($0.46). The firm generated revenue of $178.38 million for the quarter, significantly lower than analyst estimates of $252.85 million. The company’s return on equity stood at 1.15%, with a net margin of 0.69%. Research analysts predict that Grupo Supervielle will achieve an EPS of 1.5 for the current fiscal year.
Institutional Investment Trends
Recent activity among institutional investors indicates a fluctuating interest in Grupo Supervielle. Sparta 24 Ltd. acquired a new stake valued at approximately $27,000 during the second quarter. Meanwhile, Titan Global Capital Management USA LLC increased its holdings by 5.3%, now possessing 54,048 shares valued at $572,000 after an additional purchase of 2,711 shares.
In the fourth quarter, Wells Fargo & Company MN purchased a new stake valued at around $55,000, while Van ECK Associates Corp boosted its investment by 101.5%, acquiring an additional 4,666 shares to reach a total of 9,265 shares worth $110,000. Insigneo Advisory Services LLC also increased its holdings by 5.6%, now owning 101,363 shares valued at $502,000.
Grupo Supervielle, based in Buenos Aires, is a diversified financial services holding company primarily known for its retail and commercial banking products through its main subsidiary, Banco Supervielle. The firm offers a variety of services, including checking and savings accounts, loans, credit and debit cards, as well as treasury and foreign exchange services. These offerings target individual customers, small and medium-sized enterprises, and larger corporations across Argentina’s urban and provincial centers. In addition to banking, Grupo Supervielle is also engaged in insurance and asset management, further diversifying its portfolio.
As investors and analysts continue to monitor Grupo Supervielle’s performance, the company’s ability to adapt to market conditions and improve its financial metrics will likely influence its stock trajectory in the coming months.
