Zacks Investment Research Upgrades Grupo Supervielle SA -ADR (SUPV) to Hold
Grupo Supervielle SA -ADR (NASDAQ:SUPV) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.
According to Zacks, “Grupo Supervielle SA is a private domestically-owned financial group primarily in Argentina. The Company owns Banco Supervielle S.A., an Argentine private domestically-owned bank which operates primary in the City of Buenos Aires and the Greater Buenos Aires metropolitan area, Mendoza and San Luis. Grupo Supervielle SA is based in Bueno Aires, Argentina. “
Separately, Raymond James Financial Inc. assumed coverage on Grupo Supervielle SA -ADR in a report on Tuesday, July 19th. They issued an “outperform” rating and a $17.00 price target for the company.
Shares of Grupo Supervielle SA -ADR (NASDAQ:SUPV) opened at 14.67 on Wednesday. Grupo Supervielle SA -ADR has a 52 week low of $1.46 and a 52 week high of $16.16. The firm has a market cap of $5.34 billion and a PE ratio of 41.21. The stock’s 50 day moving average is $14.55 and its 200-day moving average is $13.48.
A number of large investors have recently modified their holdings of the stock. Nomura Holdings Inc. purchased a new stake in shares of Grupo Supervielle SA -ADR during the second quarter worth $154,000. Acadian Asset Management LLC purchased a new stake in shares of Grupo Supervielle SA -ADR during the third quarter worth $291,000. Sei Investments Co. purchased a new stake in shares of Grupo Supervielle SA -ADR during the third quarter worth $511,000. Morgan Stanley boosted its stake in shares of Grupo Supervielle SA -ADR by 244.3% in the third quarter. Morgan Stanley now owns 36,242 shares of the company’s stock worth $536,000 after buying an additional 25,716 shares in the last quarter. Finally, BlackRock Investment Management LLC boosted its stake in shares of Grupo Supervielle SA -ADR by 6.5% in the third quarter. BlackRock Investment Management LLC now owns 45,971 shares of the company’s stock worth $681,000 after buying an additional 2,800 shares in the last quarter.
About Grupo Supervielle SA -ADR
Grupo Supervielle SA is an Argentina-based holding company primarily engaged in the financial sector. The Company provides services through numerous subsidiaries, such as Banco Supervielle SA, that offers bank services, mainly to individuals and commercial customers; Cordial Compania Financiera SA, which focuses on credit card issuing, as well as providing consumer loans and insurance for Wal-Mart Argentina customers; Tarjeta Automatica SA, which issues and administrates credit cards; Cordial Microfinanzas SA, that offers financing for urban micro-enterprises; Supervielle Seguros SA, which sells insurance products; Supervielle Asset Management Sociedad Gerente de FCI SA, which manages investment funds, and Espacio Cordial Servicios SA, that distributes audio and video equipment, computers, home appliance and air conditioning units, among others.
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