Grupo Supervielle (NYSE:SUPV) Upgraded to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Grupo Supervielle (NYSE:SUPV) from an underweight rating to a neutral rating in a research note published on Thursday morning, Marketbeat.com reports. The firm currently has $15.00 price objective on the stock.

Grupo Supervielle Price Performance

NYSE SUPV opened at $13.28 on Thursday. The business’s 50 day moving average price is $9.83 and its 200-day moving average price is $7.90. Grupo Supervielle has a fifty-two week low of $3.33 and a fifty-two week high of $13.50.

Institutional Investors Weigh In On Grupo Supervielle

Several institutional investors have recently made changes to their positions in SUPV. Centiva Capital LP bought a new stake in shares of Grupo Supervielle during the 3rd quarter worth approximately $127,000. Dynamic Technology Lab Private Ltd purchased a new stake in Grupo Supervielle in the third quarter worth $145,000. Quantbot Technologies LP lifted its position in shares of Grupo Supervielle by 212.9% during the third quarter. Quantbot Technologies LP now owns 28,807 shares of the company’s stock worth $205,000 after purchasing an additional 19,602 shares during the last quarter. Benjamin Edwards Inc. purchased a new stake in shares of Grupo Supervielle during the third quarter valued at $283,000. Finally, Precision Wealth Strategies LLC purchased a new stake in shares of Grupo Supervielle during the third quarter valued at $317,000.

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.