Grupo Supervielle (NYSE:SUPV) Shares Gap Up – What’s Next?

Grupo Supervielle S.A. (NYSE:SUPV)’s share price gapped up prior to trading on Monday . The stock had previously closed at $13.22, but opened at $13.88. Grupo Supervielle shares last traded at $15.32, with a volume of 2,065,687 shares traded.

Analysts Set New Price Targets

SUPV has been the subject of a number of research reports. Morgan Stanley upgraded Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 target price for the company in a report on Monday. JPMorgan Chase & Co. upgraded shares of Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price objective for the company in a research note on Thursday, December 12th.

Grupo Supervielle Price Performance

The company has a market cap of $1.32 billion, a PE ratio of 20.10 and a beta of 2.06. The company has a 50-day moving average price of $10.28 and a two-hundred day moving average price of $8.08.

Institutional Investors Weigh In On Grupo Supervielle

Large investors have recently added to or reduced their stakes in the company. Centiva Capital LP bought a new stake in shares of Grupo Supervielle in the third quarter worth $127,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Grupo Supervielle in the 3rd quarter valued at about $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. acquired a new position in Grupo Supervielle in the third quarter worth about $283,000. Finally, Precision Wealth Strategies LLC bought a new stake in Grupo Supervielle in the third quarter valued at about $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.