Grupo Supervielle (NYSE:SUPV) Upgraded at Morgan Stanley

Morgan Stanley upgraded shares of Grupo Supervielle (NYSE:SUPV) from an underweight rating to an overweight rating in a research report sent to investors on Monday morning, Marketbeat.com reports. The brokerage currently has $19.00 price objective on the stock.

Separately, JPMorgan Chase & Co. upgraded Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price target on the stock in a report on Thursday, December 12th.

Grupo Supervielle Stock Performance

NYSE:SUPV opened at $14.47 on Monday. The company has a fifty day moving average of $10.28 and a two-hundred day moving average of $8.08. Grupo Supervielle has a fifty-two week low of $3.33 and a fifty-two week high of $16.27. The stock has a market capitalization of $1.32 billion, a PE ratio of 20.10 and a beta of 2.06.

Institutional Investors Weigh In On Grupo Supervielle

Several hedge funds have recently modified their holdings of SUPV. Dynamic Technology Lab Private Ltd purchased a new position in Grupo Supervielle during the third quarter worth about $145,000. BNP Paribas Financial Markets boosted its stake in shares of Grupo Supervielle by 449.1% in the third quarter. BNP Paribas Financial Markets now owns 61,303 shares of the company’s stock valued at $436,000 after buying an additional 50,138 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Grupo Supervielle by 563.5% during the 2nd quarter. Acadian Asset Management LLC now owns 201,552 shares of the company’s stock worth $1,366,000 after purchasing an additional 171,173 shares in the last quarter. Mak Capital One LLC grew its position in Grupo Supervielle by 37.6% during the second quarter. Mak Capital One LLC now owns 2,054,581 shares of the company’s stock worth $13,930,000 after buying an additional 561,720 shares during the period. Finally, Ping Capital Management Inc. acquired a new stake in shares of Grupo Supervielle in the 2nd quarter worth approximately $2,178,000.

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.