Grupo Supervielle (NYSE:SUPV) Stock Rating Upgraded by Morgan Stanley

Grupo Supervielle (NYSE:SUPV) was upgraded by stock analysts at Morgan Stanley from an “underweight” rating to an “overweight” rating in a note issued to investors on Monday, MarketBeat.com reports. The brokerage presently has a $19.00 price target on the stock. Morgan Stanley’s target price would suggest a potential upside of 22.11% from the stock’s current price.

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

Grupo Supervielle Trading Up 1.0 %

NYSE:SUPV opened at $15.56 on Monday. Grupo Supervielle has a 12 month low of $3.33 and a 12 month high of $16.27. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 21.61 and a beta of 2.06. The firm has a fifty day simple moving average of $10.11 and a two-hundred day simple moving average of $8.02.

Institutional Trading of Grupo Supervielle

Several hedge funds have recently bought and sold shares of the business. Mak Capital One LLC lifted its stake in shares of Grupo Supervielle by 37.6% in the second quarter. Mak Capital One LLC now owns 2,054,581 shares of the company’s stock valued at $13,930,000 after buying an additional 561,720 shares in the last quarter. Ping Capital Management Inc. bought a new position in Grupo Supervielle in the 2nd quarter valued at about $2,178,000. Acadian Asset Management LLC boosted its stake in Grupo Supervielle by 563.5% during the 2nd quarter. Acadian Asset Management LLC now owns 201,552 shares of the company’s stock valued at $1,366,000 after purchasing an additional 171,173 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Grupo Supervielle in the third quarter worth approximately $995,000. Finally, Jane Street Group LLC purchased a new stake in shares of Grupo Supervielle in the third quarter worth approximately $749,000.

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.