Grupo Supervielle (NYSE:SUPV) Rating Increased to Overweight at Morgan Stanley

Morgan Stanley upgraded shares of Grupo Supervielle (NYSE:SUPV) from an underweight rating to an overweight rating in a research report report published on Monday, MarketBeat.com reports. Morgan Stanley currently has $19.00 target price on the stock.

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

Grupo Supervielle Stock Up 16.5 %

Shares of NYSE SUPV opened at $15.41 on Monday. The firm’s 50-day moving average price is $10.11 and its two-hundred day moving average price is $8.02. Grupo Supervielle has a 52-week low of $3.33 and a 52-week high of $15.70. The stock has a market capitalization of $1.41 billion, a P/E ratio of 21.40 and a beta of 2.06.

Institutional Investors Weigh In On Grupo Supervielle

A number of large investors have recently bought and sold shares of SUPV. Mak Capital One LLC boosted its holdings 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 valued at $13,930,000 after acquiring an additional 561,720 shares during the period. Ping Capital Management Inc. acquired a new position in shares of Grupo Supervielle during the second quarter valued at about $2,178,000. Acadian Asset Management LLC raised its position in shares of Grupo Supervielle by 563.5% during the second quarter. Acadian Asset Management LLC now owns 201,552 shares of the company’s stock valued at $1,366,000 after buying an additional 171,173 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Grupo Supervielle during the third quarter valued at about $995,000. Finally, Jane Street Group LLC acquired a new position in shares of Grupo Supervielle during the third quarter valued at about $749,000.

About Grupo Supervielle

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.