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

Grupo Supervielle (NYSE:SUPV) was upgraded by equities researchers at Morgan Stanley from an “underweight” rating to an “overweight” rating in a research report issued to clients and investors on Monday, Marketbeat.com reports. The firm presently has a $19.00 target price on the stock. Morgan Stanley’s price target suggests a potential upside of 22.11% from the company’s previous close.

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

Grupo Supervielle Stock Performance

Grupo Supervielle stock opened at $15.56 on Monday. Grupo Supervielle has a fifty-two week low of $3.33 and a fifty-two week high of $16.27. The firm’s 50-day simple moving average is $10.11 and its 200 day simple moving average is $8.02. The stock has a market cap of $1.42 billion, a PE ratio of 21.61 and a beta of 2.06.

Institutional Trading of Grupo Supervielle

A number of large investors have recently added to or reduced their stakes in SUPV. Dynamic Technology Lab Private Ltd bought a new position in shares of Grupo Supervielle during the 3rd quarter valued at approximately $145,000. BNP Paribas Financial Markets lifted its stake in 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 purchasing an additional 50,138 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Grupo Supervielle by 563.5% in the second 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. Mak Capital One LLC grew 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 purchasing an additional 561,720 shares during the period. Finally, Ping Capital Management Inc. purchased a new stake in Grupo Supervielle in the second quarter worth $2,178,000.

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.