Grupo Supervielle (NYSE:SUPV) Upgraded to “Neutral” at JPMorgan Chase & Co.

Grupo Supervielle (NYSE:SUPV) was upgraded by JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research report issued on Thursday, Marketbeat reports. The brokerage currently has a $15.00 target price on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 13.55% from the stock’s previous close.

Grupo Supervielle Price Performance

Grupo Supervielle stock opened at $13.21 on Thursday. Grupo Supervielle has a 52 week low of $3.33 and a 52 week high of $13.50. The company’s 50-day moving average price is $9.95 and its two-hundred day moving average price is $7.95.

Institutional Trading of Grupo Supervielle

Hedge funds have recently made changes to their positions in the stock. Centiva Capital LP bought a new position in Grupo Supervielle during the third quarter valued at approximately $127,000. Insigneo Advisory Services LLC raised its position in Grupo Supervielle by 60.8% during the third quarter. Insigneo Advisory Services LLC now owns 47,749 shares of the company’s stock valued at $339,000 after acquiring an additional 18,060 shares in the last quarter. Quantbot Technologies LP raised its position in Grupo Supervielle by 212.9% during the third quarter. Quantbot Technologies LP now owns 28,807 shares of the company’s stock valued at $205,000 after acquiring an additional 19,602 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Grupo Supervielle during the third quarter valued at approximately $145,000. Finally, Benjamin Edwards Inc. bought a new position in shares of Grupo Supervielle in the third quarter valued at approximately $283,000.

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.