Grupo Supervielle (NYSE:SUPV) Stock Rating Upgraded by JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Grupo Supervielle (NYSE:SUPV) from an underweight rating to a neutral rating in a research note released on Thursday, Marketbeat Ratings reports. They currently have $15.00 target price on the stock.

Grupo Supervielle Stock Performance

SUPV opened at $13.28 on Thursday. The stock’s fifty day moving average is $9.83 and its two-hundred day moving average is $7.90. Grupo Supervielle has a 52 week low of $3.33 and a 52 week high of $13.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Centiva Capital LP purchased a new stake in shares of Grupo Supervielle in the 3rd quarter worth approximately $127,000. Insigneo Advisory Services LLC increased its holdings 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 buying an additional 18,060 shares during the period. Quantbot Technologies LP lifted its holdings in Grupo Supervielle by 212.9% during the third quarter. Quantbot Technologies LP now owns 28,807 shares of the company’s stock worth $205,000 after buying an additional 19,602 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Grupo Supervielle during the third quarter worth $145,000. Finally, Benjamin Edwards Inc. bought a new stake in Grupo Supervielle during the 3rd quarter valued at $283,000.

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.