Morgan Stanley Upgrades Grupo Supervielle (NYSE:SUPV) to “Overweight”

Grupo Supervielle (NYSE:SUPV) was upgraded by research analysts at Morgan Stanley from an “underweight” rating to an “overweight” rating in a report issued on Monday, Marketbeat Ratings reports. The firm currently has a $19.00 price objective on the stock. Morgan Stanley’s price target would suggest a potential upside of 43.72% from the company’s previous close.

Separately, JPMorgan Chase & Co. raised shares of Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price target on the stock in a report on Thursday.

Grupo Supervielle Stock Performance

Shares of NYSE SUPV opened at $13.22 on Monday. Grupo Supervielle has a 12 month low of $3.33 and a 12 month high of $13.50. The company has a 50 day simple moving average of $9.95 and a two-hundred day simple moving average of $7.97.

Institutional Trading of Grupo Supervielle

Hedge funds have recently added to or reduced their stakes in the company. Centiva Capital LP acquired a new position in shares of Grupo Supervielle in the third quarter worth about $127,000. Insigneo Advisory Services LLC increased its stake in shares of Grupo Supervielle by 60.8% in the 3rd quarter. Insigneo Advisory Services LLC now owns 47,749 shares of the company’s stock valued at $339,000 after purchasing an additional 18,060 shares in the last quarter. Quantbot Technologies LP raised its holdings in Grupo Supervielle by 212.9% in the 3rd quarter. Quantbot Technologies LP now owns 28,807 shares of the company’s stock worth $205,000 after purchasing an additional 19,602 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Grupo Supervielle in the 3rd quarter worth about $145,000. Finally, Benjamin Edwards Inc. purchased a new position in Grupo Supervielle during the third quarter worth approximately $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.