Grupo Supervielle (NYSE:SUPV) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Grupo Supervielle (NYSE:SUPV) from a sell rating to a hold rating in a report issued on Sunday morning.

A number of other research analysts have also commented on the stock. JPMorgan Chase & Co. raised shares of 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. Morgan Stanley upgraded Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 price target on the stock in a research note on Monday, December 16th.

Grupo Supervielle Trading Down 12.4 %

Shares of Grupo Supervielle stock opened at $10.96 on Friday. The company has a market cap of $970.42 million, a price-to-earnings ratio of 15.22 and a beta of 2.02. Grupo Supervielle has a 1 year low of $5.00 and a 1 year high of $19.75. The company’s fifty day simple moving average is $14.21 and its 200-day simple moving average is $12.68. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.07.

Institutional Trading of Grupo Supervielle

Several institutional investors have recently made changes to their positions in SUPV. BNP Paribas Financial Markets lifted its stake in Grupo Supervielle by 449.1% during the third quarter. BNP Paribas Financial Markets now owns 61,303 shares of the company’s stock worth $436,000 after purchasing an additional 50,138 shares during the period. Verition Fund Management LLC bought a new position in shares of Grupo Supervielle during the 3rd quarter worth approximately $324,000. Benjamin Edwards Inc. acquired a new stake in Grupo Supervielle in the 3rd quarter valued at $283,000. Centiva Capital LP bought a new stake in Grupo Supervielle in the third quarter valued at $127,000. Finally, Point72 Asset Management L.P. acquired a new position in Grupo Supervielle during the third quarter worth $995,000.

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.