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

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

Grupo Supervielle Price Performance

Shares of SUPV stock opened at $13.22 on Monday. 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 is $9.95 and its 200 day moving average is $7.97.

Hedge Funds Weigh In On Grupo Supervielle

Large investors have recently made changes to their positions in the business. Virtu Financial LLC purchased a new stake in shares of Grupo Supervielle during the third quarter worth about $620,000. Insigneo Advisory Services LLC boosted its stake in Grupo Supervielle by 60.8% in the 3rd quarter. Insigneo Advisory Services LLC now owns 47,749 shares of the company’s stock worth $339,000 after purchasing an additional 18,060 shares in the last quarter. Jane Street Group LLC purchased a new stake in Grupo Supervielle during the 3rd quarter worth approximately $749,000. Point72 Asset Management L.P. acquired a new position in Grupo Supervielle during the 3rd quarter valued at approximately $995,000. Finally, Centiva Capital LP purchased a new position in shares of Grupo Supervielle in the third quarter worth $127,000.

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.