Grupo Supervielle (NYSE:SUPV) Shares Up 5.8% – Should You Buy?

Grupo Supervielle S.A. (NYSE:SUPV)’s stock price rose 5.8% during trading on Tuesday . The company traded as high as $18.68 and last traded at $18.66. Approximately 1,231,892 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 1,540,462 shares. The stock had previously closed at $17.64.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SUPV. JPMorgan Chase & Co. raised Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price objective on the stock in a research note on Thursday, December 12th. Morgan Stanley raised Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 price objective for the company in a research note on Monday, December 16th.

Grupo Supervielle Price Performance

The stock has a market capitalization of $1.65 billion, a PE ratio of 25.04 and a beta of 1.96. The company has a 50 day moving average price of $12.42 and a 200-day moving average price of $8.97.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Mak Capital One LLC boosted its stake in Grupo Supervielle by 37.6% during the second quarter. Mak Capital One LLC now owns 2,054,581 shares of the company’s stock worth $13,930,000 after acquiring an additional 561,720 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Grupo Supervielle by 129.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 374,515 shares of the company’s stock worth $2,663,000 after buying an additional 211,166 shares during the last quarter. Ping Capital Management Inc. bought a new position in Grupo Supervielle during the 2nd quarter valued at approximately $2,178,000. Acadian Asset Management LLC raised its stake in Grupo Supervielle by 563.5% during the second quarter. Acadian Asset Management LLC now owns 201,552 shares of the company’s stock valued at $1,366,000 after buying an additional 171,173 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Grupo Supervielle in the third quarter worth $995,000.

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.