Grupo Supervielle (NYSE:SUPV) Upgraded at 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 published on Thursday, MarketBeat.com reports. JPMorgan Chase & Co. currently has $15.00 price objective on the stock.

Grupo Supervielle Price Performance

Shares of Grupo Supervielle stock opened at $13.22 on Thursday. The firm has a fifty day moving average price of $9.95 and a two-hundred day moving average price of $7.96. Grupo Supervielle has a fifty-two week low of $3.33 and a fifty-two week high of $13.50.

Hedge Funds Weigh In On Grupo Supervielle

Several large investors have recently added to or reduced their stakes in SUPV. Mak Capital One LLC increased its position in shares of Grupo Supervielle by 37.6% during the second quarter. Mak Capital One LLC now owns 2,054,581 shares of the company’s stock valued at $13,930,000 after purchasing an additional 561,720 shares during the period. Ping Capital Management Inc. acquired a new stake in Grupo Supervielle during the second quarter worth $2,178,000. Acadian Asset Management LLC increased its holdings in Grupo Supervielle by 563.5% in the 2nd 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 period. Point72 Asset Management L.P. bought a new stake in Grupo Supervielle in the 3rd quarter valued at $995,000. Finally, Jane Street Group LLC acquired a new position in shares of Grupo Supervielle in the 3rd quarter valued at $749,000.

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.