Grupo Supervielle (NYSE:SUPV) Hits New 12-Month High – What’s Next?

Grupo Supervielle S.A. (NYSE:SUPV) shares hit a new 52-week high on Thursday . The company traded as high as $16.50 and last traded at $16.45, with a volume of 756438 shares traded. The stock had previously closed at $15.11.

Analyst Ratings Changes

Several research analysts recently issued reports on SUPV shares. Morgan Stanley upgraded Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 price objective for the company in a research report on Monday, December 16th. JPMorgan Chase & Co. upgraded Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price objective on the stock in a research report on Thursday, December 12th.

Grupo Supervielle Stock Up 8.9 %

The firm has a market cap of $1.50 billion, a PE ratio of 22.86 and a beta of 2.06. The firm’s 50 day moving average is $11.92 and its 200-day moving average is $8.74.

Institutional Investors Weigh In On Grupo Supervielle

Several hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its holdings in shares of Grupo Supervielle by 129.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 374,515 shares of the company’s stock worth $2,663,000 after acquiring an additional 211,166 shares during the period. Virtu Financial LLC acquired a new position in Grupo Supervielle during the third quarter worth approximately $620,000. Insigneo Advisory Services LLC raised its stake in Grupo Supervielle by 60.8% during the third 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 during the period. Jane Street Group LLC acquired a new position in shares of Grupo Supervielle in the 3rd quarter valued at $749,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Grupo Supervielle during the 3rd quarter valued at $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.