Grupo Supervielle S.A. (NYSE:SUPV – Get Free Report) shares dropped 2.9% during trading on Monday . The stock traded as low as $13.69 and last traded at $13.77. Approximately 655,189 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 1,253,949 shares. The stock had previously closed at $14.18.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on SUPV shares. JPMorgan Chase & Co. upgraded Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 target price on the stock in a research note on Thursday, December 12th. StockNews.com lowered shares of Grupo Supervielle from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Morgan Stanley raised shares of Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 target price for the company in a research report on Monday, December 16th.
View Our Latest Analysis on SUPV
Grupo Supervielle Price Performance
Institutional Trading of Grupo Supervielle
Large investors have recently bought and sold shares of the stock. TT International Asset Management LTD increased its holdings in shares of Grupo Supervielle by 539.9% in the fourth quarter. TT International Asset Management LTD now owns 116,086 shares of the company’s stock valued at $1,754,000 after purchasing an additional 97,946 shares during the period. Jane Street Group LLC acquired a new position in Grupo Supervielle in the 3rd quarter worth approximately $749,000. Koshinski Asset Management Inc. purchased a new position in Grupo Supervielle during the 4th quarter worth approximately $289,000. Sparta 24 Ltd. acquired a new stake in Grupo Supervielle during the 4th quarter valued at approximately $2,192,000. Finally, JPMorgan Chase & Co. boosted its holdings 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 valued at $2,663,000 after acquiring an additional 211,166 shares during the last quarter.
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.
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