JPMorgan Chase & Co. Increases Holdings in Grupo Supervielle S.A. (NYSE:SUPV)

JPMorgan Chase & Co. grew its holdings in Grupo Supervielle S.A. (NYSE:SUPV - Free Report) by 129.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 374,515 shares of the company's stock after acquiring an additional 211,166 shares during the period. JPMorgan Chase & Co. owned 0.41% of Grupo Supervielle worth $2,663,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Centiva Capital LP bought a new stake in Grupo Supervielle during the 3rd quarter worth approximately $127,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Grupo Supervielle during the 3rd quarter valued at $145,000. Quantbot Technologies LP lifted its stake in shares of Grupo Supervielle by 212.9% during the 3rd quarter. Quantbot Technologies LP now owns 28,807 shares of the company's stock valued at $205,000 after buying an additional 19,602 shares in the last quarter. Benjamin Edwards Inc. bought a new position in Grupo Supervielle in the 3rd quarter worth $283,000. Finally, Precision Wealth Strategies LLC purchased a new stake in Grupo Supervielle in the 3rd quarter worth $317,000.

Grupo Supervielle Price Performance

SUPV stock traded up $1.02 during mid-day trading on Tuesday, hitting $17.81. The company had a trading volume of 1,391,842 shares, compared to its average volume of 1,810,303. The company has a 50-day moving average price of $14.21 and a 200 day moving average price of $9.79. Grupo Supervielle S.A. has a 12-month low of $3.70 and a 12-month high of $19.75. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 24.73 and a beta of 1.96. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.07.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last posted its earnings results on Monday, November 25th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.03). Grupo Supervielle had a return on equity of 15.92% and a net margin of 5.80%. On average, research analysts anticipate that Grupo Supervielle S.A. will post 1.5 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on SUPV. Morgan Stanley upgraded Grupo Supervielle from an "underweight" rating to an "overweight" rating and set a $19.00 price objective on the stock in a research report on Monday, December 16th. JPMorgan Chase & Co. raised Grupo Supervielle from an "underweight" rating to a "neutral" rating and set a $15.00 price target on the stock in a report on Thursday, December 12th.

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.