Grupo Supervielle S.A. (NYSE:SUPV) Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA raised its stake in Grupo Supervielle S.A. (NYSE:SUPV - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,227,122 shares of the company's stock after buying an additional 69,197 shares during the period. Pictet Asset Management Holding SA owned approximately 1.39% of Grupo Supervielle worth $18,542,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. RWC Asset Management LLP purchased a new stake in shares of Grupo Supervielle in the 4th quarter worth about $11,251,000. JPMorgan Chase & Co. lifted its holdings in shares of Grupo Supervielle by 12.2% in the fourth quarter. JPMorgan Chase & Co. now owns 420,286 shares of the company's stock valued at $6,351,000 after purchasing an additional 45,771 shares in the last quarter. Sparta 24 Ltd. acquired a new stake in shares of Grupo Supervielle in the fourth quarter valued at approximately $2,192,000. Point72 Asset Management L.P. purchased a new position in shares of Grupo Supervielle during the 3rd quarter worth approximately $995,000. Finally, TT International Asset Management LTD raised its position in shares of Grupo Supervielle by 539.9% during the 4th quarter. TT International Asset Management LTD now owns 116,086 shares of the company's stock worth $1,754,000 after purchasing an additional 97,946 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SUPV. JPMorgan Chase & Co. raised Grupo Supervielle from an "underweight" rating to a "neutral" rating and set a $15.00 price target for the company in a research report on Thursday, December 12th. StockNews.com raised shares of Grupo Supervielle from a "sell" rating to a "hold" rating in a research note on Sunday. Finally, Morgan Stanley raised shares of Grupo Supervielle from an "underweight" rating to an "overweight" rating and set a $19.00 price target on the stock in a research note on Monday, December 16th.

Grupo Supervielle Trading Down 12.4 %

Grupo Supervielle stock traded down $1.55 during trading on Friday, hitting $10.96. The company's stock had a trading volume of 2,161,838 shares, compared to its average volume of 1,232,876. The stock's fifty day moving average is $14.21 and its 200 day moving average is $12.68. Grupo Supervielle S.A. has a 1-year low of $5.00 and a 1-year high of $19.75. The stock has a market capitalization of $970.42 million, a price-to-earnings ratio of 15.22 and a beta of 2.02. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.86 and a current ratio of 0.86.

Grupo Supervielle 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.