Pictet Asset Management Holding SA Boosts Position in Grupo Supervielle S.A. (NYSE:SUPV)

Pictet Asset Management Holding SA lifted its position in Grupo Supervielle S.A. (NYSE:SUPV) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,227,122 shares of the company’s stock after purchasing an additional 69,197 shares during the quarter. Pictet Asset Management Holding SA owned about 1.39% of Grupo Supervielle worth $18,542,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. RWC Asset Management LLP purchased a new stake in Grupo Supervielle in the fourth quarter valued at $11,251,000. JPMorgan Chase & Co. raised its holdings in Grupo Supervielle by 12.2% in the 4th quarter. JPMorgan Chase & Co. now owns 420,286 shares of the company’s stock valued at $6,351,000 after buying an additional 45,771 shares during the period. Sparta 24 Ltd. acquired a new position in Grupo Supervielle in the fourth quarter valued at about $2,192,000. Point72 Asset Management L.P. acquired a new position in Grupo Supervielle in the third quarter valued at about $995,000. Finally, TT International Asset Management LTD boosted its stake in Grupo Supervielle by 539.9% during the fourth quarter. TT International Asset Management LTD now owns 116,086 shares of the company’s stock worth $1,754,000 after buying an additional 97,946 shares during the period.

Grupo Supervielle Stock Up 0.7 %

Grupo Supervielle stock opened at $13.15 on Wednesday. The firm has a market capitalization of $1.16 billion, a P/E ratio of 18.26 and a beta of 2.02. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.07. Grupo Supervielle S.A. has a twelve month low of $5.00 and a twelve month high of $19.75. The stock’s fifty day simple moving average is $14.51 and its 200-day simple moving average is $12.60.

Wall Street Analyst Weigh In

SUPV has been the topic of several recent analyst reports. Morgan Stanley upgraded shares of Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 price objective on the stock in a report on Monday, December 16th. StockNews.com cut Grupo Supervielle from a “hold” rating to a “sell” rating in a report on Saturday. Finally, JPMorgan Chase & Co. upgraded shares of Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price target on the stock in a research note on Thursday, December 12th.

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.