Zacks Investment Research Lowers Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) to Hold

Zacks Investment Research lowered shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) from a buy rating to a hold rating in a report released on Tuesday.

According to Zacks, “Grupo Financiero Santander Mexico SAB de CV is engaged in providing various banking services primarily in Mexico. It provides multiple banking services, securities brokerage, financial advice services, as well as other related investment activities. The company also offers pension and investment funds; cards and other structured products; and treasury management, merchant, trust, life insurance, online collection, tax payment, payroll, and cash management services. Grupo Financiero Santander Mexico SAB de CV is based in Mexico City, Mexico. “

Several other research analysts also recently issued reports on the stock. BidaskClub downgraded shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a hold rating to a sell rating in a report on Tuesday. ValuEngine upgraded shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a hold rating to a buy rating in a report on Monday, October 2nd. Credit Suisse Group downgraded shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from an outperform rating to a neutral rating in a report on Tuesday, September 19th. Goldman Sachs Group, Inc. (The) upgraded shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a sell rating to a neutral rating and set a $10.60 price objective on the stock in a report on Monday, September 11th. Finally, TheStreet upgraded shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a c rating to a b- rating in a report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Grupo Financiero Santander Mexico S.A. B. de C.V. presently has a consensus rating of Hold and an average price target of $9.70.

Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) opened at 9.50 on Tuesday. Grupo Financiero Santander Mexico S.A. B. de C.V. has a 52-week low of $6.73 and a 52-week high of $10.82. The firm has a 50-day moving average of $10.08 and a 200-day moving average of $9.73. The stock has a market capitalization of $12.88 billion, a PE ratio of 12.42 and a beta of 1.38.

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) last announced its earnings results on Friday, July 28th. The bank reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. Grupo Financiero Santander Mexico S.A. B. de C.V. had a net margin of 15.97% and a return on equity of 15.11%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $963.79 million. On average, equities analysts expect that Grupo Financiero Santander Mexico S.A. B. de C.V. will post $0.73 EPS for the current year.

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Large investors have recently added to or reduced their stakes in the business. Huntington National Bank boosted its position in Grupo Financiero Santander Mexico S.A. B. de C.V. by 4.1% in the second quarter. Huntington National Bank now owns 11,891 shares of the bank’s stock valued at $115,000 after buying an additional 463 shares in the last quarter. Atria Investments LLC acquired a new position in Grupo Financiero Santander Mexico S.A. B. de C.V. in the second quarter valued at about $167,000. NN Investment Partners Holdings N.V. acquired a new position in Grupo Financiero Santander Mexico S.A. B. de C.V. in the second quarter valued at about $213,000. Paragon Capital Management Ltd boosted its position in Grupo Financiero Santander Mexico S.A. B. de C.V. by 42.8% in the second quarter. Paragon Capital Management Ltd now owns 33,429 shares of the bank’s stock valued at $322,000 after buying an additional 10,017 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in Grupo Financiero Santander Mexico S.A. B. de C.V. in the second quarter valued at about $364,000. Hedge funds and other institutional investors own 30.87% of the company’s stock.

About Grupo Financiero Santander Mexico S.A. B. de C.V.

Grupo Financiero Santander Mexico SAB de CV, formerly Santander Mexico Financial Group SAB de CV or Grupo Financiero Santander SAB de CV, is a Mexico-based financial institution. The Company is primarily engaged in the provision of multiple banking services, securities brokerage, financial advice services, as well as other related investment activities.

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Analyst Recommendations for Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX)

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