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

Zacks Investment Research upgraded shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) from a sell rating to a hold rating in a research note released on Monday.

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 equities research analysts have also recently commented on the stock. J P Morgan Chase & Co cut shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from an overweight rating to a hold rating and dropped their price target for the stock from $11.00 to $10.00 in a research report on Wednesday, November 1st. Goldman Sachs Group 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 target on the stock in a research report on Monday, September 11th. BidaskClub cut shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a strong-buy rating to a buy rating in a research report on Thursday, August 31st. Credit Suisse Group cut shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from an outperform rating to a neutral rating in a research report on Tuesday, September 19th. Finally, TheStreet cut shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a b- rating to a c+ rating in a research report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. Grupo Financiero Santander Mexico S.A. B. de C.V. presently has a consensus rating of Hold and a consensus price target of $10.53.

Shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE BSMX) opened at $7.74 on Monday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.01 and a quick ratio of 1.01. Grupo Financiero Santander Mexico S.A. B. de C.V. has a 1 year low of $6.89 and a 1 year high of $10.82. The company has a market cap of $5,149.23, a PE ratio of 11.40, a price-to-earnings-growth ratio of 1.58 and a beta of 1.35.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp raised its holdings in Grupo Financiero Santander Mexico S.A. B. de C.V. by 2.9% during the 2nd quarter. State Street Corp now owns 45,899 shares of the bank’s stock worth $442,000 after buying an additional 1,300 shares during the period. Aperio Group LLC raised its holdings in Grupo Financiero Santander Mexico S.A. B. de C.V. by 10.5% during the 2nd quarter. Aperio Group LLC now owns 58,074 shares of the bank’s stock worth $560,000 after buying an additional 5,518 shares during the period. Sei Investments Co. raised its holdings in Grupo Financiero Santander Mexico S.A. B. de C.V. by 16.6% during the 2nd quarter. Sei Investments Co. now owns 49,192 shares of the bank’s stock worth $474,000 after buying an additional 6,992 shares during the period. BNP Paribas Arbitrage SA increased its holdings in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. by 4.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 249,125 shares of the bank’s stock valued at $2,402,000 after purchasing an additional 10,873 shares during the period. Finally, Visionary Asset Management Inc. acquired a new position in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. in the 3rd quarter valued at about $114,000. Hedge funds and other institutional investors own 29.45% of the company’s stock.

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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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