Banco Santander Mexico Sa Instcn De (BSMX) Downgraded by Zacks Investment Research

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Zacks Investment Research lowered shares of Banco Santander Mexico Sa Instcn De (NYSE:BSMX) from a hold rating to a strong sell rating in a research note released on Monday morning.

According to Zacks, “Banco Santander, S.A. Institución de Banca Múltiple provides banking services to commercial and private customers. The company’s products and services consist of securities brokerage, financial advice services, as well as other related investment activities and operations aimed at individuals and small and medium enterprises. Banco Santander, S.A. Institución de Banca Múltiple, formerly known as Grupo Financiero Santander, is based in Mexico. “

BSMX has been the topic of several other reports. ValuEngine upgraded shares of Banco Santander Mexico Sa Instcn De from a strong sell rating to a sell rating in a report on Tuesday, January 15th. Citigroup lowered shares of Banco Santander Mexico Sa Instcn De from a buy rating to a neutral rating in a report on Friday, November 30th. JPMorgan Chase & Co. restated a neutral rating and issued a $7.40 price objective (down from $8.40) on shares of Banco Santander Mexico Sa Instcn De in a report on Thursday, February 7th. Credit Suisse Group lowered shares of Banco Santander Mexico Sa Instcn De from an outperform rating to a neutral rating in a report on Monday, December 10th. Finally, Scotia Howard Weill lowered shares of Banco Santander Mexico Sa Instcn De from an outperform rating to a sector perform rating in a report on Wednesday, November 28th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Banco Santander Mexico Sa Instcn De currently has an average rating of Hold and an average target price of $7.20.

Shares of BSMX stock opened at $6.92 on Monday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.86. Banco Santander Mexico Sa Instcn De has a one year low of $5.68 and a one year high of $8.81. The company has a market capitalization of $4.56 billion, a PE ratio of 9.23, a P/E/G ratio of 1.27 and a beta of 1.32.

A number of institutional investors have recently added to or reduced their stakes in the business. Capital World Investors acquired a new stake in Banco Santander Mexico Sa Instcn De during the 3rd quarter worth approximately $75,660,000. Macquarie Group Ltd. increased its position in shares of Banco Santander Mexico Sa Instcn De by 2.9% in the 3rd quarter. Macquarie Group Ltd. now owns 9,249,737 shares of the bank’s stock valued at $71,778,000 after purchasing an additional 260,110 shares during the last quarter. Schroder Investment Management Group increased its position in shares of Banco Santander Mexico Sa Instcn De by 11.2% in the 3rd quarter. Schroder Investment Management Group now owns 3,739,000 shares of the bank’s stock valued at $29,015,000 after purchasing an additional 377,700 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Banco Santander Mexico Sa Instcn De by 2.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,131,455 shares of the bank’s stock valued at $24,291,000 after purchasing an additional 60,593 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of Banco Santander Mexico Sa Instcn De by 14.1% in the 3rd quarter. Morgan Stanley now owns 1,458,382 shares of the bank’s stock valued at $11,317,000 after purchasing an additional 180,654 shares during the last quarter. Institutional investors own 26.24% of the company’s stock.

About Banco Santander Mexico Sa Instcn De

Banco Santander (México), SA, Institución de Banca Múltiple, Grupo Financiero Santander México provides various banking products and services in Mexico. The company operates through Retail Banking and Global Corporate Banking segments. It offers various deposit products, such as current accounts, savings accounts, and time deposits, as well as certificates of interbank deposits; and payroll loans, personal loans, credit cards, mortgages, and insurance brokerage services.

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