Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) Lowered to “Sell” at BidaskClub

BidaskClub cut shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) from a hold rating to a sell rating in a research note published on Tuesday.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a buy rating to a hold rating in a report on Thursday, September 14th. 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 target price on the stock in a report on Monday, September 11th. 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. 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 Tuesday, July 25th. Finally, Citigroup Inc. upgraded shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a neutral rating to a buy rating in a report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Grupo Financiero Santander Mexico S.A. B. de C.V. currently has an average rating of Hold and a consensus price target of $9.70.

Shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) opened at 9.41 on Tuesday. The company’s 50 day moving average is $10.15 and its 200 day moving average is $9.73. The company has a market capitalization of $12.76 billion, a P/E ratio of 12.30 and a beta of 1.38. Grupo Financiero Santander Mexico S.A. B. de C.V. has a 12-month low of $6.73 and a 12-month high of $10.82.

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) last issued its earnings results on Friday, July 28th. The bank reported $0.18 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.18. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $963.79 million. 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%. Analysts expect that Grupo Financiero Santander Mexico S.A. B. de C.V. will post $0.73 earnings per share for the current fiscal year.

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Hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA boosted its position in Grupo Financiero Santander Mexico S.A. B. de C.V. by 4.6% during the second quarter. BNP Paribas Arbitrage SA now owns 249,125 shares of the bank’s stock worth $2,402,000 after purchasing an additional 10,873 shares during the period. Principal Financial Group Inc. bought a new position in Grupo Financiero Santander Mexico S.A. B. de C.V. during the second quarter worth $23,484,000. Global X Management Co. LLC bought a new position in Grupo Financiero Santander Mexico S.A. B. de C.V. during the second quarter worth $10,334,000. Flossbach Von Storch AG boosted its position in Grupo Financiero Santander Mexico S.A. B. de C.V. by 33.3% during the second quarter. Flossbach Von Storch AG now owns 200,000 shares of the bank’s stock worth $1,928,000 after purchasing an additional 50,000 shares during the period. Finally, Eqis Capital Management Inc. boosted its position in Grupo Financiero Santander Mexico S.A. B. de C.V. by 3.0% during the second quarter. Eqis Capital Management Inc. now owns 39,668 shares of the bank’s stock worth $382,000 after purchasing an additional 1,161 shares during the period. 30.87% of the stock is owned by hedge funds and other institutional investors.

Grupo Financiero Santander Mexico S.A. B. de C.V. Company Profile

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.

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

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