Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other analysts have also commented on BSMX. TheStreet raised Grupo Financiero Santander Mexico S.A. B. de C.V. from a “c” rating to a “b-” rating in a research note on Tuesday, August 1st. BidaskClub lowered Grupo Financiero Santander Mexico S.A. B. de C.V. from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research lowered Grupo Financiero Santander Mexico S.A. B. de C.V. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Citigroup Inc. raised Grupo Financiero Santander Mexico S.A. B. de C.V. from a “neutral” rating to a “buy” rating in a research note on Thursday, July 20th. Finally, J P Morgan Chase & Co raised Grupo Financiero Santander Mexico S.A. B. de C.V. from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $9.50 to $7.50 in a research note on Thursday, May 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Grupo Financiero Santander Mexico S.A. B. de C.V. has an average rating of “Hold” and an average price target of $8.87.

Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) remained flat at $10.39 during midday trading on Friday. 641,923 shares of the company’s stock were exchanged. Grupo Financiero Santander Mexico S.A. B. de C.V. has a 52 week low of $6.73 and a 52 week high of $10.70. The stock’s 50-day moving average is $10.09 and its 200 day moving average is $8.93. The firm has a market capitalization of $14.08 billion, a P/E ratio of 13.76 and a beta of 1.39.

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) last posted its quarterly earnings data on Friday, July 28th. The bank reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $963.79 million. Grupo Financiero Santander Mexico S.A. B. de C.V. had a return on equity of 15.11% and a net margin of 15.97%. Equities analysts predict that Grupo Financiero Santander Mexico S.A. B. de C.V. will post $0.72 EPS for the current year.

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Several hedge funds have recently bought and sold shares of BSMX. Huntington National Bank increased 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 during the period. Atria Investments LLC acquired a new position in Grupo Financiero Santander Mexico S.A. B. de C.V. during the second quarter valued at $167,000. NN Investment Partners Holdings N.V. acquired a new position in Grupo Financiero Santander Mexico S.A. B. de C.V. during the second quarter valued at $213,000. Paragon Capital Management Ltd increased 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 during the period. Finally, Quantitative Systematic Strategies LLC acquired a new position in Grupo Financiero Santander Mexico S.A. B. de C.V. during the first quarter valued at $312,000. 32.59% of the stock is currently owned by institutional investors and hedge funds.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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