Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) was upgraded by equities research analysts at Goldman Sachs Group, Inc. (The) from a “sell” rating to a “neutral” rating in a report released on Monday.

BSMX has been the topic of several other research reports. Zacks Investment Research upgraded shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Tuesday, July 18th. ValuEngine 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 Saturday, August 12th. 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. BidaskClub downgraded shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 31st. 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. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $9.20.

Shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE BSMX) traded up 2.08% during mid-day trading on Monday, hitting $10.33. 820,635 shares of the stock were exchanged. The stock’s 50 day moving average is $10.45 and its 200-day moving average is $9.40. 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. The stock has a market cap of $14.00 billion, a PE ratio of 13.68 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 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ 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, analysts anticipate that Grupo Financiero Santander Mexico S.A. B. de C.V. will post $0.74 EPS for the current year.

WARNING: “Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) Stock Rating Upgraded by Goldman Sachs Group, Inc. (The)” was first reported by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another website, it was copied illegally and reposted in violation of international copyright legislation. The original version of this article can be read at https://www.americanbankingnews.com/2017/09/11/grupo-financiero-santander-mexico-s-a-b-de-c-v-bsmx-stock-rating-upgraded-by-goldman-sachs-group-inc-the.html.

Large investors have recently modified their holdings of the stock. Huntington National Bank increased its holdings in Grupo Financiero Santander Mexico S.A. B. de C.V. by 4.1% in the 2nd quarter. Huntington National Bank now owns 11,891 shares of the bank’s stock worth $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. in the 2nd quarter worth approximately $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 2nd quarter worth approximately $213,000. Paragon Capital Management Ltd increased its holdings in Grupo Financiero Santander Mexico S.A. B. de C.V. by 42.8% in the 2nd quarter. Paragon Capital Management Ltd now owns 33,429 shares of the bank’s stock worth $322,000 after buying an additional 10,017 shares during the period. Finally, Virtu Financial LLC acquired a new position in Grupo Financiero Santander Mexico S.A. B. de C.V. in the 2nd quarter worth approximately $364,000. Institutional investors own 31.25% of the company’s stock.

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.

Receive News & Ratings for Grupo Financiero Santander Mexico S.A. B. de C.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Financiero Santander Mexico S.A. B. de C.V. and related companies with MarketBeat.com's FREE daily email newsletter.