Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued 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. “

BSMX has been the topic of several other reports. Goldman Sachs Group Inc upgraded Grupo Financiero Santander Mexico S.A. B. de C.V. from a “sell” rating to a “neutral” rating and set a $10.60 price objective on the stock in a report on Monday, September 11th. TheStreet upgraded 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. BidaskClub downgraded Grupo Financiero Santander Mexico S.A. B. de C.V. from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. ValuEngine downgraded 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. Finally, Citigroup Inc. upgraded 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. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Grupo Financiero Santander Mexico S.A. B. de C.V. presently has an average rating of “Hold” and an average target price of $9.70.

Shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE BSMX) traded down 1.31% during midday trading on Monday, reaching $9.83. The company had a trading volume of 1,917,991 shares. Grupo Financiero Santander Mexico S.A. B. de C.V. has a 1-year low of $6.73 and a 1-year high of $10.82. The stock has a market capitalization of $13.32 billion, a price-to-earnings ratio of 12.85 and a beta of 1.39. The firm’s 50 day moving average price is $10.42 and its 200-day moving average price is $9.53.

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) last released its quarterly earnings data on Friday, July 28th. The bank reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. The company 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 return on equity of 15.11% and a net margin of 15.97%. Equities research analysts expect that Grupo Financiero Santander Mexico S.A. B. de C.V. will post $0.73 EPS for the current fiscal year.

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Large investors have recently made changes to their positions in the company. 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 acquiring an additional 10,873 shares during the period. Global X Management Co. LLC purchased a new position in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. in the 2nd quarter valued at $10,334,000. Flossbach Von Storch AG increased its holdings in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. by 33.3% in the 2nd quarter. Flossbach Von Storch AG now owns 200,000 shares of the bank’s stock valued at $1,928,000 after acquiring an additional 50,000 shares during the period. Eqis Capital Management Inc. increased its holdings in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. by 3.0% in the 2nd quarter. Eqis Capital Management Inc. now owns 39,668 shares of the bank’s stock valued at $382,000 after acquiring an additional 1,161 shares during the period. Finally, Principal Financial Group Inc. purchased a new position in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. in the 2nd quarter valued at $23,484,000. Institutional investors and hedge funds own 30.87% 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.

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