Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX)‘s stock had its “neutral” rating reaffirmed by research analysts at J P Morgan Chase & Co in a research note issued on Thursday.

A number of other analysts have also issued reports on BSMX. Goldman Sachs Group, Inc. (The) raised 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 for the company in a research note on Monday, September 11th. Zacks Investment Research raised shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Monday, September 4th. BidaskClub lowered shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 31st. Credit Suisse Group lowered shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 19th. Finally, Citigroup Inc. raised shares of 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. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $10.53.

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vontobel Asset Management Inc. boosted its position in Grupo Financiero Santander Mexico S.A. B. de C.V. by 307.4% in the third quarter. Vontobel Asset Management Inc. now owns 28,091,090 shares of the bank’s stock valued at $250,470,000 after buying an additional 21,195,116 shares during the last quarter. Commonwealth Bank of Australia boosted its position in Grupo Financiero Santander Mexico S.A. B. de C.V. by 9.7% in the 3rd quarter. Commonwealth Bank of Australia now owns 24,873,225 shares of the bank’s stock worth $218,885,000 after purchasing an additional 2,206,017 shares in the last quarter. Carmignac Gestion boosted its position in Grupo Financiero Santander Mexico S.A. B. de C.V. by 1.2% in the 3rd quarter. Carmignac Gestion now owns 20,682,727 shares of the bank’s stock worth $182,008,000 after purchasing an additional 243,200 shares in the last quarter. Macquarie Group Ltd. boosted its position in Grupo Financiero Santander Mexico S.A. B. de C.V. by 7.1% in the 2nd quarter. Macquarie Group Ltd. now owns 4,322,916 shares of the bank’s stock worth $39,297,000 after purchasing an additional 284,800 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new stake in Grupo Financiero Santander Mexico S.A. B. de C.V. in the 4th quarter worth approximately $24,438,000. Hedge funds and other institutional investors own 30.95% of the company’s stock.

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.

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

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