Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 7,748,987 shares, an increase of 49.7% from the November 30th total of 5,177,003 shares. Based on an average daily trading volume, of 2,628,125 shares, the short-interest ratio is currently 2.9 days.

A number of analysts have recently weighed in on BSMX shares. 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 Monday, October 2nd. 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 target price for the company in a report on Tuesday, September 26th. TheStreet lowered shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a “b-” rating to a “c+” rating in a report on Thursday, November 9th. BidaskClub lowered shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a “buy” rating to a “hold” rating in a report on Monday, September 18th. Finally, JPMorgan Chase & Co. lowered shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from an “overweight” rating to a “hold” rating and dropped their target price for the stock from $11.00 to $10.00 in a report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $9.62.

Several institutional investors have recently bought and sold shares of BSMX. Visionary Asset Management Inc. bought a new position in Grupo Financiero Santander Mexico S.A. B. de C.V. in the third quarter worth about $114,000. Jane Street Group LLC bought a new position in Grupo Financiero Santander Mexico S.A. B. de C.V. in the third quarter worth about $454,000. Nomura Asset Management Co. Ltd. bought a new position in Grupo Financiero Santander Mexico S.A. B. de C.V. in the third quarter worth about $229,000. OxFORD Asset Management LLP raised its stake in Grupo Financiero Santander Mexico S.A. B. de C.V. by 523.1% in the third quarter. OxFORD Asset Management LLP now owns 280,371 shares of the bank’s stock worth $2,829,000 after buying an additional 235,372 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC bought a new position in Grupo Financiero Santander Mexico S.A. B. de C.V. in the third quarter worth about $119,000. Institutional investors own 29.45% of the company’s stock.

Shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE BSMX) opened at $7.63 on Thursday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $4,856.89, a PE ratio of 11.22, a PEG ratio of 1.36 and a beta of 1.36. Grupo Financiero Santander Mexico S.A. B. de C.V. has a 1-year low of $6.89 and a 1-year high of $10.82.

The company also recently announced a None dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Tuesday, December 26th were issued a dividend of $0.18 per share. The ex-dividend date was Friday, December 22nd. This represents a dividend yield of 4.94%. Grupo Financiero Santander Mexico S.A. B. de C.V.’s dividend payout ratio is currently 50.00%.

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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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