Banco Santander Mexico Sa Instcn De (BSMX) Stock Rating Lowered by Citigroup

Banco Santander Mexico Sa Instcn De (NYSE:BSMX) was downgraded by equities researchers at Citigroup from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Friday.

Other analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Banco Santander Mexico Sa Instcn De from a “hold” rating to a “strong-buy” rating and set a $9.00 target price on the stock in a research report on Thursday, October 18th. Scotia Howard Weill cut Banco Santander Mexico Sa Instcn De from an “outperform” rating to a “sector perform” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $8.00.

Banco Santander Mexico Sa Instcn De stock traded down $0.16 during midday trading on Friday, reaching $6.07. The company’s stock had a trading volume of 182,217 shares, compared to its average volume of 1,878,712. Banco Santander Mexico Sa Instcn De has a fifty-two week low of $5.68 and a fifty-two week high of $8.81. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market cap of $4.09 billion, a PE ratio of 8.80, a P/E/G ratio of 1.16 and a beta of 1.60.

Institutional investors and hedge funds have recently bought and sold shares of the company. Barings LLC acquired a new stake in shares of Banco Santander Mexico Sa Instcn De during the third quarter worth about $4,924,000. We Are One Seven LLC acquired a new position in Banco Santander Mexico Sa Instcn De in the 3rd quarter valued at about $142,000. Aperio Group LLC increased its position in Banco Santander Mexico Sa Instcn De by 459.8% in the 2nd quarter. Aperio Group LLC now owns 290,448 shares of the bank’s stock valued at $1,943,000 after acquiring an additional 238,561 shares during the period. Standard Life Aberdeen plc acquired a new position in Banco Santander Mexico Sa Instcn De in the 2nd quarter valued at about $11,549,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in Banco Santander Mexico Sa Instcn De by 9.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 400,026 shares of the bank’s stock valued at $2,676,000 after acquiring an additional 34,000 shares during the period. Institutional investors and hedge funds own 28.08% of the company’s stock.

About Banco Santander Mexico Sa Instcn De

Banco Santander (México), SA, Institución de Banca Múltiple, Grupo Financiero Santander México provides various banking products and services in Mexico. The company operates through Retail Banking and Global Corporate Banking segments. It offers various deposit products, such as current accounts, savings accounts, and time deposits, as well as certificates of interbank deposits; and payroll loans, personal loans, credit cards, mortgages, and insurance brokerage services.

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