Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) was downgraded by investment analysts at Credit Suisse Group from a “neutral” rating to an “underperform” rating in a note issued to investors on Tuesday.
A number of other equities research analysts also recently weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from an “overweight” rating to a “hold” rating and lowered their target price for the company from $11.00 to $10.00 in a research note on Wednesday, November 1st. TheStreet downgraded shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a “b-” rating to a “c+” rating in a research note on Thursday, November 9th. Scotia Howard Weill raised shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from an “underperform” rating to a “sector perform” rating in a research note on Monday, November 27th. Zacks Investment Research raised shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a “sell” rating to a “hold” rating in a research note on Monday, December 4th. Finally, BidaskClub downgraded shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $9.62.
Shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) traded down $0.03 during trading on Tuesday, hitting $7.66. 3,151,818 shares of the stock were exchanged, compared to its average volume of 2,360,170. Grupo Financiero Santander Mexico S.A. B. de C.V. has a 52-week low of $6.89 and a 52-week high of $10.82. The stock has a market capitalization of $10,310.00, a P/E ratio of 12.16, a price-to-earnings-growth ratio of 1.43 and a beta of 1.35. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.01 and a current ratio of 1.01.
Institutional investors and hedge funds have recently made changes to their positions in the stock. 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 valued at $2,829,000 after purchasing an additional 235,372 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. during the third quarter worth approximately $454,000. Banco BTG Pactual S.A. raised its stake in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. by 46.1% during the second quarter. Banco BTG Pactual S.A. now owns 179,612 shares of the bank’s stock worth $1,731,000 after acquiring an additional 56,705 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. by 5.4% during the third quarter. Macquarie Group Ltd. now owns 6,893,231 shares of the bank’s stock worth $69,552,000 after acquiring an additional 352,080 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. during the third quarter worth approximately $412,000. 29.45% of the stock is currently owned by institutional investors and hedge funds.
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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.
