Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) Downgraded by BidaskClub

BidaskClub cut shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) from a buy rating to a hold rating in a report published on Monday morning.

A number of other research firms also recently commented on BSMX. Zacks Investment Research upgraded 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 on the stock in a report on Tuesday, August 22nd. 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. ValuEngine upgraded Grupo Financiero Santander Mexico S.A. B. de C.V. from a hold rating to a buy rating in a report on Tuesday, July 25th. 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. Finally, Goldman Sachs Group, Inc. (The) 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. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Hold and an average price target of $9.70.

Shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) opened at 9.90 on Monday. The firm has a market cap of $13.42 billion, a P/E ratio of 13.11 and a beta of 1.39. The firm has a 50-day moving average price of $10.42 and a 200 day moving average price of $9.53. Grupo Financiero Santander Mexico S.A. B. de C.V. has a one year low of $6.73 and a one year high of $10.82.

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, meeting analysts’ consensus estimates of $0.18. 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%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $963.79 million. On average, analysts forecast that Grupo Financiero Santander Mexico S.A. B. de C.V. will post $0.74 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) Downgraded by BidaskClub” was first posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece of content can be accessed at https://www.chaffeybreeze.com/2017/09/21/grupo-financiero-santander-mexico-s-a-b-de-c-v-bsmx-downgraded-by-bidaskclub.html.

Large investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA grew its stake in Grupo Financiero Santander Mexico S.A. B. de C.V. by 4.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 249,125 shares of the bank’s stock worth $2,402,000 after buying an additional 10,873 shares during the last quarter. Global X Management Co. LLC purchased a new position in Grupo Financiero Santander Mexico S.A. B. de C.V. during the 2nd quarter worth approximately $10,334,000. Flossbach Von Storch AG grew its stake in Grupo Financiero Santander Mexico S.A. B. de C.V. by 33.3% during the 2nd quarter. Flossbach Von Storch AG now owns 200,000 shares of the bank’s stock worth $1,928,000 after buying an additional 50,000 shares during the last quarter. Eqis Capital Management Inc. grew its stake in Grupo Financiero Santander Mexico S.A. B. de C.V. by 3.0% during the 2nd quarter. Eqis Capital Management Inc. now owns 39,668 shares of the bank’s stock worth $382,000 after buying an additional 1,161 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new position in Grupo Financiero Santander Mexico S.A. B. de C.V. during the 2nd quarter worth approximately $23,484,000. Hedge funds and other institutional investors 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.

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

Receive News & Ratings for Grupo Financiero Santander Mexico S.A. B. de C.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Financiero Santander Mexico S.A. B. de C.V. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply