Brokerages Set Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) Target Price at $10.60

Shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) have been assigned a consensus rating of “Hold” from the nine brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $10.60.

A number of research firms have issued reports on BSMX. Zacks Investment Research downgraded Grupo Financiero Santander Mexico S.A. B. de C.V. from a “buy” rating to a “hold” rating in a research report on Thursday, September 14th. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Grupo Financiero Santander Mexico S.A. B. de C.V. in a research report on Thursday, November 2nd. Goldman Sachs Group 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 target for the company in a research report on Monday, September 11th. Scotia Howard Weill upgraded Grupo Financiero Santander Mexico S.A. B. de C.V. from an “underperform” rating to a “sector perform” rating in a research report on Monday, November 27th. Finally, BidaskClub cut Grupo Financiero Santander Mexico S.A. B. de C.V. from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th.

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE BSMX) traded up $0.10 during trading hours on Friday, reaching $7.56. The company’s stock had a trading volume of 4,899,500 shares, compared to its average volume of 1,696,017. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.87. Grupo Financiero Santander Mexico S.A. B. de C.V. has a twelve month low of $6.89 and a twelve month high of $10.82. The stock has a market capitalization of $4,956.55, a P/E ratio of 10.97, a P/E/G ratio of 1.52 and a beta of 1.35.

The business also recently declared a None dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Tuesday, December 26th will be given a $0.18 dividend. This represents a dividend yield of 4.94%. The ex-dividend date is Friday, December 22nd. Grupo Financiero Santander Mexico S.A. B. de C.V.’s dividend payout ratio (DPR) is presently 80.88%.

Several hedge funds and other institutional investors have recently made changes to their positions in BSMX. Aperio Group LLC boosted its stake in Grupo Financiero Santander Mexico S.A. B. de C.V. by 10.5% during the second quarter. Aperio Group LLC now owns 58,074 shares of the bank’s stock valued at $560,000 after buying an additional 5,518 shares during the period. Sei Investments Co. boosted its stake in Grupo Financiero Santander Mexico S.A. B. de C.V. by 16.6% during the second quarter. Sei Investments Co. now owns 49,192 shares of the bank’s stock valued at $474,000 after buying an additional 6,992 shares during the period. TD Asset Management Inc. boosted its stake in Grupo Financiero Santander Mexico S.A. B. de C.V. by 44.2% during the second quarter. TD Asset Management Inc. now owns 95,002 shares of the bank’s stock valued at $916,000 after buying an additional 29,140 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Grupo Financiero Santander Mexico S.A. B. de C.V. by 4.6% during the second quarter. BNP Paribas Arbitrage SA now owns 249,125 shares of the bank’s stock valued at $2,402,000 after buying an additional 10,873 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Grupo Financiero Santander Mexico S.A. B. de C.V. by 201.3% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 210,301 shares of the bank’s stock valued at $2,027,000 after buying an additional 140,500 shares during the period. Institutional investors own 29.45% of the company’s stock.

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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.

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

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