Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) from a buy rating to a hold rating in a research report report published on Wednesday morning.

According to Zacks, “Grupo Financiero Santander Mexico SAB de CV is engaged in providing various banking services primarily in Mexico. It provides multiple banking services, securities brokerage, financial advice services, as well as other related investment activities. The company also offers pension and investment funds; cards and other structured products; and treasury management, merchant, trust, life insurance, online collection, tax payment, payroll, and cash management services. Grupo Financiero Santander Mexico SAB de CV is based in Mexico City, Mexico. “

A number of other research analysts also recently commented on BSMX. Credit Suisse Group downgraded Grupo Financiero Santander Mexico S.A. B. de C.V. from a neutral rating to an underperform rating in a report on Tuesday. BidaskClub downgraded Grupo Financiero Santander Mexico S.A. B. de C.V. from a hold rating to a sell rating in a report on Tuesday, October 10th. ValuEngine raised 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. JPMorgan Chase & Co. reissued a neutral rating on shares of Grupo Financiero Santander Mexico S.A. B. de C.V. in a report on Thursday, November 2nd. Finally, Scotia Howard Weill raised Grupo Financiero Santander Mexico S.A. B. de C.V. from an underperform rating to a sector perform rating in a report on Monday, November 27th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Grupo Financiero Santander Mexico S.A. B. de C.V. has a consensus rating of Hold and an average target price of $9.62.

Shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) traded up $0.02 on Wednesday, reaching $7.72. The company had a trading volume of 918,681 shares, compared to its average volume of 2,172,183. The stock has a market capitalization of $5,089.44, a P/E ratio of 11.35, a P/E/G ratio of 1.42 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 has a debt-to-equity ratio of 0.87, a current ratio of 1.01 and a quick ratio of 1.01.

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) last issued its quarterly earnings results on Thursday, October 26th. The bank reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Grupo Financiero Santander Mexico S.A. B. de C.V. had a net margin of 17.80% and a return on equity of 15.27%. sell-side analysts anticipate that Grupo Financiero Santander Mexico S.A. B. de C.V. will post 0.74 earnings per share for the current year.

The company also recently disclosed a None dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, January 26th will be paid a dividend of $0.059 per share. This represents a yield of 0.0077023498694517%. The ex-dividend date is Thursday, January 25th. Grupo Financiero Santander Mexico S.A. B. de C.V.’s payout ratio is currently 50.00%.

A number of hedge funds and other institutional investors have recently made changes to their positions in BSMX. JPMorgan Chase & Co. raised its stake in Grupo Financiero Santander Mexico S.A. B. de C.V. by 247.0% during the second quarter. JPMorgan Chase & Co. now owns 738,423 shares of the bank’s stock valued at $7,117,000 after buying an additional 525,642 shares in the last quarter. Quantitative Investment Management LLC acquired a new stake in Grupo Financiero Santander Mexico S.A. B. de C.V. during the second quarter valued at approximately $735,000. Northern Trust Corp raised its stake in Grupo Financiero Santander Mexico S.A. B. de C.V. by 49.2% during the second quarter. Northern Trust Corp now owns 1,057,865 shares of the bank’s stock valued at $10,198,000 after buying an additional 348,948 shares in the last quarter. OxFORD Asset Management LLP acquired a new stake in Grupo Financiero Santander Mexico S.A. B. de C.V. during the second quarter valued at approximately $434,000. Finally, State Street Corp raised its stake in Grupo Financiero Santander Mexico S.A. B. de C.V. by 2.9% during the second quarter. State Street Corp now owns 45,899 shares of the bank’s stock valued at $442,000 after buying an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 29.45% of the company’s stock.

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About Grupo Financiero Santander Mexico S.A. B. de C.V.

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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