Santander Mexico Fincl Gp SAB deCV (NYSE:BSMX) has received a consensus recommendation of “Hold” from the five brokerages that are presently covering the stock. Two analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $9.05.

A number of equities analysts have issued reports on BSMX shares. Zacks Investment Research upgraded Santander Mexico Fincl Gp SAB deCV from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 1st. Deutsche Bank AG upgraded Santander Mexico Fincl Gp SAB deCV from a “sell” rating to a “hold” rating in a research report on Monday, December 19th.

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Institutional investors have recently modified their holdings of the company. Vontobel Asset Management Inc. increased its position in shares of Santander Mexico Fincl Gp SAB deCV by 307.4% in the third quarter. Vontobel Asset Management Inc. now owns 28,091,090 shares of the company’s stock worth $250,470,000 after buying an additional 21,195,116 shares in the last quarter. Rit Capital Partners PLC acquired a new position in shares of Santander Mexico Fincl Gp SAB deCV during the third quarter worth about $1,320,000. GLG Partners LP increased its position in shares of Santander Mexico Fincl Gp SAB deCV by 51.8% in the fourth quarter. GLG Partners LP now owns 402,708 shares of the company’s stock worth $2,895,000 after buying an additional 137,398 shares in the last quarter. Commonwealth Bank of Australia increased its position in shares of Santander Mexico Fincl Gp SAB deCV by 9.7% in the third quarter. Commonwealth Bank of Australia now owns 24,873,225 shares of the company’s stock worth $218,885,000 after buying an additional 2,206,017 shares in the last quarter. Finally, Carmignac Gestion increased its position in shares of Santander Mexico Fincl Gp SAB deCV by 1.2% in the third quarter. Carmignac Gestion now owns 20,682,727 shares of the company’s stock worth $182,008,000 after buying an additional 243,200 shares in the last quarter. Institutional investors own 31.26% of the company’s stock.

Santander Mexico Fincl Gp SAB deCV (NYSE:BSMX) opened at 8.28 on Tuesday. Santander Mexico Fincl Gp SAB deCV has a one year low of $6.73 and a one year high of $10.13. The stock has a 50 day moving average price of $7.50 and a 200-day moving average price of $7.96. The stock has a market cap of $11.23 billion, a PE ratio of 14.03 and a beta of 1.43.

About Santander Mexico Fincl Gp SAB deCV

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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