Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) has received an average recommendation of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $7.80.

A number of analysts recently commented on BSMX shares. TheStreet raised Grupo Financiero Santander Mexico S.A. B. de C.V. from a “c” rating to a “b-” rating in a research note on Tuesday, August 1st. Zacks Investment Research raised Grupo Financiero Santander Mexico S.A. B. de C.V. from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Monday. BidaskClub lowered Grupo Financiero Santander Mexico S.A. B. de C.V. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 31st. ValuEngine raised Grupo Financiero Santander Mexico S.A. B. de C.V. from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Citigroup Inc. raised Grupo Financiero Santander Mexico S.A. B. de C.V. from a “neutral” rating to a “buy” rating in a research note on Thursday, July 20th.

A number of institutional investors and hedge funds have recently bought and sold shares of BSMX. Huntington National Bank raised its holdings in Grupo Financiero Santander Mexico S.A. B. de C.V. by 4.1% in the second quarter. Huntington National Bank now owns 11,891 shares of the bank’s stock worth $115,000 after purchasing an additional 463 shares in the last quarter. Atria Investments LLC bought a new position in Grupo Financiero Santander Mexico S.A. B. de C.V. in the second quarter worth $167,000. NN Investment Partners Holdings N.V. bought a new position in Grupo Financiero Santander Mexico S.A. B. de C.V. in the second quarter worth $213,000. Paragon Capital Management Ltd raised its holdings in Grupo Financiero Santander Mexico S.A. B. de C.V. by 42.8% in the second quarter. Paragon Capital Management Ltd now owns 33,429 shares of the bank’s stock worth $322,000 after purchasing an additional 10,017 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in Grupo Financiero Santander Mexico S.A. B. de C.V. in the second quarter worth $364,000. Institutional investors and hedge funds own 31.25% of the company’s stock.

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Shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) opened at 10.20 on Friday. Grupo Financiero Santander Mexico S.A. B. de C.V. has a 1-year low of $6.73 and a 1-year high of $10.82. The stock has a 50 day moving average of $10.47 and a 200 day moving average of $9.36. The company has a market cap of $13.83 billion, a price-to-earnings ratio of 13.51 and a beta of 1.39.

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) last announced its quarterly earnings results on Friday, July 28th. The bank reported $0.18 EPS for the quarter, hitting 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 company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $963.79 million. Analysts predict that Grupo Financiero Santander Mexico S.A. B. de C.V. will post $0.74 EPS for the current year.

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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