Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) was downgraded by Credit Suisse Group from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday.

BSMX has been the subject of a number of other research reports. 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 target for the company in a research report on Monday, September 4th. ValuEngine lowered Grupo Financiero Santander Mexico S.A. B. de C.V. from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Citigroup Inc. upgraded Grupo Financiero Santander Mexico S.A. B. de C.V. from a “neutral” rating to a “buy” rating in a research report on Thursday, July 20th. BidaskClub lowered Grupo Financiero Santander Mexico S.A. B. de C.V. from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 31st. Finally, TheStreet upgraded Grupo Financiero Santander Mexico S.A. B. de C.V. from a “c” rating to a “b-” rating in a research report on Tuesday, August 1st. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $9.70.

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) traded down 0.853% on Tuesday, reaching $9.875. 374,942 shares of the company’s stock were exchanged. 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 firm’s 50 day moving average is $10.44 and its 200 day moving average is $9.51. The stock has a market capitalization of $13.39 billion, a P/E ratio of 13.079 and a beta of 1.39.

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) last released its quarterly earnings results on Friday, July 28th. The bank reported $0.18 earnings per share for the quarter, meeting the Zacks’ consensus estimate 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 during the quarter, compared to analyst estimates of $963.79 million. Analysts expect that Grupo Financiero Santander Mexico S.A. B. de C.V. will post $0.74 EPS for the current year.

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Several institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. acquired a new stake in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. during the 2nd quarter valued at about $23,484,000. Global X Management Co. LLC acquired a new stake in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. during the 2nd quarter valued at about $10,334,000. Northern Trust Corp lifted its holdings in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. by 49.2% during the 2nd 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 during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. by 247.0% during the 2nd 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 during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its holdings in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. by 44.5% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 581,928 shares of the bank’s stock valued at $5,610,000 after buying an additional 179,093 shares during the last quarter. Institutional investors and hedge funds 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)

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