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 note released on Monday 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. “

BSMX has been the subject of a number of other reports. BidaskClub lowered Grupo Financiero Santander Mexico S.A. B. de C.V. from a strong-buy rating to a buy rating in a report on Tuesday, August 1st. TheStreet raised Grupo Financiero Santander Mexico S.A. B. de C.V. from a c rating to a b- rating in a report on Tuesday, August 1st. ValuEngine lowered Grupo Financiero Santander Mexico S.A. B. de C.V. from a buy rating to a hold rating in a report on Saturday, August 12th. Citigroup Inc. raised Grupo Financiero Santander Mexico S.A. B. de C.V. from a neutral rating to a buy rating in a report on Thursday, July 20th. Finally, Credit Suisse Group lowered Grupo Financiero Santander Mexico S.A. B. de C.V. from an outperform rating to a neutral rating in a report on Tuesday, September 19th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $9.70.

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE BSMX) opened at 9.88 on Monday. 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 company has a market capitalization of $13.39 billion, a P/E ratio of 12.92 and a beta of 1.39. The firm has a 50-day moving average price of $10.42 and a 200-day moving average price of $9.53.

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) last posted its quarterly earnings results on Friday, July 28th. The bank reported $0.18 earnings per share 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 business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $963.79 million. On average, analysts forecast that Grupo Financiero Santander Mexico S.A. B. de C.V. will post $0.73 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently modified their holdings of the business. Huntington National Bank increased its holdings in Grupo Financiero Santander Mexico S.A. B. de C.V. by 4.1% during the 2nd 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. Eqis Capital Management Inc. increased its holdings in Grupo Financiero Santander Mexico S.A. B. de C.V. by 3.0% during the 2nd quarter. Eqis Capital Management Inc. now owns 39,668 shares of the bank’s stock worth $382,000 after purchasing an additional 1,161 shares in the last quarter. State Street Corp increased its holdings in Grupo Financiero Santander Mexico S.A. B. de C.V. by 2.9% during the 2nd quarter. State Street Corp now owns 45,899 shares of the bank’s stock worth $442,000 after purchasing an additional 1,300 shares in the last quarter. Aperio Group LLC increased its holdings in Grupo Financiero Santander Mexico S.A. B. de C.V. by 10.5% during the 2nd quarter. Aperio Group LLC now owns 58,074 shares of the bank’s stock worth $560,000 after purchasing an additional 5,518 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in Grupo Financiero Santander Mexico S.A. B. de C.V. by 16.6% during the 2nd quarter. Sei Investments Co. now owns 49,192 shares of the bank’s stock worth $474,000 after purchasing an additional 6,992 shares in the last quarter. 30.87% of the stock is owned by hedge funds and other institutional investors.

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.

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