Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) was upgraded by Citigroup Inc. from a “neutral” rating to a “buy” rating in a research report issued on Thursday.
BSMX has been the topic of several other reports. Zacks Investment Research raised shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Friday, May 5th. J P Morgan Chase & Co raised shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from $9.50 to $7.50 in a research note on Thursday, May 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Grupo Financiero Santander Mexico S.A. B. de C.V. presently has an average rating of “Hold” and a consensus price target of $8.87.
Shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE BSMX) traded up 1.888% during trading on Thursday, hitting $10.525. The stock had a trading volume of 237,573 shares. Grupo Financiero Santander Mexico S.A. B. de C.V. has a one year low of $6.73 and a one year high of $10.53. The stock’s 50-day moving average price is $9.64 and its 200 day moving average price is $8.56. The stock has a market cap of $14.27 billion, a price-to-earnings ratio of 14.517 and a beta of 1.38.
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Hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new stake in Grupo Financiero Santander Mexico S.A. B. de C.V. during the second quarter valued at approximately $364,000. Quantitative Systematic Strategies LLC bought a new stake in Grupo Financiero Santander Mexico S.A. B. de C.V. during the first quarter valued at approximately $312,000. Aperio Group LLC boosted its stake in Grupo Financiero Santander Mexico S.A. B. de C.V. by 10.5% in the second quarter. Aperio Group LLC now owns 58,074 shares of the bank’s stock valued at $560,000 after buying an additional 5,518 shares during the period. Eqis Capital Management Inc. boosted its stake in Grupo Financiero Santander Mexico S.A. B. de C.V. by 3.0% in the second quarter. Eqis Capital Management Inc. now owns 39,668 shares of the bank’s stock valued at $382,000 after buying an additional 1,161 shares during the period. Finally, NN Investment Partners Holdings N.V. bought a new stake in Grupo Financiero Santander Mexico S.A. B. de C.V. during the second quarter valued at approximately $213,000. 32.66% of the stock is currently owned by institutional investors and hedge funds.
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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