Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) Stock Rating Upgraded by Zacks Investment Research

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Monday.

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. “

A number of other equities analysts have also recently issued reports on the stock. J P Morgan Chase & Co reissued a “neutral” rating on shares of Grupo Financiero Santander Mexico S.A. B. de C.V. in a report on Thursday, November 2nd. Goldman Sachs Group raised shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a “sell” rating to a “neutral” rating and set a $10.60 target price on the stock in a report on Monday, September 11th. Scotia Howard Weill raised shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from an “underperform” rating to a “sector perform” rating in a report on Monday, November 27th. BidaskClub cut shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Finally, ValuEngine cut shares of 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. Grupo Financiero Santander Mexico S.A. B. de C.V. has an average rating of “Hold” and an average price target of $10.53.

Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) opened at $7.75 on Monday. The company has a market capitalization of $5,222.32, a PE ratio of 11.56, a P/E/G ratio of 1.60 and a beta of 1.35. Grupo Financiero Santander Mexico S.A. B. de C.V. has a 52 week low of $6.89 and a 52 week high of $10.82. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.87.

A number of hedge funds and other institutional investors have recently modified their holdings of BSMX. Visionary Asset Management Inc. bought a new stake in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. during the third quarter valued at approximately $114,000. Dorsey & Whitney Trust CO LLC bought a new stake in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. during the third quarter valued at approximately $119,000. Teacher Retirement System of Texas bought a new stake in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. during the third quarter valued at approximately $167,000. Nomura Asset Management Co. Ltd. bought a new stake in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. during the third quarter valued at approximately $229,000. Finally, Citadel Advisors LLC bought a new stake in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. during the third quarter valued at approximately $404,000. 29.45% of the stock is currently owned by hedge funds and other institutional investors.

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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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