Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) Given Average Recommendation of “Hold” by Analysts

Shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) have earned an average recommendation of “Hold” from the nine ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $9.43.

A number of research firms have weighed in on BSMX. Zacks Investment Research cut Grupo Financiero Santander Mexico S.A. B. de C.V. from a “buy” rating to a “hold” rating in a report on Thursday, September 14th. BidaskClub cut Grupo Financiero Santander Mexico S.A. B. de C.V. from a “buy” rating to a “hold” rating in a report on Monday, September 18th. ValuEngine upgraded Grupo Financiero Santander Mexico S.A. B. de C.V. from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Credit Suisse Group cut 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. Finally, Scotia Howard Weill upgraded 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.

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) opened at $7.56 on Thursday. The firm has a market capitalization of $5,102.72, a P/E ratio of 11.12, a price-to-earnings-growth ratio of 1.43 and a beta of 1.36. Grupo Financiero Santander Mexico S.A. B. de C.V. has a fifty-two week low of $6.89 and a fifty-two week high of $10.82. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.01 and a quick ratio of 1.01.

The firm also recently announced a None dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Tuesday, December 26th were paid a dividend of $0.18 per share. This represents a dividend yield of 4.94%. The ex-dividend date of this dividend was Friday, December 22nd. Grupo Financiero Santander Mexico S.A. B. de C.V.’s dividend payout ratio (DPR) is currently 50.00%.

Institutional investors have recently added to or reduced their stakes in the company. Visionary Asset Management Inc. purchased a new position in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. during the 3rd quarter valued at approximately $114,000. Dorsey & Whitney Trust CO LLC purchased a new position in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. during the 3rd quarter valued at approximately $119,000. Teacher Retirement System of Texas purchased a new position in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. during the 3rd quarter valued at approximately $167,000. Nomura Asset Management Co. Ltd. purchased a new position in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. during the 3rd quarter valued at approximately $229,000. Finally, Citadel Advisors LLC purchased a new position in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. during the 3rd quarter valued at approximately $404,000. Institutional investors own 29.45% of the company’s stock.

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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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