Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) Sees Significant Growth in Short Interest

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 7,748,987 shares, a growth of 49.7% from the November 30th total of 5,177,003 shares. Based on an average daily volume of 2,628,125 shares, the short-interest ratio is currently 2.9 days.

Shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE BSMX) opened at $7.56 on Thursday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.01 and a current ratio of 1.01. Grupo Financiero Santander Mexico S.A. B. de C.V. has a one year low of $6.89 and a one year high of $10.82. The stock has a market cap of $5,102.72, a P/E ratio of 11.12, a PEG ratio of 1.43 and a beta of 1.36.

The business also recently declared 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. The ex-dividend date was Friday, December 22nd. This represents a dividend yield of 4.94%. Grupo Financiero Santander Mexico S.A. B. de C.V.’s payout ratio is currently 50.00%.

A number of brokerages have weighed in on BSMX. 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 $8.25 price target for the company in a report on Tuesday, January 2nd. ValuEngine cut shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. 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 research report on Monday, November 27th. TheStreet cut shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a “b-” rating to a “c+” rating in a research report on Thursday, November 9th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Grupo Financiero Santander Mexico S.A. B. de C.V. in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $9.62.

Several hedge funds have recently modified their holdings of the company. State Street Corp grew its stake in Grupo Financiero Santander Mexico S.A. B. de C.V. by 2.9% in the 2nd quarter. State Street Corp now owns 45,899 shares of the bank’s stock valued at $442,000 after buying an additional 1,300 shares in the last quarter. Aperio Group LLC grew its stake in Grupo Financiero Santander Mexico S.A. B. de C.V. by 11.4% in the 3rd quarter. Aperio Group LLC now owns 64,678 shares of the bank’s stock valued at $653,000 after buying an additional 6,604 shares in the last quarter. Sei Investments Co. boosted its holdings in Grupo Financiero Santander Mexico S.A. B. de C.V. by 16.6% in the 2nd quarter. Sei Investments Co. now owns 49,192 shares of the bank’s stock valued at $474,000 after purchasing an additional 6,992 shares during the period. Visionary Asset Management Inc. bought a new position in Grupo Financiero Santander Mexico S.A. B. de C.V. in the 3rd quarter valued at $114,000. Finally, Dorsey & Whitney Trust CO LLC bought a new position in Grupo Financiero Santander Mexico S.A. B. de C.V. in the 3rd quarter valued at $119,000. Institutional investors own 29.45% of the company’s stock.

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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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