Brokerages Set Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) Price Target at $9.43

Shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) have received an average rating of “Hold” from the nine analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $9.43.

A number of brokerages have recently weighed in on BSMX. Zacks Investment Research lowered shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. BidaskClub lowered shares of 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 raised shares of 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 downgraded Grupo Financiero Santander Mexico S.A. B. de C.V. from an “outperform” rating to a “neutral” rating in a research report on Tuesday, September 19th. Finally, Scotia Howard Weill raised 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.

Shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) traded up $0.14 during trading hours on Thursday, reaching $7.69. 1,740,000 shares of the company traded hands, compared to its average volume of 2,118,112. The stock has a market capitalization of $5,109.37, a PE ratio of 11.31, a P/E/G ratio of 1.43 and a beta of 1.36. Grupo Financiero Santander Mexico S.A. B. de C.V. has a 12 month low of $6.89 and a 12 month high of $10.82. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.87.

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

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

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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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