Banco Santander Mexico Sa Instcn De (BSMX) Stock Price Up 7.5%

Banco Santander Mexico Sa Instcn De (NYSE:BSMX)’s share price rose 7.5% during mid-day trading on Thursday . The company traded as high as $6.83 and last traded at $6.75. Approximately 1,965,680 shares were traded during mid-day trading, an increase of 35% from the average daily volume of 1,460,255 shares. The stock had previously closed at $6.28.

BSMX has been the subject of several research reports. Credit Suisse Group upgraded shares of Banco Santander Mexico Sa Instcn De from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 10th. Zacks Investment Research upgraded shares of Banco Santander Mexico Sa Instcn De from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a research report on Wednesday, July 11th. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the stock. Banco Santander Mexico Sa Instcn De has a consensus rating of “Buy” and a consensus price target of $9.00.

The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.94. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 8.81, a PEG ratio of 1.63 and a beta of 1.47.

Several large investors have recently bought and sold shares of the company. Todd Asset Management LLC boosted its position in shares of Banco Santander Mexico Sa Instcn De by 0.6% during the 2nd quarter. Todd Asset Management LLC now owns 1,763,458 shares of the bank’s stock valued at $11,798,000 after purchasing an additional 9,995 shares in the last quarter. Fulton Bank N.A. boosted its holdings in shares of Banco Santander Mexico Sa Instcn De by 40.0% in the second quarter. Fulton Bank N.A. now owns 56,549 shares of the bank’s stock worth $366,000 after buying an additional 16,158 shares during the period. We Are One Seven LLC acquired a new position in shares of Banco Santander Mexico Sa Instcn De in the third quarter worth about $142,000. Guggenheim Capital LLC boosted its holdings in shares of Banco Santander Mexico Sa Instcn De by 5.7% in the first quarter. Guggenheim Capital LLC now owns 442,863 shares of the bank’s stock worth $3,175,000 after buying an additional 23,743 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Banco Santander Mexico Sa Instcn De by 31.1% in the first quarter. JPMorgan Chase & Co. now owns 127,592 shares of the bank’s stock worth $915,000 after buying an additional 30,275 shares during the period. Institutional investors own 27.93% of the company’s stock.

Banco Santander Mexico Sa Instcn De Company Profile (NYSE:BSMX)

Banco Santander (México), SA, Institución de Banca Múltiple, Grupo Financiero Santander México provides various banking products and services in Mexico. The company operates through Retail Banking and Global Corporate Banking segments. It offers various deposit products, such as current accounts, savings accounts, and time deposits, as well as certificates of interbank deposits; and payroll loans, personal loans, credit cards, mortgages, and insurance brokerage services.

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