ValuEngine upgraded shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) from a hold rating to a buy rating in a research note published on Monday.

Other research analysts have also recently issued reports about the company. TheStreet raised Grupo Financiero Santander Mexico S.A. B. de C.V. from a c rating to a b- rating in a research report on Tuesday, August 1st. Zacks Investment Research raised Grupo Financiero Santander Mexico S.A. B. de C.V. from a hold rating to a buy rating and set a $11.00 target price for the company in a research report on Friday, September 15th. BidaskClub cut Grupo Financiero Santander Mexico S.A. B. de C.V. from a strong-buy rating to a buy rating in a research report on Thursday, August 31st. Finally, Citigroup Inc. raised Grupo Financiero Santander Mexico S.A. B. de C.V. from a neutral rating to a buy rating in a research report on Thursday, July 20th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $9.70.

Shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) traded down 1.372% during trading on Monday, reaching $9.705. The company had a trading volume of 638,347 shares. The firm has a market capitalization of $13.15 billion, a PE ratio of 12.686 and a beta of 1.38. Grupo Financiero Santander Mexico S.A. B. de C.V. has a 12 month low of $6.73 and a 12 month high of $10.82. The stock has a 50 day moving average price of $10.24 and a 200 day moving average price of $9.69.

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) last issued its earnings results on Friday, July 28th. The bank reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $963.79 million. Grupo Financiero Santander Mexico S.A. B. de C.V. had a return on equity of 15.11% and a net margin of 15.97%. On average, equities research analysts forecast that Grupo Financiero Santander Mexico S.A. B. de C.V. will post $0.73 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) Rating Increased to Buy at ValuEngine” was published by Watch List News and is the property of of Watch List News. If you are accessing this story on another website, it was illegally stolen and republished in violation of US & international copyright and trademark law. The correct version of this story can be read at https://www.watchlistnews.com/grupo-financiero-santander-mexico-s-a-b-de-c-v-bsmx-rating-increased-to-buy-at-valuengine/1613291.html.

A number of hedge funds have recently modified their holdings of the stock. Atria Investments LLC acquired a new position in Grupo Financiero Santander Mexico S.A. B. de C.V. during the second quarter worth $167,000. NN Investment Partners Holdings N.V. acquired a new position in Grupo Financiero Santander Mexico S.A. B. de C.V. during the second quarter worth $213,000. Virtu Financial LLC acquired a new position in Grupo Financiero Santander Mexico S.A. B. de C.V. during the second quarter worth $364,000. Eqis Capital Management Inc. raised its stake in Grupo Financiero Santander Mexico S.A. B. de C.V. by 3.0% during the second quarter. Eqis Capital Management Inc. now owns 39,668 shares of the bank’s stock worth $382,000 after acquiring an additional 1,161 shares in the last quarter. Finally, Aperio Group LLC raised its stake in Grupo Financiero Santander Mexico S.A. B. de C.V. by 10.5% during the second quarter. Aperio Group LLC now owns 58,074 shares of the bank’s stock worth $560,000 after acquiring an additional 5,518 shares in the last quarter. 30.87% of the stock is owned by hedge funds and other institutional investors.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX)

Receive News & Ratings for Grupo Financiero Santander Mexico S.A. B. de C.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Financiero Santander Mexico S.A. B. de C.V. and related companies with Analyst Ratings Network's FREE daily email newsletter.