Santander Mexico Fincl Gp SAB deCV (BSMX) Receives $9.05 Average Price Target from Analysts

Shares of Santander Mexico Fincl Gp SAB deCV (NYSE:BSMX) have earned a consensus recommendation of “Hold” from the five research firms that are currently covering the stock. Two investment analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $9.05.

Several equities analysts recently issued reports on the company. Deutsche Bank AG upgraded Santander Mexico Fincl Gp SAB deCV from a “sell” rating to a “hold” rating in a research report on Monday, December 19th. Zacks Investment Research cut Santander Mexico Fincl Gp SAB deCV from a “hold” rating to a “sell” rating in a research report on Wednesday, January 4th.

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Santander Mexico Fincl Gp SAB deCV (NYSE:BSMX) opened at 8.28 on Tuesday. Santander Mexico Fincl Gp SAB deCV has a one year low of $6.73 and a one year high of $10.13. The firm has a market cap of $11.23 billion, a PE ratio of 14.03 and a beta of 1.43. The firm’s 50 day moving average price is $7.50 and its 200-day moving average price is $7.96.

A number of institutional investors have recently modified their holdings of BSMX. Rit Capital Partners PLC bought a new position in shares of Santander Mexico Fincl Gp SAB deCV during the third quarter valued at about $1,320,000. DIAM Co. Ltd. boosted its position in shares of Santander Mexico Fincl Gp SAB deCV by 137.1% in the third quarter. DIAM Co. Ltd. now owns 31,771 shares of the company’s stock valued at $280,000 after buying an additional 18,372 shares during the period. Sei Investments Co. bought a new position in shares of Santander Mexico Fincl Gp SAB deCV during the third quarter valued at about $310,000. Teacher Retirement System of Texas bought a new position in shares of Santander Mexico Fincl Gp SAB deCV during the third quarter valued at about $486,000. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Santander Mexico Fincl Gp SAB deCV by 264.0% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 399,397 shares of the company’s stock valued at $3,514,000 after buying an additional 289,664 shares during the period. Hedge funds and other institutional investors own 31.26% of the company’s stock.

Santander Mexico Fincl Gp SAB deCV 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.

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