Goldman Sachs Group Inc. bought a new position in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 79,521 shares of the bank’s stock, valued at approximately $499,000.
Several other hedge funds and other institutional investors have also modified their holdings of BSMX. Veriti Management LLC acquired a new position in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México during the 2nd quarter worth $144,000. American Century Companies Inc. grew its position in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México by 5.5% in the 2nd quarter. American Century Companies Inc. now owns 62,811 shares of the bank’s stock valued at $394,000 after buying an additional 3,266 shares during the last quarter. Segantii Capital Management Ltd lifted its stake in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México by 56.3% in the 2nd quarter. Segantii Capital Management Ltd now owns 1,500,000 shares of the bank’s stock valued at $9,484,000 after purchasing an additional 540,000 shares during the period. Lord Abbett & CO. LLC lifted its stake in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México by 30.5% in the 2nd quarter. Lord Abbett & CO. LLC now owns 918,791 shares of the bank’s stock valued at $5,770,000 after purchasing an additional 214,780 shares during the period. Finally, Bank of Montreal Can acquired a new position in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México during the 2nd quarter worth approximately $155,000. Institutional investors own 10.51% of the company’s stock.
Several equities analysts have recently issued reports on BSMX shares. Bank of America lowered Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México from a “buy” rating to an “underperform” rating and reduced their target price for the company from $8.00 to $7.00 in a report on Thursday, November 18th. Zacks Investment Research lowered Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México from a “hold” rating to a “sell” rating in a report on Wednesday, October 13th. Finally, HSBC downgraded Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México from a “buy” rating to a “hold” rating and set a $7.50 price objective on the stock. in a research report on Tuesday, November 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México presently has a consensus rating of “Hold” and an average price target of $6.88.
BSMX stock opened at $6.17 on Tuesday. The firm’s 50 day simple moving average is $6.01. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México has a 52-week low of $4.49 and a 52-week high of $6.67. The stock has a market capitalization of $8.38 billion, a price-to-earnings ratio of 9.07, a price-to-earnings-growth ratio of 1.28 and a beta of 1.44. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.85.
Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX) last announced its quarterly earnings data on Thursday, October 28th. The bank reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. The company had revenue of $1.10 billion during the quarter. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México had a net margin of 14.59% and a return on equity of 11.56%. Analysts forecast that Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México will post 0.66 earnings per share for the current year.
Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México Profile
Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santander Mexico engages in the provision of banking and financial solutions. It operates through the following segments: Retail Banking, Global Corporate and Investment Banking, and Corporate Activities. The Retail Banking segment provides a range of services to individuals, private banking, small and medium enterprises, middle-market corporations, and government institutions.
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