Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX) Downgraded by UBS Group to “Neutral”


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UBS Group downgraded shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX) from a buy rating to a neutral rating in a research note issued to investors on Monday, Analyst Ratings Network reports.

Other equities analysts also recently issued research reports about the company. HSBC downgraded Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México from a buy rating to a hold rating in a research report on Tuesday, March 30th. Zacks Investment Research upgraded Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México from a hold rating to a buy rating and set a $5.50 price objective for the company in a research report on Tuesday, March 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México has an average rating of Hold and an average price target of $5.50.

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México stock opened at $5.68 on Monday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $7.71 billion, a PE ratio of 8.23 and a beta of 1.40. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México has a one year low of $2.52 and a one year high of $5.79. The business has a 50 day simple moving average of $5.20 and a 200 day simple moving average of $4.88.

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX) last issued its quarterly earnings data on Wednesday, February 3rd. The bank reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.06. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México had a return on equity of 13.40% and a net margin of 13.83%. The firm had revenue of $1.09 billion during the quarter. Equities analysts anticipate that Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México will post 0.62 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BSMX. Lord Abbett & CO. LLC acquired a new stake in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México in the 4th quarter valued at $5,183,000. Itau Unibanco Holding S.A. increased its stake in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México by 83.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,214,065 shares of the bank’s stock valued at $6,252,000 after buying an additional 552,485 shares during the period. Schroder Investment Management Group acquired a new stake in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México in the 4th quarter valued at $2,160,000. Amundi Pioneer Asset Management Inc. increased its stake in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México by 18.1% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 588,900 shares of the bank’s stock valued at $3,033,000 after buying an additional 90,370 shares during the period. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México in the 3rd quarter valued at $170,000. 10.43% of the stock is owned by institutional investors.

About Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México

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 Corporate and Investment 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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Analyst Recommendations for Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX)

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