Shares of Grupo Financiero Santander Serfin S.A. de C.V. (NYSE:BSMX) have been assigned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $10.60.
Several analysts have recently commented on BSMX shares. Zacks Investment Research downgraded Grupo Financiero Santander Serfin from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. ValuEngine downgraded Grupo Financiero Santander Serfin from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Credit Suisse Group downgraded Grupo Financiero Santander Serfin from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 16th.
NYSE:BSMX traded up $0.05 on Tuesday, hitting $7.17. The stock had a trading volume of 433,467 shares, compared to its average volume of 1,170,096. The firm has a market cap of $4,763.87, a P/E ratio of 10.39, a PEG ratio of 7.16 and a beta of 1.47. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.01 and a current ratio of 1.01. Grupo Financiero Santander Serfin has a 52 week low of $6.68 and a 52 week high of $10.82.
Institutional investors and hedge funds have recently modified their holdings of the stock. Ariel Investments LLC boosted its holdings in shares of Grupo Financiero Santander Serfin by 8.4% in the fourth quarter. Ariel Investments LLC now owns 746,773 shares of the bank’s stock worth $5,459,000 after acquiring an additional 57,823 shares during the period. Schroder Investment Management Group bought a new stake in Grupo Financiero Santander Serfin during the fourth quarter valued at $30,272,000. Visionary Asset Management Inc. bought a new stake in Grupo Financiero Santander Serfin during the third quarter valued at $114,000. Jane Street Group LLC bought a new stake in Grupo Financiero Santander Serfin during the third quarter valued at $454,000. Finally, Nomura Asset Management Co. Ltd. bought a new stake in Grupo Financiero Santander Serfin during the third quarter valued at $229,000. 26.67% of the stock is owned by institutional investors.
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About Grupo Financiero Santander Serfin
Banco Santander (México) SA, Institución de Banca Múltiple, Grupo Financiero Santander, together with its subsidiaries, provides banking products and services in Mexico and internationally. The company operates through two segments, Commercial Bank and Global Corporate Bank. It offers long and short-term deposits; savings and current accounts; personal, education, mortgage, and syndicated loans; and acquisition and project finance, financial lease, and structured credit, as well as loans for agribusiness.
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