Zacks Investment Research Lowers Banco Santander Mexico Sa Instcn De (BSMX) to Hold

Banco Santander Mexico Sa Instcn De (NYSE:BSMX) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report issued on Thursday.

According to Zacks, “Banco Santander, S.A. Institución de Banca Múltiple provides banking services to commercial and private customers. The company’s products and services consist of securities brokerage, financial advice services, as well as other related investment activities and operations aimed at individuals and small and medium enterprises. Banco Santander, S.A. Institución de Banca Múltiple, formerly known as Grupo Financiero Santander, is based in Mexico. “

BSMX traded down $0.59 on Thursday, reaching $6.45. The company’s stock had a trading volume of 3,057,500 shares, compared to its average volume of 1,468,991. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of 9.35, a price-to-earnings-growth ratio of 1.75 and a beta of 1.60. Banco Santander Mexico Sa Instcn De has a fifty-two week low of $6.21 and a fifty-two week high of $8.81.

Institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in Banco Santander Mexico Sa Instcn De by 31.1% in the first quarter. JPMorgan Chase & Co. now owns 127,592 shares of the bank’s stock valued at $915,000 after buying an additional 30,275 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Banco Santander Mexico Sa Instcn De by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,864,920 shares of the bank’s stock valued at $20,541,000 after buying an additional 55,390 shares during the last quarter. Royal Bank of Canada lifted its stake in Banco Santander Mexico Sa Instcn De by 61.7% in the first quarter. Royal Bank of Canada now owns 178,325 shares of the bank’s stock valued at $1,279,000 after buying an additional 68,011 shares during the last quarter. Fulton Bank N.A. lifted its stake in Banco Santander Mexico Sa Instcn De by 40.0% in the second quarter. Fulton Bank N.A. now owns 56,549 shares of the bank’s stock valued at $366,000 after buying an additional 16,158 shares during the last quarter. Finally, Aperio Group LLC lifted its stake in Banco Santander Mexico Sa Instcn De by 459.8% in the second quarter. Aperio Group LLC now owns 290,448 shares of the bank’s stock valued at $1,943,000 after buying an additional 238,561 shares during the last quarter. 28.04% of the stock is owned by hedge funds and other institutional investors.

About Banco Santander Mexico Sa Instcn De

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 Global Corporate 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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