09.02.2018 Views

news

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Publication Date<br />

Headline<br />

Outlet<br />

URL<br />

Snippet<br />

05-Feb-2018<br />

ValuEngine Downgrades Santander Mexico Fincl Gp SAB deCV (BSMX) to Hold<br />

Ticker Report<br />

Click to open<br />

ValuEngine cut shares of Santander Mexico Fincl Gp SAB deCV (NYSE:BSMX) from a buy<br />

rating to a hold rating in a research report report published on Friday morning.<br />

Other equities research analysts have also recently issued reports about the company.<br />

Zacks Investment Research upgraded Santander Mexico Fincl Gp SAB deCV from a hold<br />

rating to a buy rating and set a $8.25 target price on the stock in a research report on<br />

Tuesday, January 2nd. TheStreet cut Santander Mexico Fincl Gp SAB deCV from a b-<br />

rating to a c+ rating in a research report on Thursday, November 9th. JPMorgan Chase &<br />

Co. cut Santander Mexico Fincl Gp SAB deCV from an overweight rating to a hold rating<br />

and dropped their target price for the company from $11.00 to $10.00 in a research report<br />

on Wednesday, November 1st. Scotia Howard Weill upgraded Santander Mexico Fincl Gp<br />

SAB deCV from an underperform rating to a sector perform rating in a research report on<br />

Monday, November 27th. Finally, BidaskClub cut Santander Mexico Fincl Gp SAB deCV<br />

from a hold rating to a sell rating in a research report on Tuesday, October 10th. Two<br />

research analysts have rated the stock with a sell rating, five have given a hold rating and<br />

one has given a buy rating to the company’s stock. Santander Mexico Fincl Gp SAB deCV<br />

has an average rating of Hold and a consensus target price of $9.62. Shares of Santander<br />

Mexico Fincl Gp SAB deCV (NYSE:BSMX) opened at $7.64 on Friday. Santander Mexico<br />

Fincl Gp SAB deCV has a 12-month low of $6.99 and a 12-month high of $10.82. The<br />

company has a debt-to-equity ratio of 0.87, a quick ratio of 1.01 and a current ratio of 1.01.<br />

The company has a market capitalization of $5,076.15, a PE ratio of 11.07, a PEG ratio of<br />

6.95 and a beta of 1.46. Santander Mexico Fincl Gp SAB deCV (NYSE:BSMX) last posted<br />

its earnings results on Wednesday, January 31st. The bank reported $0.18 EPS for the<br />

quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.01). Santander Mexico Fincl<br />

Gp SAB deCV had a net margin of 16.88% and a return on equity of 15.15%. The business<br />

had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.05 billion.<br />

analysts predict that Santander Mexico Fincl Gp SAB deCV will post 0.78 earnings per<br />

share for the current fiscal year.<br />

The company also recently disclosed a None dividend, which was paid on Friday, February<br />

2nd. Investors of record on Friday, January 26th were issued a $0.059 dividend. This<br />

represents a yield of 0.0077023498694517%. The ex-dividend date was Thursday, January<br />

25th. Santander Mexico Fincl Gp SAB deCV’s payout ratio is 57.97%.<br />

A number of hedge funds have recently bought and sold shares of the stock. Visionary<br />

Asset Management Inc. acquired a new stake in Santander Mexico Fincl Gp SAB deCV in<br />

the 3rd quarter worth about $114,000. Jane Street Group LLC acquired a new stake in<br />

Santander Mexico Fincl Gp SAB deCV in the 3rd quarter worth about $454,000. Nomura<br />

Asset Management Co. Ltd. acquired a new stake in Santander Mexico Fincl Gp SAB deCV<br />

in the 3rd quarter worth about $229,000. OxFORD Asset Management LLP boosted its<br />

holdings in Santander Mexico Fincl Gp SAB deCV by 523.1% in the 3rd quarter. OxFORD<br />

Asset Management LLP now owns 280,371 shares of the bank’s stock worth $2,829,000<br />

after buying an additional 235,372 shares during the last quarter. Finally, Dorsey & Whitney<br />

Trust CO LLC acquired a new stake in Santander Mexico Fincl Gp SAB deCV in the 3rd<br />

quarter worth about $119,000. Institutional investors own 27.40% of the company’s stock.<br />

ILLEGAL ACTIVITY NOTICE: “” was first posted by Ticker Report and is the sole property of<br />

of Ticker Report. If you are accessing this report on another website, it was stolen and<br />

reposted in violation of US & international copyright laws. The legal version of this report<br />

can be viewed at https://www.tickerreport.com/banking-finance/3177506/valuenginedowngrades-santander-mexico-fincl-gp-sab-decv-bsmx-to-hold.html.<br />

About Santander Mexico Fincl Gp SAB deCV<br />

Grupo Financiero Santander Mexico SAB de CV, formerly Santander Mexico Financial<br />

Group SAB de CV or Grupo Financiero Santander SAB de CV, is a Mexico-based financial<br />

institution. The Company is primarily engaged in the provision of multiple banking services,<br />

securities brokerage, financial advice services, as well as other related investment activities.<br />

To view ValuEngine’s full report, visit ValuEngine’s official website.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!