Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX – Get Rating) in a note issued to investors on Wednesday. The firm set a “strong-buy” rating on the bank’s stock.

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

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México stock opened at $5.46 on Wednesday. The firm has a fifty day moving average of $6.14 and a 200-day moving average of $6.20. The firm has a market capitalization of $7.41 billion, a P/E ratio of 5.06, a PEG ratio of 0.36 and a beta of 1.08. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México has a 52-week low of $4.52 and a 52-week high of $7.11. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.92.

Institutional Trading of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México

A number of institutional investors have recently added to or reduced their stakes in BSMX. JPMorgan Chase & Co. increased its stake in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México by 103.9% during the 4th quarter. JPMorgan Chase & Co. now owns 1,700,812 shares of the bank’s stock worth $10,256,000 after purchasing an additional 866,679 shares in the last quarter. Philadelphia Financial Management of San Francisco LLC lifted its holdings in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México by 58.6% during the 3rd quarter. Philadelphia Financial Management of San Francisco LLC now owns 790,645 shares of the bank’s stock valued at $4,032,000 after purchasing an additional 292,158 shares during the last quarter. Eqis Capital Management Inc. acquired a new stake in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México during the 4th quarter valued at $1,231,000. Envestnet Asset Management Inc. lifted its holdings in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México by 569.1% during the first quarter. Envestnet Asset Management Inc. now owns 237,567 shares of the bank’s stock worth $36,000 after buying an additional 202,062 shares in the last quarter. Finally, Trium Capital LLP acquired a new stake in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México during the first quarter worth $256,000. 10.91% of the stock is currently owned by institutional investors and hedge funds.

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

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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.