Research analysts from StockNews.com have begun monitoring Banco Santander México, S.A., Institución de Banca Multiple, and Grupo Financiero Santander México, as stated in a research note that was distributed to investors on Thursday.
The stock of the financial institution received a rating of “Hold” from the brokerage firm.
When the trading day began on Thursday, the price of a share of BSMX stock was $6.40.
The stock’s moving average over the past 50 days is $6.43; over the past 200 days, it has been trading at $5.94.
All three liquidity ratios, the current, quick, and debt-to-equity ratios, all come in at 0.07, while the debt-to-equity ratio sits at 1.06.
The company’s stock has a price-to-earnings ratio of 6.67, a price-to-earnings-growth ratio of 0.43, and a beta of 1.08.
The company’s shares on the market are approximately $8.69 billion.
The stock price for Banco Santander México, S.A., Institución de Banca Multipla, and Grupo Financiero Santander México reached a 52-week high of $6.86.
In contrast, it reached a 52-week low of $4.52 during the same period.
Banco Santander México, S.A., Institución de Banca Multipla, and Grupo Financiero Santander México (NYSE: BSMX) published their financial results on Thursday, February 2.
The bank came in with earnings per share of $0.23 for the quarter, which was $0.02 higher than the estimate floating around among investors, which was $0.21.
The sales for the company during the period came in at $1.30 billion, which is significantly higher than the $1.18 billion that analysts anticipated it would bring in for the period.
Banco Santander México reported a 16.42% return on equity and a 16.83% net margin, S.A., Institución de Banca Multipla, and Grupo Financiero Santander MéxiCo Banco Santander México, S.A., Institución de Banca Multiple, and Grupo Financiero Santander México are all expected to produce earnings per share of $1.03 during the current fiscal year, according to projections made by financial analysts.
Recent months have seen several institutional investors, including hedge funds and other types of investment funds, adjust the overall number of shares held in their portfolios. JPMorgan Chase & Co increased the percentage of ownership it held in Banco Santander México, S.A., Institución de Banca Multiple, and Grupo Financiero Santander México by 103.9% over the final three months of 2018.
There are currently 1,700,812 shares of the bank’s stock owned by JPMorgan Chase & Co, which have a value of $10,256,000.
During the most recent quarter, 866,679 additional shares were purchased, resulting in this increase.
The value of Philadelphia Financial Management of San Francisco LLC’s holdings in Banco Santander México, S.A., Institución de Banca Multipla, and Grupo Financiero Santander México increased by 147.4% over the second quarter.
In the most recent quarter, Philadelphia Financial Management of San Francisco LLC increased its holdings in the bank by purchasing an additional 296,963 shares, bringing its total number to 498,487.
These shares have a market value that is estimated to be equal to $2,515,000.
Eqis Capital Management INC invested approximately 1,231,000 dollars throughout the fourth quarter to acquire a new position in Banco Santander México, S.A., Institución de Banca Multiple, and Grupo Financiero Santander MéxiCo During the final three months of 2018, Millennium Management LLC contributed approximately $134,000 toward purchasing new ownership shares in the Mexican financial institution’s Banco Santander México, S.A., Institución de Banca Multipla, and Grupo Financiero Santander MéxiCo In the fourth quarter, AlphaStar Capital Management LLC acquired a new position in Banco Santander México, S.A., Institución de Banca Multiple, Grupo Financiero Santander México for approximately $119,000.
This was the final and most significant change that took place.
Institutional investors hold the company’s shares to 10.91% of the total.
The name Santander Mexico SA refers to a bank located in the Mexican country of MexiCo Grupo Financiero Santander Mexico comprises several different financial companies and operates in Mexico as a bank and as a provider of other financial services. Some of the primary divisions under which it conducts its business include retail banking, international corporate and investment banking, and corporate operations.
The retail banking division offers services to customers, including private banking clients, individuals, small and medium-sized businesses, middle-market organizations, and government agencies.