Shares last traded at $10.06 which is slightly above the 50 day moving average which is $9.40 and which is just over the 200 day moving average of $8.32. The 50 day moving average went up by +7.03% whereas the 200 day average was up by +20.91%. Grupo Financiero Santander Mexi shares had a trading volume of 1,377K by the end of trading on Thursday. Overall, volume was up 22.50% over the stocks normal daily volume.
Here are a few other firms who have also updated their positions. Fisher Asset Management, LLC added to its holdings by buying 103 shares an increase of 0.5%. Fisher Asset Management, LLC now holds 20,514 shares valued at $198,000. The value of the position overall is up by 7.6%. Vontobel Asset Management Inc cut its position by selling 447,830 shares a decrease of 1.6% from 03/31/2017 to 06/30/2017. Vontobel Asset Management Inc controls 28,200,118 shares with a value of $276,410,000. The total value of its holdings increased 4.7%.
As of the end of the quarter Virtu Financial LLC had bought a total of 26,996 shares growing its holdings by 251.2%. The value of the total investment in Grupo Financiero Santander Mexi went from $77,000 to $364,000 increasing 372.7% quarter over quarter. As of quarter end Fny Partners Fund Lp had disposed of 42,368 shares trimming its stake by 80.9%. The value of the investment in BSMX decreased from $377,000 to $90,000 a change of 76.1% since the last quarter.
On September 23 the stock rating was downgraded to “Sell” from “Neutral” and a price target of $8.10 was set in a statement from Goldman Sachs. On September 7 the company was downgraded from “” to “Neutral” in a report issued by UBS.
On July 5 the stock rating was downgraded from “” to “Sell” by Deutsche Bank. On June 22 the company was upgraded to “Equal-weight” from “” by analysts at Barclays.
On January 11 the company was upgraded to “Neutral” from “Underperform” in an announcement from Bank of America. On October 30, 2015 the stock rating was rated “Overweight” in a report from JP Morgan which was a boost from the previous “Neutral” rating.
The company is trading up by 3.39 percent from yesterday’s close. The company announced a dividend for shareholders that was paid on Tuesday the 6th of June 2017. The dividend was $0.163 per share for the quarter or $0.65 on an annualized basis. The dividend yield was $6.70. The ex-dividend date was set for Wednesday the 24th of May 2017.
The P/E ratio is 14.07 and market cap is 13.64B. In the last earnings report the EPS was $0.71 and is expected to be $0.65 for the current year with 1,355,516,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.16 and the next full year EPS is anticipated to be $0.76.
Grupo Financiero Santander Mexico, S.A.B. de C.V., through its subsidiaries, provides a range of financial services to individuals, private banking clients, small and medium-sized enterprises, government institutions, and corporate and institutional customers primarily in Mexico. It operates through Retail Banking and Global Corporate Banking segments. The company offers various deposit products, such as current accounts, savings accounts, and time deposits, as well as certificates of interbank deposit; and payroll loans, personal loans, credit cards, mortgages, and insurance brokerage services. It is also involved in corporate lending activities, such as corporate and working capital financing; and foreign trade financing, as well as the provision of cash management, securities brokerage, and Internet and mobile banking services. In addition, the company offers origination and distribution units for structured credit and debt products, debt capital markets, project finance, and asset and capital structuring; and equity custodial and related services, which include equity derivatives, exchange-traded derivatives, cash equities, and equity research; and treasury trading services. As of December 31, 2015, it had 1,354 offices and 5,989 ATMs in Mexico. The company was formerly known as Grupo Financiero Santander, S.A.B. de C.V. and changed its name to Grupo Financiero Santander Mexico, S.A.B. de C.V. in August 2012. The company was founded in 1991 and is headquartered in Mexico City, Mexico. Grupo Financiero Santander Mexico, S.A.B. de C.V. is a subsidiary of Banco Santander, S.A..