It is currently trading at $8.42 quite a bit below $9.54, the 50 day moving average and which is well below the 200 day moving average of $9.73. The 50 day moving average was down $-1.12 and the 200 day average went down $-1.31 or -13.43%. Trading was light with 1,374K shares changing hands on Tuesday. Overall, volume was down 38.11% under the stocks normal daily volume.
Traders are feeling more bearish on shares of the company of late if you take a look at the rise in short interest. The firm experienced a rise in short interest of 39.88% as of October 13, 2017 from the last reporting period. Short interest increased 1,121,897 over that timeframe. Days to cover increased from 1.0 to 2.0 and the percentage of shorted shares is 0.00% as of October 13.
Here are a few substantial investment firms who have updated their positions. Pictet Asset Management Ltd cut its investment by selling 1,321,083 shares a decrease of 40.6% from 06/30/2017 to 09/30/2017. Pictet Asset Management Ltd claims 1,933,679 shares with a value of $19,511,000. The value of the position overall is down by 34.4%. As of the end of the quarter Aperio Group, LLC had acquired a total of 6,604 shares growing its holdings by 11.4%. The value of the total investment in Grupo Financiero Santander Mexi went from $560,000 to $653,000 a change of 16.6% quarter over quarter.
As of quarter end State Of New Jersey Common Pension Fund D had sold 351,386 shares trimming its position 60.4%. The value of the investment in BSMX decreased from $5,610,000 to $2,326,000 decreasing 58.5% since the last quarter. As of the end of the quarter Sumitomo Mitsui Asset Management Company, Ltd had acquired 5,678 shares growing its stake by 1.7%. The value of the company’s investment in Grupo Financiero Santander Mexi went from $3,226,000 to $3,434,000 a change of $208,000 quarter to quarter.
The company’s P/E ratio is 11.01 and the market cap of the company is 11.41B. In the last earnings report the EPS was $0.76 and is expected to be $0.72 for the current year with 1,355,484,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $0.17 and the next full year EPS is anticipated to be $0.81.
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..