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

Analysts at StockNews.com assumed coverage on shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX – Get Rating) in a report issued 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

NYSE:BSMX opened at $5.46 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.92. The firm has a market cap of $7.41 billion, a PE ratio of 5.06, a price-to-earnings-growth ratio of 0.36 and a beta of 1.08. The company’s 50-day moving average price is $6.16 and its two-hundred day moving average price is $6.21. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México has a 12 month low of $4.52 and a 12 month high of $7.11.

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

A number of large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México by 103.9% during the fourth quarter. JPMorgan Chase & Co. now owns 1,700,812 shares of the bank’s stock worth $10,256,000 after acquiring an additional 866,679 shares during the period. Eqis Capital Management Inc. bought a new position in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México during the fourth quarter worth about $1,231,000. Trium Capital LLP bought a new position in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México during the first quarter worth about $256,000. Millennium Management LLC bought a new position in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México in the 4th quarter valued at about $134,000. Finally, Virtu Financial LLC bought a new position in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México in the 1st quarter valued at about $78,000. Institutional investors and hedge funds own 10.91% of the company’s stock.

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.