Schroder Investment Management Lt has recently announced that it has increased stake in Banco Santander Mexico SA ADR (NYSE:BSMX) by 6.12%. After grabbing 1.17 million shares, the institutional investor is now in possession of 67630.0 shares of the Financial Company. The new investment brought the stake of investor firm to 0.18% having worth around $7.07 million. Moreover, Philadelphia Financial Management increased its share by 0.29 million to have a control over 0.79 million shares.
Banco Santander Mexico SA ADR (BSMX) concluded trading on 01/19/23 at a closing price of $6.40, with 0.54 million shares of worth about $3.42 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 33.61% during that period and on Thursday the price saw a gain of about 1.91%. Currently the company’s common shares owned by public are about 6.78B shares, out of which, 6.66B shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 9 analysts are covering the BSMX stock and their offered price forecasts bring an average price target of $6.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $6.00 and could fall to a lowest price of $6.00. The stock’s current price level is 1.08% above of average price target set by the analysts, while a rise to estimated low would result in loss of -6.67% for the stock. However, touching the estimated high of $6.00 would mean a loss of -6.67% for the stock.
Templeton Emerging Markets Invest, Delaware Emerging Markets Fund, and Templeton Developing Markets Trus are the top 3 mutual funds which are holding stakes in Banco Santander Mexico SA ADR Templeton Emerging Markets Invest is currently holding 14.69 million shares of worth totaling $88.58 million. The company recently came buying 0.0 shares which brought its stake up to 2.21% of the company’s outstanding shares. Templeton Developing Markets Trus, after buying 3.73 million shares, have now control over 0.56% of the stake in the company. It holds 0.0 shares of worth $22.47 million.
Banco Santander Mexico SA ADR (NYSE: BSMX) started trading at $6.30, above $0.02 from concluding price of the previous day. However, the stock later moved at a day high price of 6.40, or with a gain of 1.91%. Stock saw a price change of 3.90% in past 5 days and over the past one month there was a price change of 4.92%. Year-to-date (YTD), BSMX shares are showing a performance of 6.14% which increased to 10.92% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.52 but also hit the highest price of $6.31 during that period. The average intraday trading volume for Banco Santander Mexico SA ADR shares is 60.10K. The stock is currently trading 5.42% above its 20-day simple moving average (SMA20), while that difference is up 6.40% for SMA50 and it goes to 16.66% higher than SMA200.
Schroder Investment Management Lt acquired 1.17 million shares of Banco Santander Mexico SA ADR having value of about $7.07 million. Data submitted at the U.S SEC by Schroder Investment Management Lt revealed that the firm now holds 67630.0 shares in the company valued at close to $432832.0, or have control over 6.12% stake in the company. Banco Santander Mexico SA ADR (NYSE: BSMX) currently have 6.78B outstanding shares and institutions hold larger chunk of about 0.59% of that. Holding of mutual funds in the company is about 17.10% while other institutional holders and individual stake holders have control over 5.16% and — of the stake respectively.
The stock has a current market capitalization of $8.45B. PE ratio of stock for trailing 12 months is 5.77, while it has posted earnings per share of $1.11 in the same period. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BSMX, volatility over the week remained 2.76% while standing at 3.86% over the month.
Analysts are in expectations that Banco Santander Mexico SA ADR (BSMX) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0.85 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.13 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 42.40% while it is estimated to increase by 4.30% in next year. EPS is likely to grow at an annualized rate of 10.10% for next 5-years, compared to annual growth of 2.03% made by the stock over the past 5-years.
Analysts at 9 brokerage firms have issued recommendations for the Banco Santander Mexico SA ADR (BSMX)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.00. Out of those 9 Wall Street analysts, 1 recommended a “Buy” rating, while 6 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on March 30, 2022 offering a Neutral rating for the stock and assigned a target price of $6 to it. Coverage by Goldman stated Banco Santander Mexico SA ADR (BSMX) stock as a Neutral in their note to investors on January 14, 2022, suggesting a price target of $7 for the stock. On November 18, 2021, BofA Securities Downgrade their recommendations, while on November 02, 2021, HSBC Securities Downgrade their ratings for the stock with a price target of $7.50. Stock get a Buy rating from HSBC Securities on June 10, 2021.