Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY – Get Rating) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $44.55 and last traded at $42.90, with a volume of 47137 shares trading hands. The stock had previously closed at $44.26.

Analyst Upgrades and Downgrades

Separately, Scotiabank cut Grupo Financiero Banorte from an "outperform" rating to a "sector perform" rating in a research note on Friday, January 20th.

Grupo Financiero Banorte Stock Performance

The firm has a fifty day moving average price of $40.25 and a 200 day moving average price of $37.13. The stock has a market cap of $24.74 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of 0.50 and a beta of 1.11.

Grupo Financiero Banorte Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, December 19th. Stockholders of record on Monday, December 12th were given a dividend of $1.3296 per share. This represents a dividend yield of 7.19%. The ex-dividend date was Friday, December 9th. Grupo Financiero Banorte's dividend payout ratio (DPR) is presently 85.53%.

Grupo Financiero Banorte Company Profile

(Get Rating)

Grupo Financiero Banorte SAB de CV is a holding company, which engages in the provision of banking services. It operates through the following segments: Holding, Banorte, Savings and Forecast, Landlord and Factor, Storage, and Brokerage house Banorte. The company was founded in 1899 and is headquartered in Mexico City, Mexico.

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