Sumitomo Mitsui Asset Management Company LTD Has $3.23 Million Stake in Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX)

Sumitomo Mitsui Asset Management Company LTD reduced its position in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) by 8.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 334,678 shares of the bank’s stock after selling 32,384 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Grupo Financiero Santander Mexico S.A. B. de C.V. were worth $3,226,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quantitative Systematic Strategies LLC acquired a new stake in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. during the first quarter valued at approximately $312,000. Flossbach Von Storch AG raised its position in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. by 30.4% in the first quarter. Flossbach Von Storch AG now owns 150,000 shares of the bank’s stock valued at $1,355,000 after buying an additional 35,000 shares during the period. Atria Investments LLC purchased a new position in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. during the second quarter valued at about $167,000. NN Investment Partners Holdings N.V. purchased a new position in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. during the second quarter valued at about $213,000. Finally, Virtu Financial LLC purchased a new position in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. during the second quarter valued at about $364,000. Institutional investors and hedge funds own 32.76% of the company’s stock.

Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) opened at 10.53 on Friday. The company has a market capitalization of $14.27 billion, a P/E ratio of 13.95 and a beta of 1.39. The company’s 50 day moving average price is $10.23 and its 200-day moving average price is $9.05. Grupo Financiero Santander Mexico S.A. B. de C.V. has a 12-month low of $6.73 and a 12-month high of $10.76.

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) last issued its quarterly earnings data on Friday, July 28th. The bank reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $963.79 million. Grupo Financiero Santander Mexico S.A. B. de C.V. had a return on equity of 15.11% and a net margin of 15.97%. Equities analysts forecast that Grupo Financiero Santander Mexico S.A. B. de C.V. will post $0.74 earnings per share for the current fiscal year.

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Several research firms have weighed in on BSMX. BidaskClub raised Grupo Financiero Santander Mexico S.A. B. de C.V. from a “buy” rating to a “strong-buy” rating in a research note on Thursday. ValuEngine lowered Grupo Financiero Santander Mexico S.A. B. de C.V. from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. TheStreet raised Grupo Financiero Santander Mexico S.A. B. de C.V. from a “c” rating to a “b-” rating in a research report on Tuesday, August 1st. Zacks Investment Research lowered Grupo Financiero Santander Mexico S.A. B. de C.V. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, J P Morgan Chase & Co raised Grupo Financiero Santander Mexico S.A. B. de C.V. from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $9.50 to $7.50 in a research report on Thursday, May 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $8.87.

Grupo Financiero Santander Mexico S.A. B. de C.V. Company Profile

Grupo Financiero Santander Mexico SAB de CV, formerly Santander Mexico Financial Group SAB de CV or Grupo Financiero Santander SAB de CV, is a Mexico-based financial institution. The Company is primarily engaged in the provision of multiple banking services, securities brokerage, financial advice services, as well as other related investment activities.

Institutional Ownership by Quarter for Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX)

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