Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its stake in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) by 0.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,860,995 shares of the bank’s stock after selling 13,986 shares during the period. Dimensional Fund Advisors LP owned about 0.21% of Grupo Financiero Santander Mexico S.A. B. de C.V. worth $27,577,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Huntington National Bank grew its stake in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. by 4.1% in the second quarter. Huntington National Bank now owns 11,891 shares of the bank’s stock worth $115,000 after purchasing an additional 463 shares during the last quarter. Eqis Capital Management Inc. grew its stake in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. by 3.0% in the second quarter. Eqis Capital Management Inc. now owns 39,668 shares of the bank’s stock worth $382,000 after purchasing an additional 1,161 shares during the last quarter. Aperio Group LLC grew its stake in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. by 10.5% in the second quarter. Aperio Group LLC now owns 58,074 shares of the bank’s stock worth $560,000 after purchasing an additional 5,518 shares during the last quarter. Sei Investments Co. grew its stake in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. by 16.6% in the second quarter. Sei Investments Co. now owns 49,192 shares of the bank’s stock worth $474,000 after purchasing an additional 6,992 shares during the last quarter. Finally, Paragon Capital Management Ltd grew its stake in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. by 42.8% in the second quarter. Paragon Capital Management Ltd now owns 33,429 shares of the bank’s stock worth $322,000 after purchasing an additional 10,017 shares during the last quarter. 30.95% of the stock is currently owned by institutional investors.

Shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE BSMX) opened at $8.36 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $5.50 billion, a P/E ratio of 12.18, a price-to-earnings-growth ratio of 2.20 and a beta of 1.36.

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Several analysts recently weighed in on the stock. J P Morgan Chase & Co cut shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from an “overweight” rating to a “hold” rating and reduced their price objective for the stock from $11.00 to $10.00 in a research note on Wednesday. BidaskClub cut shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. TheStreet raised shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a “c” rating to a “b-” rating in a research note on Tuesday, August 1st. Zacks Investment Research raised shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Tuesday, August 22nd. Finally, ValuEngine cut shares of 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. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $10.53.

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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