Russell Investments Group Ltd. Buys 284,200 Shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX)

Russell Investments Group Ltd. grew its stake in Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) by 93.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 588,852 shares of the bank’s stock after purchasing an additional 284,200 shares during the period. Russell Investments Group Ltd. owned about 0.09% of Grupo Financiero Santander Mexico S.A. B. de C.V. worth $5,941,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Principal Financial Group Inc. acquired a new position in Grupo Financiero Santander Mexico S.A. B. de C.V. in the 2nd quarter valued at $23,484,000. JPMorgan Chase & Co. raised its stake in Grupo Financiero Santander Mexico S.A. B. de C.V. by 247.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 738,423 shares of the bank’s stock valued at $7,117,000 after purchasing an additional 525,642 shares during the last quarter. Northern Trust Corp raised its stake in Grupo Financiero Santander Mexico S.A. B. de C.V. by 49.2% in the 2nd quarter. Northern Trust Corp now owns 1,057,865 shares of the bank’s stock valued at $10,198,000 after purchasing an additional 348,948 shares during the last quarter. State of New Jersey Common Pension Fund D raised its stake in Grupo Financiero Santander Mexico S.A. B. de C.V. by 44.5% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 581,928 shares of the bank’s stock valued at $5,610,000 after purchasing an additional 179,093 shares during the last quarter. Finally, Newfoundland Capital Management acquired a new stake in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. in the 2nd quarter worth $1,701,000. Institutional investors and hedge funds own 29.45% of the company’s stock.

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE BSMX) opened at $7.80 on Monday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $5,182.45, a PE ratio of 11.47, a PEG ratio of 1.59 and a beta of 1.35. Grupo Financiero Santander Mexico S.A. B. de C.V. has a 52 week low of $6.89 and a 52 week high of $10.82.

A number of equities analysts recently commented on BSMX shares. BidaskClub upgraded Grupo Financiero Santander Mexico S.A. B. de C.V. from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Zacks Investment Research upgraded Grupo Financiero Santander Mexico S.A. B. de C.V. from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Tuesday, August 22nd. Goldman Sachs Group upgraded Grupo Financiero Santander Mexico S.A. B. de C.V. from a “sell” rating to a “neutral” rating and set a $10.60 target price for the company in a report on Monday, September 11th. Finally, Credit Suisse Group cut Grupo Financiero Santander Mexico S.A. B. de C.V. from an “outperform” rating to a “neutral” rating in a report on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $10.53.

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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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