1,500,470 Shares in Banco Santander Mexico Sa Instcn De (NYSE:BSMX) Acquired by Jefferies Group LLC

Jefferies Group LLC bought a new position in Banco Santander Mexico Sa Instcn De (NYSE:BSMX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,500,470 shares of the bank’s stock, valued at approximately $11,479,000. Jefferies Group LLC owned about 0.11% of Banco Santander Mexico Sa Instcn De as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BSMX. Advisors Asset Management Inc. lifted its position in Banco Santander Mexico Sa Instcn De by 44.3% during the first quarter. Advisors Asset Management Inc. now owns 9,467 shares of the bank’s stock valued at $64,000 after buying an additional 2,908 shares in the last quarter. Quantamental Technologies LLC acquired a new position in Banco Santander Mexico Sa Instcn De during the second quarter valued at approximately $65,000. NumerixS Investment Technologies Inc acquired a new position in Banco Santander Mexico Sa Instcn De during the second quarter valued at approximately $77,000. Gamco Investors INC. ET AL acquired a new position in Banco Santander Mexico Sa Instcn De during the second quarter valued at approximately $79,000. Finally, Rehmann Capital Advisory Group lifted its position in Banco Santander Mexico Sa Instcn De by 23.4% during the first quarter. Rehmann Capital Advisory Group now owns 12,629 shares of the bank’s stock valued at $85,000 after buying an additional 2,393 shares in the last quarter. 10.27% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE BSMX traded down $0.09 during trading on Friday, reaching $6.37. 234,280 shares of the stock were exchanged, compared to its average volume of 4,014,071. The business’s 50-day moving average price is $6.53 and its 200 day moving average price is $7.27. Banco Santander Mexico Sa Instcn De has a twelve month low of $5.68 and a twelve month high of $8.74. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $8.70 billion, a price-to-earnings ratio of 8.49, a price-to-earnings-growth ratio of 1.90 and a beta of 1.37.

Banco Santander Mexico Sa Instcn De (NYSE:BSMX) last posted its earnings results on Thursday, July 25th. The bank reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. Banco Santander Mexico Sa Instcn De had a net margin of 14.86% and a return on equity of 15.56%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.05 billion. As a group, sell-side analysts expect that Banco Santander Mexico Sa Instcn De will post 0.8 earnings per share for the current fiscal year.

A number of brokerages have weighed in on BSMX. ValuEngine cut shares of Banco Santander Mexico Sa Instcn De from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Bank of America reaffirmed a “neutral” rating on shares of Banco Santander Mexico Sa Instcn De in a research report on Thursday, September 12th. Finally, Zacks Investment Research cut shares of Banco Santander Mexico Sa Instcn De from a “buy” rating to a “hold” rating in a research report on Monday. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of $7.58.

Banco Santander Mexico Sa Instcn De Company Profile

Banco Santander (México), SA, Institución de Banca Múltiple, Grupo Financiero Santander México provides various banking products and services in Mexico. The company operates through Retail Banking and Global Corporate Banking segments. It offers various deposit products, such as current accounts, savings accounts, and time deposits, as well as certificates of interbank deposits; and payroll loans, personal loans, credit cards, mortgages, and insurance brokerage services.

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Institutional Ownership by Quarter for Banco Santander Mexico Sa Instcn De (NYSE:BSMX)

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