Banco Santander Mexico Sa Instcn De (BSMX) Stake Lowered by Schroder Investment Management Group

Schroder Investment Management Group decreased its position in shares of Banco Santander Mexico Sa Instcn De (NYSE:BSMX) by 21.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,361,300 shares of the bank’s stock after selling 919,817 shares during the quarter. Schroder Investment Management Group owned 0.51% of Banco Santander Mexico Sa Instcn De worth $22,487,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of BSMX. Standard Life Aberdeen plc purchased a new stake in shares of Banco Santander Mexico Sa Instcn De during the second quarter valued at approximately $11,549,000. Northern Trust Corp grew its holdings in shares of Banco Santander Mexico Sa Instcn De by 241.1% during the first quarter. Northern Trust Corp now owns 1,503,738 shares of the bank’s stock valued at $10,783,000 after buying an additional 1,062,936 shares during the last quarter. Sei Investments Co. boosted its holdings in Banco Santander Mexico Sa Instcn De by 202.7% in the first quarter. Sei Investments Co. now owns 700,307 shares of the bank’s stock worth $5,021,000 after purchasing an additional 468,979 shares during the last quarter. Aperio Group LLC boosted its holdings in Banco Santander Mexico Sa Instcn De by 459.8% in the second quarter. Aperio Group LLC now owns 290,448 shares of the bank’s stock worth $1,943,000 after purchasing an additional 238,561 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Banco Santander Mexico Sa Instcn De by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,070,862 shares of the bank’s stock worth $20,536,000 after purchasing an additional 205,942 shares during the last quarter. Hedge funds and other institutional investors own 27.94% of the company’s stock.

Shares of BSMX stock opened at $7.54 on Friday. Banco Santander Mexico Sa Instcn De has a 12-month low of $6.28 and a 12-month high of $9.55. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market capitalization of $5.16 billion, a P/E ratio of 10.93, a P/E/G ratio of 1.98 and a beta of 1.47.

Banco Santander Mexico Sa Instcn De (NYSE:BSMX) last issued its earnings results on Thursday, July 26th. The bank reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.02. Banco Santander Mexico Sa Instcn De had a net margin of 16.49% and a return on equity of 15.35%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.06 billion. As a group, equities analysts predict that Banco Santander Mexico Sa Instcn De will post 0.72 EPS for the current year.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Banco Santander Mexico Sa Instcn De from a “buy” rating to a “hold” rating in a report on Tuesday, July 17th. Credit Suisse Group upgraded shares of Banco Santander Mexico Sa Instcn De from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 10th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $8.75.

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.

Read More: Hedge Funds – Risk or Reward?

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

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