Global X Management Co. LLC purchased a new stake in shares of Santander Mexico Fincl Gp SAB deCV (NYSE:BSMX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,072,006 shares of the bank’s stock, valued at approximately $10,334,000.

Other institutional investors have also recently modified their holdings of the company. Quantitative Systematic Strategies LLC purchased a new position in shares of Santander Mexico Fincl Gp SAB deCV during the first quarter valued at about $312,000. Flossbach Von Storch AG raised its position in shares of Santander Mexico Fincl Gp SAB deCV 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 Santander Mexico Fincl Gp SAB deCV during the second quarter valued at about $167,000. NN Investment Partners Holdings N.V. purchased a new position in shares of Santander Mexico Fincl Gp SAB deCV during the second quarter valued at about $213,000. Finally, Virtu Financial LLC purchased a new position in shares of Santander Mexico Fincl Gp SAB deCV during the second quarter valued at about $364,000. 32.59% of the stock is currently owned by institutional investors and hedge funds.

Santander Mexico Fincl Gp SAB deCV (NYSE BSMX) opened at 10.41 on Thursday. Santander Mexico Fincl Gp SAB deCV has a 1-year low of $6.73 and a 1-year high of $10.70. The firm has a 50-day moving average price of $10.04 and a 200 day moving average price of $8.89. The firm has a market cap of $14.11 billion, a price-to-earnings ratio of 13.79 and a beta of 1.39.

Santander Mexico Fincl Gp SAB deCV (NYSE:BSMX) last announced its quarterly earnings data on Friday, July 28th. The bank reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $963.79 million. Santander Mexico Fincl Gp SAB deCV had a return on equity of 13.20% and a net margin of 21.50%. Equities analysts predict that Santander Mexico Fincl Gp SAB deCV will post $0.72 earnings per share for the current year.

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BSMX has been the topic of several research reports. J P Morgan Chase & Co raised Santander Mexico Fincl Gp SAB deCV from a “neutral” rating to an “overweight” rating and cut their price target for the company from $9.50 to $7.50 in a research note on Thursday, May 4th. Zacks Investment Research raised Santander Mexico Fincl Gp SAB deCV from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Friday, May 5th. Citigroup Inc. raised Santander Mexico Fincl Gp SAB deCV from a “neutral” rating to a “buy” rating in a research note on Thursday, July 20th. ValuEngine raised Santander Mexico Fincl Gp SAB deCV from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, BidaskClub lowered Santander Mexico Fincl Gp SAB deCV from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $8.87.

About Santander Mexico Fincl Gp SAB deCV

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.

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Institutional Ownership by Quarter for Santander Mexico Fincl Gp SAB deCV (NYSE:BSMX)

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