Sumitomo Mitsui Trust Holdings Inc. increased its stake in Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) by 23.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 260,226 shares of the bank’s stock after acquiring an additional 49,925 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Grupo Financiero Santander Mexico S.A. B. de C.V. were worth $2,626,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Aperio Group LLC boosted its position 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 buying an additional 5,518 shares during the period. Huntington National Bank lifted its position 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 buying an additional 463 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. by 44.5% in the second quarter. State of New Jersey Common Pension Fund D now owns 581,928 shares of the bank’s stock worth $5,610,000 after buying an additional 179,093 shares during the last quarter. Sei Investments Co. lifted its position 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 buying an additional 6,992 shares during the last quarter. Finally, TD Asset Management Inc. lifted its position in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. by 44.2% in the second quarter. TD Asset Management Inc. now owns 95,002 shares of the bank’s stock worth $916,000 after buying an additional 29,140 shares during the last quarter. 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 $8.30 on Thursday. 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 company has a market capitalization of $5,461.51, a PE ratio of 12.09, a PEG ratio of 2.18 and a beta of 1.36. Grupo Financiero Santander Mexico S.A. B. de C.V. has a 12 month low of $6.73 and a 12 month high of $10.82.

BSMX has been the subject of a number of analyst reports. ValuEngine cut 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. BidaskClub raised Grupo Financiero Santander Mexico S.A. B. de C.V. from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Zacks Investment Research raised 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 for the company in a research report on Tuesday, August 22nd. Goldman Sachs Group raised Grupo Financiero Santander Mexico S.A. B. de C.V. from a “sell” rating to a “neutral” rating and set a $10.60 price target for the company in a research 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 research report on Tuesday, September 19th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price 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.

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Institutional Ownership by Quarter for Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX)

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