Global X MANAGEMENT CO LLC Has $11.40 Million Position in Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX)

Global X MANAGEMENT CO LLC boosted its holdings in Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) by 5.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,129,516 shares of the bank’s stock after purchasing an additional 57,510 shares during the quarter. Global X MANAGEMENT CO LLC owned approximately 0.17% of Grupo Financiero Santander Mexico S.A. B. de C.V. worth $11,397,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in BSMX. Huntington National Bank increased its stake in 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 valued at $115,000 after purchasing an additional 463 shares during the last quarter. Atria Investments LLC acquired a new position in Grupo Financiero Santander Mexico S.A. B. de C.V. in the second quarter valued at $167,000. NN Investment Partners Holdings N.V. acquired a new position in Grupo Financiero Santander Mexico S.A. B. de C.V. in the second quarter valued at $213,000. Paragon Capital Management Ltd increased its stake in Grupo Financiero Santander Mexico S.A. B. de C.V. by 42.8% in the second quarter. Paragon Capital Management Ltd now owns 33,429 shares of the bank’s stock valued at $322,000 after purchasing an additional 10,017 shares during the last quarter. Finally, Eqis Capital Management Inc. increased its stake in Grupo Financiero Santander Mexico S.A. B. de C.V. by 3.0% in the second quarter. Eqis Capital Management Inc. now owns 39,668 shares of the bank’s stock valued at $382,000 after purchasing an additional 1,161 shares during the last quarter. Hedge funds and other institutional investors own 30.70% of the company’s stock.

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Shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE BSMX) traded down $0.15 during trading hours on Friday, reaching $8.15. The company’s stock had a trading volume of 1,265,845 shares, compared to its average volume of 2,046,800. The firm has a market capitalization of $5,514.66, a price-to-earnings ratio of 12.21, a PEG ratio of 2.20 and a beta of 1.36. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.01 and a quick ratio of 1.01. 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 several analyst reports. J P Morgan Chase & Co lowered Grupo Financiero Santander Mexico S.A. B. de C.V. from an “overweight” rating to a “hold” rating and dropped their target price for the company from $11.00 to $10.00 in a research note on Wednesday, November 1st. 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 research note on Monday, September 4th. BidaskClub lowered Grupo Financiero Santander Mexico S.A. B. de C.V. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 31st. Credit Suisse Group lowered Grupo Financiero Santander Mexico S.A. B. de C.V. from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 19th. Finally, Citigroup Inc. upgraded Grupo Financiero Santander Mexico S.A. B. de C.V. from a “neutral” rating to a “buy” rating in a research note on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $10.53.

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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