Macquarie Group Ltd. trimmed its stake in Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) by 2.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 6,541,151 shares of the bank’s stock after selling 138,665 shares during the quarter. Macquarie Group Ltd. owned approximately 0.48% of Grupo Financiero Santander Mexico S.A. B. de C.V. worth $63,060,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of BSMX. Atria Investments LLC bought a new stake in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. during the second quarter valued at about $167,000. NN Investment Partners Holdings N.V. bought a new stake in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. during the second quarter valued at about $213,000. Virtu Financial LLC bought a new stake in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. during the second quarter valued at about $364,000. Eqis Capital Management Inc. raised its stake in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. by 3.0% during 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 in the last quarter. Finally, Aperio Group LLC raised its stake in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. by 10.5% during the second quarter. Aperio Group LLC now owns 58,074 shares of the bank’s stock valued at $560,000 after purchasing an additional 5,518 shares in the last quarter. Institutional investors own 30.87% of the company’s stock.

A number of equities research analysts recently weighed in on BSMX shares. Goldman Sachs Group, Inc. (The) upgraded shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a “sell” rating to a “neutral” rating and set a $10.60 price objective on the stock in a research note on Monday, September 11th. Zacks Investment Research upgraded shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Monday, September 4th. BidaskClub cut shares of 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 AG cut shares of 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 shares of 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. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $9.70.

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Shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE BSMX) traded down 0.91% during midday trading on Friday, reaching $9.75. 147,901 shares of the company’s stock traded hands. The firm has a market capitalization of $13.22 billion, a P/E ratio of 12.75 and a beta of 1.38. The stock’s 50 day moving average price is $10.24 and its 200 day moving average price is $9.69. Grupo Financiero Santander Mexico S.A. B. de C.V. has a 52-week low of $6.73 and a 52-week high of $10.82.

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) last issued its quarterly earnings results on Friday, July 28th. The bank reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. Grupo Financiero Santander Mexico S.A. B. de C.V. had a return on equity of 15.11% and a net margin of 15.97%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $963.79 million. On average, equities research analysts anticipate that Grupo Financiero Santander Mexico S.A. B. de C.V. will post $0.73 EPS for the current fiscal year.

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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