Public Employees Retirement System of Ohio cut its stake in Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) by 3.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,055,070 shares of the bank’s stock after selling 33,912 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.16% of Grupo Financiero Santander Mexico S.A. B. de C.V. worth $10,646,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dorsey & Whitney Trust CO LLC acquired a new position in Grupo Financiero Santander Mexico S.A. B. de C.V. during the third quarter valued at approximately $119,000. Teacher Retirement System of Texas acquired a new position in Grupo Financiero Santander Mexico S.A. B. de C.V. during the third quarter valued at approximately $167,000. Nomura Asset Management Co. Ltd. acquired a new position in Grupo Financiero Santander Mexico S.A. B. de C.V. during the third quarter valued at approximately $229,000. Citadel Advisors LLC acquired a new position in Grupo Financiero Santander Mexico S.A. B. de C.V. during the third quarter valued at approximately $404,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Grupo Financiero Santander Mexico S.A. B. de C.V. during the third quarter valued at approximately $412,000. 29.45% of the stock is currently owned by institutional investors and hedge funds.

BSMX has been the topic of a number of recent research reports. ValuEngine raised shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research raised shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Tuesday, September 26th. 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 report on Thursday, August 31st. Finally, TheStreet cut shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a “b-” rating to a “c+” rating in a research report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Grupo Financiero Santander Mexico S.A. B. de C.V. has an average rating of “Hold” and an average price target of $10.53.

Shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) opened at $7.56 on Wednesday. The stock has a market cap of $4,956.55, a P/E ratio of 10.97, a PEG ratio of 1.52 and a beta of 1.35. Grupo Financiero Santander Mexico S.A. B. de C.V. has a 12 month low of $6.89 and a 12 month high of $10.82. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.01 and a current ratio of 1.01.

The company also recently disclosed a None dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Tuesday, December 26th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, December 22nd. This represents a dividend yield of 4.94%. Grupo Financiero Santander Mexico S.A. B. de C.V.’s dividend payout ratio is currently 80.88%.

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Grupo Financiero Santander Mexico S.A. B. de C.V. 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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