FIL Ltd purchased a new stake in Banco Santander Mexico Sa Instcn De (NYSE:BSMX) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,424,345 shares of the bank’s stock, valued at approximately $9,643,000.

A number of other hedge funds have also recently made changes to their positions in BSMX. Bank of America Corp DE lifted its stake in shares of Banco Santander Mexico Sa Instcn De by 139.3% during the 4th quarter. Bank of America Corp DE now owns 4,468,205 shares of the bank’s stock worth $27,524,000 after buying an additional 2,601,345 shares during the last quarter. Prudential PLC acquired a new stake in shares of Banco Santander Mexico Sa Instcn De during the 4th quarter worth about $7,521,000. Bank of New York Mellon Corp acquired a new stake in shares of Banco Santander Mexico Sa Instcn De during the 3rd quarter worth about $5,493,000. Macquarie Group Ltd. lifted its stake in shares of Banco Santander Mexico Sa Instcn De by 6.6% during the 4th quarter. Macquarie Group Ltd. now owns 9,857,853 shares of the bank’s stock worth $60,724,000 after buying an additional 608,116 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Banco Santander Mexico Sa Instcn De by 12.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,449,008 shares of the bank’s stock worth $23,346,000 after buying an additional 375,834 shares during the last quarter.

Shares of Banco Santander Mexico Sa Instcn De stock opened at $7.50 on Thursday. Banco Santander Mexico Sa Instcn De has a twelve month low of $5.68 and a twelve month high of $8.81. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $10.29 billion, a price-to-earnings ratio of 10.00, a price-to-earnings-growth ratio of 1.19 and a beta of 1.41.

Banco Santander Mexico Sa Instcn De (NYSE:BSMX) last issued its quarterly earnings data on Tuesday, April 30th. The bank reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. Banco Santander Mexico Sa Instcn De had a net margin of 14.87% and a return on equity of 15.98%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. As a group, equities research analysts expect that Banco Santander Mexico Sa Instcn De will post 0.74 EPS for the current fiscal year.

The firm also recently disclosed a special dividend, which was paid on Tuesday, June 4th. Shareholders of record on Friday, May 24th were paid a $0.187 dividend. This is a boost from Banco Santander Mexico Sa Instcn De’s previous special dividend of $0.18. The ex-dividend date was Thursday, May 23rd. Banco Santander Mexico Sa Instcn De’s payout ratio is 6.67%.

A number of analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Banco Santander Mexico Sa Instcn De from a “hold” rating to a “sell” rating in a research note on Tuesday. ValuEngine upgraded shares of Banco Santander Mexico Sa Instcn De from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Finally, Morgan Stanley cut shares of Banco Santander Mexico Sa Instcn De from an “overweight” rating to an “underweight” rating in a research note on Friday, March 8th. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Banco Santander Mexico Sa Instcn De presently has an average rating of “Hold” and a consensus price target of $7.20.

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Banco Santander Mexico Sa Instcn De Company Profile

Banco Santander (México), SA, Institución de Banca Múltiple, Grupo Financiero Santander México provides various banking products and services in Mexico. The company operates through Retail Banking and Global Corporate Banking segments. It offers various deposit products, such as current accounts, savings accounts, and time deposits, as well as certificates of interbank deposits; and payroll loans, personal loans, credit cards, mortgages, and insurance brokerage services.

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Institutional Ownership by Quarter for Banco Santander Mexico Sa Instcn De (NYSE:BSMX)

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