Acadian Asset Management LLC Invests $2.53 Million in Banco Santander Mexico Sa Instcn De (NYSE:BSMX) Stock

Acadian Asset Management LLC bought a new position in Banco Santander Mexico Sa Instcn De (NYSE:BSMX) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 325,559 shares of the bank’s stock, valued at approximately $2,527,000.

A number of other large investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its stake in Banco Santander Mexico Sa Instcn De by 31.1% in the first quarter. JPMorgan Chase & Co. now owns 127,592 shares of the bank’s stock valued at $915,000 after acquiring an additional 30,275 shares during the last quarter. Royal Bank of Canada raised its position in shares of Banco Santander Mexico Sa Instcn De by 61.7% in the first quarter. Royal Bank of Canada now owns 178,325 shares of the bank’s stock valued at $1,279,000 after purchasing an additional 68,011 shares during the period. Aperio Group LLC raised its position in shares of Banco Santander Mexico Sa Instcn De by 459.8% in the second quarter. Aperio Group LLC now owns 290,448 shares of the bank’s stock valued at $1,943,000 after purchasing an additional 238,561 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Banco Santander Mexico Sa Instcn De by 9.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 400,026 shares of the bank’s stock valued at $2,676,000 after purchasing an additional 34,000 shares during the period. Finally, Sei Investments Co. raised its position in shares of Banco Santander Mexico Sa Instcn De by 7.4% in the second quarter. Sei Investments Co. now owns 751,886 shares of the bank’s stock valued at $5,029,000 after purchasing an additional 51,579 shares during the period. 26.41% of the stock is currently owned by institutional investors and hedge funds.

NYSE:BSMX traded up $0.12 during mid-day trading on Monday, reaching $6.22. 2,255,700 shares of the company’s stock were exchanged, compared to its average volume of 1,504,570. Banco Santander Mexico Sa Instcn De has a one year low of $5.68 and a one year high of $8.81. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 9.01, a P/E/G ratio of 1.15 and a beta of 1.61. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.21 and a current ratio of 1.21.

Banco Santander Mexico Sa Instcn De (NYSE:BSMX) last released its earnings results on Wednesday, October 31st. The bank reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. Banco Santander Mexico Sa Instcn De had a net margin of 15.36% and a return on equity of 16.23%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.09 billion. Sell-side analysts anticipate that Banco Santander Mexico Sa Instcn De will post 0.75 EPS for the current year.

Several brokerages have recently weighed in on BSMX. Zacks Investment Research raised shares of Banco Santander Mexico Sa Instcn De from a “hold” rating to a “strong-buy” rating and set a $9.00 price objective on the stock in a research report on Thursday, October 18th. Citigroup lowered shares of Banco Santander Mexico Sa Instcn De from a “buy” rating to a “neutral” rating in a research report on Friday. Finally, Scotia Howard Weill lowered shares of Banco Santander Mexico Sa Instcn De from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, November 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Banco Santander Mexico Sa Instcn De has an average rating of “Hold” and an average price target of $8.00.

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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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