Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) Holdings Cut by Renaissance Group LLC

Renaissance Group LLC cut its position in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) by 22.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,662,775 shares of the bank’s stock after selling 489,786 shares during the quarter. Renaissance Group LLC owned 0.25% of Grupo Financiero Santander Mexico S.A. B. de C.V. worth $16,777,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in BSMX. Macquarie Group Ltd. grew its position in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. by 5.4% in the third quarter. Macquarie Group Ltd. now owns 6,893,231 shares of the bank’s stock valued at $69,552,000 after purchasing an additional 352,080 shares during the period. Principal Financial Group Inc. purchased a new stake in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. in the second quarter valued at $23,484,000. Global X MANAGEMENT CO LLC grew its position in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. by 5.4% in the third quarter. Global X MANAGEMENT CO LLC now owns 1,129,516 shares of the bank’s stock valued at $11,397,000 after purchasing an additional 57,510 shares during the period. Global X Management Co. LLC purchased a new stake in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. in the second quarter valued at $10,334,000. Finally, Northern Trust Corp grew its position in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. by 49.2% in the second quarter. Northern Trust Corp now owns 1,057,865 shares of the bank’s stock valued at $10,198,000 after purchasing an additional 348,948 shares during the period. 29.45% of the stock is owned by institutional investors.

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE BSMX) traded up $0.01 during trading on Thursday, reaching $7.75. 3,418,909 shares of the company’s stock traded hands, compared to its average volume of 1,655,793. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $5,149.23, a P/E ratio of 11.40, a price-to-earnings-growth ratio of 1.58 and a beta of 1.35. Grupo Financiero Santander Mexico S.A. B. de C.V. has a 52-week low of $6.89 and a 52-week high of $10.82.

A number of brokerages recently weighed in on BSMX. Zacks Investment Research upgraded Grupo Financiero Santander Mexico S.A. B. de C.V. from a “sell” rating to a “hold” rating in a report on Monday. Scotia Howard Weill upgraded Grupo Financiero Santander Mexico S.A. B. de C.V. from an “underperform” rating to a “sector perform” rating in a research note on Monday, November 27th. TheStreet cut Grupo Financiero Santander Mexico S.A. B. de C.V. from a “b-” rating to a “c+” rating in a research note on Thursday, November 9th. J P Morgan Chase & Co restated a “neutral” rating on shares of Grupo Financiero Santander Mexico S.A. B. de C.V. in a research note on Thursday, November 2nd. Finally, BidaskClub cut Grupo Financiero Santander Mexico S.A. B. de C.V. from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $10.53.

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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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