Dimensional Fund Advisors LP Has $20.54 Million Stake in Banco Santander Mexico Sa Instcn De (BSMX)

Dimensional Fund Advisors LP increased its stake in shares of Banco Santander Mexico Sa Instcn De (NYSE:BSMX) by 7.2% during the second quarter, Holdings Channel reports. The fund owned 3,070,862 shares of the bank’s stock after purchasing an additional 205,942 shares during the period. Dimensional Fund Advisors LP’s holdings in Banco Santander Mexico Sa Instcn De were worth $20,536,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Aperio Group LLC increased its holdings in shares of Banco Santander Mexico Sa Instcn De by 459.8% during the 2nd quarter. Aperio Group LLC now owns 290,448 shares of the bank’s stock valued at $1,943,000 after acquiring an additional 238,561 shares during the last quarter. Standard Life Aberdeen plc acquired a new stake in Banco Santander Mexico Sa Instcn De in the 2nd quarter valued at approximately $11,549,000. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Banco Santander Mexico Sa Instcn De by 9.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 400,026 shares of the bank’s stock valued at $2,676,000 after buying an additional 34,000 shares during the last quarter. Guggenheim Capital LLC grew its holdings in Banco Santander Mexico Sa Instcn De by 5.7% in the 1st quarter. Guggenheim Capital LLC now owns 442,863 shares of the bank’s stock valued at $3,175,000 after buying an additional 23,743 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in Banco Santander Mexico Sa Instcn De by 61.7% in the 1st quarter. Royal Bank of Canada now owns 178,325 shares of the bank’s stock valued at $1,279,000 after buying an additional 68,011 shares during the last quarter. 27.94% of the stock is currently owned by institutional investors and hedge funds.

BSMX opened at $7.54 on Friday. The company has a market capitalization of $5.16 billion, a price-to-earnings ratio of 10.93, a price-to-earnings-growth ratio of 1.98 and a beta of 1.47. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.94. Banco Santander Mexico Sa Instcn De has a 12-month low of $6.28 and a 12-month high of $9.55.

Banco Santander Mexico Sa Instcn De (NYSE:BSMX) last released its earnings results on Thursday, July 26th. The bank reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.02. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.06 billion. Banco Santander Mexico Sa Instcn De had a return on equity of 15.35% and a net margin of 16.49%. Research analysts expect that Banco Santander Mexico Sa Instcn De will post 0.72 EPS for the current fiscal year.

A number of research firms have issued reports on BSMX. Zacks Investment Research lowered Banco Santander Mexico Sa Instcn De from a “buy” rating to a “hold” rating in a report on Tuesday, July 17th. Credit Suisse Group raised Banco Santander Mexico Sa Instcn De from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 10th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $8.75.

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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