Fiera Capital Corp Takes Position in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX)

Fiera Capital Corp bought a new stake in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 36,241 shares of the bank’s stock, valued at approximately $199,000.

Other hedge funds also recently added to or reduced their stakes in the company. Paloma Partners Management Co acquired a new position in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México during the 4th quarter worth approximately $65,000. Renaissance Technologies LLC acquired a new position in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México during the 4th quarter worth approximately $196,000. BlackRock Inc. acquired a new position in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México during the 1st quarter worth approximately $543,000. Schroder Investment Management Group acquired a new position in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México during the 4th quarter worth approximately $2,160,000. Finally, Sei Investments Co. increased its position in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México by 0.4% during the 4th quarter. Sei Investments Co. now owns 568,435 shares of the bank’s stock worth $2,927,000 after purchasing an additional 1,986 shares in the last quarter. Institutional investors and hedge funds own 10.67% of the company’s stock.

NYSE:BSMX opened at $6.53 on Friday. The company has a fifty day moving average price of $5.77. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.91 and a current ratio of 0.91. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México has a 52 week low of $2.86 and a 52 week high of $6.55. The company has a market cap of $8.86 billion, a price-to-earnings ratio of 10.53 and a beta of 1.38.

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX) last posted its quarterly earnings data on Wednesday, April 28th. The bank reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.05). Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México had a net margin of 13.51% and a return on equity of 11.46%. The firm had revenue of $1.04 billion during the quarter. As a group, equities analysts expect that Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México will post 0.68 EPS for the current year.

The company also recently disclosed a Variable dividend, which will be paid on Friday, June 25th. Stockholders of record on Thursday, June 17th will be paid a $0.102 dividend. The ex-dividend date of this dividend is Wednesday, June 16th.

Several brokerages have issued reports on BSMX. UBS Group cut shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México from a “buy” rating to a “neutral” rating in a research report on Monday, April 19th. Scotiabank cut shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México from an “outperform” rating to a “sector perform” rating in a research report on Thursday, April 22nd. JPMorgan Chase & Co. upgraded shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México from a “neutral” rating to an “overweight” rating and set a $6.50 price target for the company in a research report on Tuesday, May 18th. HSBC upgraded shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México from a “hold” rating to a “buy” rating and set a $8.10 price target for the company in a research report on Thursday. Finally, Zacks Investment Research cut shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México from a “buy” rating to a “hold” rating in a research report on Thursday, April 29th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $6.70.

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México 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 Corporate and Investment 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 México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX)

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