Todd Asset Management LLC Decreases Holdings in Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX)

Todd Asset Management LLC lowered its stake in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) by 0.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,737,236 shares of the bank’s stock after selling 6,851 shares during the period. Todd Asset Management LLC owned about 0.26% of Grupo Financiero Santander Mexico S.A. B. de C.V. worth $17,528,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Huntington National Bank boosted its stake in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. by 4.1% during the 2nd quarter. Huntington National Bank now owns 11,891 shares of the bank’s stock valued at $115,000 after buying an additional 463 shares during the period. Atria Investments LLC acquired a new stake in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. during the 2nd quarter valued at $167,000. NN Investment Partners Holdings N.V. acquired a new stake in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. during the 2nd quarter valued at $213,000. Paragon Capital Management Ltd boosted its stake in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. by 42.8% during the 2nd quarter. Paragon Capital Management Ltd now owns 33,429 shares of the bank’s stock valued at $322,000 after buying an additional 10,017 shares during the period. Finally, Eqis Capital Management Inc. boosted its stake in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. by 3.0% during the 2nd quarter. Eqis Capital Management Inc. now owns 39,668 shares of the bank’s stock valued at $382,000 after buying an additional 1,161 shares during the period. 30.12% of the stock is owned by institutional investors.

A number of equities research analysts have issued reports on BSMX shares. J P Morgan Chase & Co lowered shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from an “overweight” rating to a “hold” rating and decreased their target price for the company from $11.00 to $10.00 in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Monday, September 4th. BidaskClub lowered shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 31st. Credit Suisse Group lowered shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 19th. Finally, Citigroup Inc. raised shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a “neutral” rating to a “buy” rating in a research note on Thursday, July 20th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Grupo Financiero Santander Mexico S.A. B. de C.V. has an average rating of “Hold” and a consensus target price of $10.53.

Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) traded down $0.03 during mid-day trading on Tuesday, hitting $8.12. 1,020,900 shares of the company traded hands, compared to its average volume of 1,640,456. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.01 and a current ratio of 1.01. Grupo Financiero Santander Mexico S.A. B. de C.V. has a 1-year low of $6.73 and a 1-year high of $10.82. The firm has a market cap of $5,415.00, a price-to-earnings ratio of 11.98, a PEG ratio of 2.16 and a beta of 1.36.

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Grupo Financiero Santander Mexico S.A. B. de C.V. 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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