Flossbach Von Storch AG Has $1.93 Million Position in Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX)

Flossbach Von Storch AG boosted its stake in Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) by 33.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 200,000 shares of the bank’s stock after buying an additional 50,000 shares during the period. Flossbach Von Storch AG’s holdings in Grupo Financiero Santander Mexico S.A. B. de C.V. were worth $1,928,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BSMX. Paragon Capital Management Ltd boosted its position in Grupo Financiero Santander Mexico S.A. B. de C.V. by 42.8% in the second 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 last quarter. Eqis Capital Management Inc. boosted its position in Grupo Financiero Santander Mexico S.A. B. de C.V. by 3.0% in the second 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 last quarter. Virtu Financial LLC purchased a new position in Grupo Financiero Santander Mexico S.A. B. de C.V. during the second quarter valued at $364,000. Huntington National Bank boosted its position in Grupo Financiero Santander Mexico S.A. B. de C.V. by 4.1% in the second 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 last quarter. Finally, Atria Investments LLC purchased a new position in Grupo Financiero Santander Mexico S.A. B. de C.V. during the second quarter valued at $167,000. Hedge funds and other institutional investors own 32.76% of the company’s stock.

Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) opened at 10.53 on Friday. The stock’s 50 day moving average is $10.23 and its 200 day moving average is $9.05. Grupo Financiero Santander Mexico S.A. B. de C.V. has a 12-month low of $6.73 and a 12-month high of $10.76. The stock has a market capitalization of $14.27 billion, a PE ratio of 13.95 and a beta of 1.39.

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) last issued its quarterly earnings data on Friday, July 28th. The bank reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. Grupo Financiero Santander Mexico S.A. B. de C.V. had a net margin of 15.97% and a return on equity of 15.11%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $963.79 million. Analysts forecast that Grupo Financiero Santander Mexico S.A. B. de C.V. will post $0.74 EPS for the current year.

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Several equities analysts have weighed in on BSMX shares. Zacks Investment Research upgraded shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research report on Friday, May 5th. ValuEngine cut shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. J P Morgan Chase & Co upgraded shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $9.50 to $7.50 in a report on Thursday, May 4th. Citigroup Inc. upgraded shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a “neutral” rating to a “buy” rating in a report on Thursday, July 20th. Finally, BidaskClub upgraded shares of Grupo Financiero Santander Mexico S.A. B. de C.V. from a “buy” rating to a “strong-buy” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $8.87.

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

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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