State of New Jersey Common Pension Fund D cut its holdings in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) by 60.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 230,542 shares of the bank’s stock after selling 351,386 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Grupo Financiero Santander Mexico S.A. B. de C.V. were worth $2,326,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Principal Financial Group Inc. bought a new stake in Grupo Financiero Santander Mexico S.A. B. de C.V. during the second quarter valued at about $23,484,000. Global X Management Co. LLC bought a new stake in Grupo Financiero Santander Mexico S.A. B. de C.V. during the second quarter valued at about $10,334,000. Northern Trust Corp raised its holdings in Grupo Financiero Santander Mexico S.A. B. de C.V. by 49.2% during the second quarter. Northern Trust Corp now owns 1,057,865 shares of the bank’s stock valued at $10,198,000 after acquiring an additional 348,948 shares during the period. JPMorgan Chase & Co. raised its holdings in Grupo Financiero Santander Mexico S.A. B. de C.V. by 247.0% during the second quarter. JPMorgan Chase & Co. now owns 738,423 shares of the bank’s stock valued at $7,117,000 after acquiring an additional 525,642 shares during the period. Finally, BNP Paribas Arbitrage SA raised its holdings in Grupo Financiero Santander Mexico S.A. B. de C.V. by 4.6% during the second quarter. BNP Paribas Arbitrage SA now owns 249,125 shares of the bank’s stock valued at $2,402,000 after acquiring an additional 10,873 shares during the period. 30.95% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on BSMX shares. J P Morgan Chase & Co cut Grupo Financiero Santander Mexico S.A. B. de C.V. from an “overweight” rating to a “hold” rating and reduced their target price for the stock from $11.00 to $10.00 in a report on Wednesday. BidaskClub cut Grupo Financiero Santander Mexico S.A. B. de C.V. from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. TheStreet raised Grupo Financiero Santander Mexico S.A. B. de C.V. from a “c” rating to a “b-” rating in a research note on Tuesday, August 1st. Zacks Investment Research raised 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 on the stock in a research note on Tuesday, August 22nd. Finally, ValuEngine cut Grupo Financiero Santander Mexico S.A. B. de C.V. from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $10.53.

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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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