O Shaughnessy Asset Management LLC lessened its holdings in Banco Santander Mexico Sa Instcn De (NYSE:BSMX) by 1.7% during the first quarter, HoldingsChannel reports. The firm owned 397,460 shares of the bank’s stock after selling 6,719 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Banco Santander Mexico Sa Instcn De were worth $2,691,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in BSMX. Bank of America Corp DE lifted its position in shares of Banco Santander Mexico Sa Instcn De by 139.3% in the fourth quarter. Bank of America Corp DE now owns 4,468,205 shares of the bank’s stock worth $27,524,000 after purchasing an additional 2,601,345 shares in the last quarter. Prudential PLC bought a new stake in Banco Santander Mexico Sa Instcn De during the fourth quarter worth $7,521,000. Bank of New York Mellon Corp bought a new stake in Banco Santander Mexico Sa Instcn De during the third quarter worth $5,493,000. Macquarie Group Ltd. raised its position in Banco Santander Mexico Sa Instcn De by 6.6% during the fourth quarter. Macquarie Group Ltd. now owns 9,857,853 shares of the bank’s stock worth $60,724,000 after acquiring an additional 608,116 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Banco Santander Mexico Sa Instcn De by 12.2% during the first quarter. Dimensional Fund Advisors LP now owns 3,449,008 shares of the bank’s stock worth $23,346,000 after acquiring an additional 375,834 shares in the last quarter.

Several analysts have issued reports on BSMX shares. Morgan Stanley lowered shares of Banco Santander Mexico Sa Instcn De from an “overweight” rating to an “underweight” rating in a research report on Friday, March 8th. Zacks Investment Research raised shares of Banco Santander Mexico Sa Instcn De from a “strong sell” rating to a “hold” rating in a research report on Monday, March 11th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $7.40 price target (down from $8.40) on shares of Banco Santander Mexico Sa Instcn De in a research report on Thursday, February 7th. Finally, ValuEngine raised shares of Banco Santander Mexico Sa Instcn De from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $7.20.

NYSE BSMX opened at $7.32 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.86. Banco Santander Mexico Sa Instcn De has a 1 year low of $5.68 and a 1 year high of $8.81.

Banco Santander Mexico Sa Instcn De (NYSE:BSMX) last posted its quarterly earnings results on Tuesday, April 30th. The bank reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.01. Banco Santander Mexico Sa Instcn De had a net margin of 14.87% and a return on equity of 15.98%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. Equities analysts expect that Banco Santander Mexico Sa Instcn De will post 0.74 earnings per share for the current fiscal year.

The company also recently declared a special dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Friday, May 24th will be given a dividend of $0.187 per share. This is a positive change from Banco Santander Mexico Sa Instcn De’s previous special dividend of $0.18. The ex-dividend date is Thursday, May 23rd. Banco Santander Mexico Sa Instcn De’s dividend payout ratio is 6.67%.

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About Banco Santander Mexico Sa Instcn De

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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Want to see what other hedge funds are holding BSMX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Banco Santander Mexico Sa Instcn De (NYSE:BSMX).

Institutional Ownership by Quarter for Banco Santander Mexico Sa Instcn De (NYSE:BSMX)

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