Pictet Asset Management Ltd. decreased its position in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) by 5.0% during the second quarter, Holdings Channel reports. The firm owned 3,254,762 shares of the bank’s stock after selling 170,848 shares during the period. Pictet Asset Management Ltd.’s holdings in Grupo Financiero Santander Mexico S.A. B. de C.V. were worth $29,749,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Huntington National Bank increased its position in shares of 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 worth $115,000 after buying an additional 463 shares during the last quarter. Eqis Capital Management Inc. increased its position in shares of 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 worth $382,000 after buying an additional 1,161 shares during the last quarter. Aperio Group LLC increased its position in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. by 10.5% in the second quarter. Aperio Group LLC now owns 58,074 shares of the bank’s stock worth $560,000 after buying an additional 5,518 shares during the last quarter. Sei Investments Co. increased its position in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. by 16.6% in the second quarter. Sei Investments Co. now owns 49,192 shares of the bank’s stock worth $474,000 after buying an additional 6,992 shares during the last quarter. Finally, Paragon Capital Management Ltd increased its position in shares of 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 worth $322,000 after buying an additional 10,017 shares during the last quarter. Institutional investors and hedge funds own 32.59% of the company’s stock.

Shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) opened at 10.39 on Friday. The company has a 50 day moving average of $10.07 and a 200-day moving average of $8.90. The company has a market cap of $14.08 billion, a PE ratio of 13.76 and a beta of 1.39. Grupo Financiero Santander Mexico S.A. B. de C.V. has a 12-month low of $6.73 and a 12-month high of $10.70.

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) last posted its quarterly earnings results on Friday, July 28th. The bank reported $0.18 EPS for the quarter, meeting the Zacks’ consensus estimate 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 firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $963.79 million. Equities research analysts anticipate that Grupo Financiero Santander Mexico S.A. B. de C.V. will post $0.72 earnings per share for the current year.

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A number of brokerages have recently weighed in on BSMX. TheStreet upgraded 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. BidaskClub downgraded 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. ValuEngine upgraded Grupo Financiero Santander Mexico S.A. B. de C.V. from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Citigroup Inc. upgraded 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. Finally, Zacks Investment Research upgraded Grupo Financiero Santander Mexico S.A. B. de C.V. from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $8.87.

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

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Institutional Ownership by Quarter for Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX)

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