Dimensional Fund Advisors LP Has $20.54 Million Stake in Banco Santander Mexico Sa Instcn De (BSMX)

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Dimensional Fund Advisors LP grew its stake in shares of Banco Santander Mexico Sa Instcn De (NYSE:BSMX) by 7.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,070,862 shares of the bank’s stock after purchasing an additional 205,942 shares during the period. Dimensional Fund Advisors LP owned about 0.46% of Banco Santander Mexico Sa Instcn De worth $20,536,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BSMX. Standard Life Aberdeen plc purchased a new stake in Banco Santander Mexico Sa Instcn De in the 2nd quarter worth about $11,549,000. Northern Trust Corp lifted its stake in Banco Santander Mexico Sa Instcn De by 241.1% in the 1st quarter. Northern Trust Corp now owns 1,503,738 shares of the bank’s stock worth $10,783,000 after acquiring an additional 1,062,936 shares in the last quarter. Sei Investments Co. lifted its stake in Banco Santander Mexico Sa Instcn De by 202.7% in the 1st quarter. Sei Investments Co. now owns 700,307 shares of the bank’s stock worth $5,021,000 after acquiring an additional 468,979 shares in the last quarter. Aperio Group LLC lifted its stake in Banco Santander Mexico Sa Instcn De by 459.8% in the 2nd quarter. Aperio Group LLC now owns 290,448 shares of the bank’s stock worth $1,943,000 after acquiring an additional 238,561 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in Banco Santander Mexico Sa Instcn De by 231.4% in the 1st quarter. Jane Street Group LLC now owns 285,553 shares of the bank’s stock worth $2,047,000 after acquiring an additional 199,385 shares in the last quarter. 27.94% of the stock is owned by hedge funds and other institutional investors.

Shares of BSMX stock opened at $7.54 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.94. Banco Santander Mexico Sa Instcn De has a fifty-two week low of $6.28 and a fifty-two week high of $9.55. The stock has a market capitalization of $5.16 billion, a price-to-earnings ratio of 10.93, a PEG ratio of 1.98 and a beta of 1.47.

Banco Santander Mexico Sa Instcn De (NYSE:BSMX) last issued its earnings results on Thursday, July 26th. The bank reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.02. Banco Santander Mexico Sa Instcn De had a return on equity of 15.35% and a net margin of 16.49%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.06 billion. Equities research analysts expect that Banco Santander Mexico Sa Instcn De will post 0.72 earnings per share for the current fiscal year.

BSMX has been the subject of several research analyst reports. Zacks Investment Research downgraded Banco Santander Mexico Sa Instcn De from a “hold” rating to a “sell” rating in a research note on Wednesday, June 27th. Credit Suisse Group raised Banco Santander Mexico Sa Instcn De from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 10th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Banco Santander Mexico Sa Instcn De has an average rating of “Hold” and an average target price of $8.75.

Banco Santander Mexico Sa Instcn De Company Profile

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

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