APG Asset Management N.V. Takes $2.32 Million Position in Banco Santander Mexico Sa Instcn De (NYSE:BSMX)

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APG Asset Management N.V. purchased a new position in shares of Banco Santander Mexico Sa Instcn De (NYSE:BSMX) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 385,300 shares of the bank’s stock, valued at approximately $2,323,000.

Other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN raised its holdings in shares of Banco Santander Mexico Sa Instcn De by 2.8% during the 1st quarter. Wells Fargo & Company MN now owns 7,750,537 shares of the bank’s stock valued at $25,112,000 after buying an additional 214,443 shares during the period. Banco BTG Pactual S.A. purchased a new position in Banco Santander Mexico Sa Instcn De in the 1st quarter worth approximately $591,000. JustInvest LLC acquired a new stake in Banco Santander Mexico Sa Instcn De in the first quarter valued at approximately $42,000. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Banco Santander Mexico Sa Instcn De during the first quarter valued at approximately $213,000. Finally, Aigen Investment Management LP acquired a new position in shares of Banco Santander Mexico Sa Instcn De during the first quarter worth $160,000. 10.63% of the stock is owned by hedge funds and other institutional investors.

NYSE:BSMX opened at $3.63 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market capitalization of $4.93 billion, a price-to-earnings ratio of 4.43, a price-to-earnings-growth ratio of 6.19 and a beta of 1.48. Banco Santander Mexico Sa Instcn De has a one year low of $2.52 and a one year high of $8.01. The stock has a 50-day simple moving average of $3.41 and a 200 day simple moving average of $4.97.

Banco Santander Mexico Sa Instcn De (NYSE:BSMX) last released its earnings results on Wednesday, April 29th. The bank reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. Banco Santander Mexico Sa Instcn De had a return on equity of 15.62% and a net margin of 14.92%. The company had revenue of $1.12 billion for the quarter. On average, equities research analysts forecast that Banco Santander Mexico Sa Instcn De will post 0.48 EPS for the current fiscal year.

Several equities research analysts recently issued reports on BSMX shares. Citigroup started coverage on shares of Banco Santander Mexico Sa Instcn De in a research note on Thursday, May 28th. They set a “buy” rating on the stock. JPMorgan Chase & Co. downgraded Banco Santander Mexico Sa Instcn De from an “overweight” rating to a “neutral” rating and set a $7.00 target price for the company. in a research note on Thursday, April 2nd. ValuEngine cut Banco Santander Mexico Sa Instcn De from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 2nd. Zacks Investment Research upgraded Banco Santander Mexico Sa Instcn De from a “sell” rating to a “hold” rating in a report on Thursday, March 12th. Finally, Goldman Sachs Group assumed coverage on Banco Santander Mexico Sa Instcn De in a research note on Wednesday, June 17th. They set a “buy” rating for the company. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $7.25.

Banco Santander Mexico Sa Instcn De 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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