SG Americas Securities LLC Makes New Investment in Banco Santander Mexico Sa Instcn De (NYSE:BSMX)

SG Americas Securities LLC acquired a new position in shares of Banco Santander Mexico Sa Instcn De (NYSE:BSMX) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 408,078 shares of the bank’s stock, valued at approximately $3,122,000.

Other large investors have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Banco Santander Mexico Sa Instcn De by 13.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 367,526 shares of the bank’s stock valued at $2,812,000 after purchasing an additional 44,900 shares during the period. Alpine Global Management LLC acquired a new stake in Banco Santander Mexico Sa Instcn De in the second quarter valued at about $3,268,000. SPX Equities Gestao de Recursos Ltda lifted its position in Banco Santander Mexico Sa Instcn De by 339.9% in the second quarter. SPX Equities Gestao de Recursos Ltda now owns 2,192,774 shares of the bank’s stock valued at $16,775,000 after purchasing an additional 1,694,274 shares during the period. Rehmann Capital Advisory Group lifted its position in Banco Santander Mexico Sa Instcn De by 23.4% in the first quarter. Rehmann Capital Advisory Group now owns 12,629 shares of the bank’s stock valued at $85,000 after purchasing an additional 2,393 shares during the period. Finally, Marshall Wace North America L.P. lifted its position in shares of Banco Santander Mexico Sa Instcn De by 2,736.0% during the 1st quarter. Marshall Wace North America L.P. now owns 385,072 shares of the bank’s stock valued at $2,607,000 after acquiring an additional 371,494 shares during the period. Institutional investors own 10.54% of the company’s stock.

BSMX stock opened at $6.52 on Wednesday. The firm’s 50 day moving average is $7.39. Banco Santander Mexico Sa Instcn De has a 12-month low of $5.68 and a 12-month high of $8.74. The firm has a market cap of $9.18 billion, a P/E ratio of 8.69, a price-to-earnings-growth ratio of 1.03 and a beta of 1.38.

BSMX has been the subject of a number of research reports. ValuEngine downgraded shares of Banco Santander Mexico Sa Instcn De from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Zacks Investment Research upgraded shares of Banco Santander Mexico Sa Instcn De from a “hold” rating to a “strong-buy” rating and set a $7.75 price target for the company in a research report on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $7.58.

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.

Further Reading: 52-Week High/Low

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

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