Visionary Asset Management Inc. Purchases Shares of 11,266 Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX)

Visionary Asset Management Inc. purchased a new position in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 11,266 shares of the bank’s stock, valued at approximately $114,000.

A number of other hedge funds have also recently modified their holdings of the business. Jane Street Group LLC bought a new stake in shares of Grupo Financiero Santander Mexico S.A. B. de C.V. in the 3rd quarter valued at about $454,000. Nomura Asset Management Co. Ltd. purchased a new position in Grupo Financiero Santander Mexico S.A. B. de C.V. during the 3rd quarter valued at about $229,000. OxFORD Asset Management LLP increased its holdings in Grupo Financiero Santander Mexico S.A. B. de C.V. by 523.1% during the 3rd quarter. OxFORD Asset Management LLP now owns 280,371 shares of the bank’s stock valued at $2,829,000 after purchasing an additional 235,372 shares during the period. Dorsey & Whitney Trust CO LLC purchased a new position in Grupo Financiero Santander Mexico S.A. B. de C.V. during the 3rd quarter valued at about $119,000. Finally, Axiom International Investors LLC DE purchased a new position in Grupo Financiero Santander Mexico S.A. B. de C.V. during the 3rd quarter valued at about $2,798,000. 29.45% of the stock is owned by hedge funds and other institutional investors.

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE BSMX) opened at $7.30 on Friday. Grupo Financiero Santander Mexico S.A. B. de C.V. has a twelve month low of $6.89 and a twelve month high of $10.82. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $4,850.24, a P/E ratio of 10.74, a price-to-earnings-growth ratio of 1.49 and a beta of 1.35.

The company also recently announced a None dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Tuesday, December 26th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, December 22nd. This represents a dividend yield of 4.94%. Grupo Financiero Santander Mexico S.A. B. de C.V.’s dividend payout ratio (DPR) is 80.88%.

A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded Grupo Financiero Santander Mexico S.A. B. de C.V. from a “buy” rating to a “hold” rating in a report on Thursday, September 14th. Goldman Sachs Group upgraded Grupo Financiero Santander Mexico S.A. B. de C.V. from a “sell” rating to a “neutral” rating and set a $10.60 price target on the stock in a report on Monday, September 11th. BidaskClub downgraded Grupo Financiero Santander Mexico S.A. B. de C.V. from a “buy” rating to a “hold” rating in a report on Monday, September 18th. ValuEngine upgraded Grupo Financiero Santander Mexico S.A. B. de C.V. from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Credit Suisse Group downgraded Grupo Financiero Santander Mexico S.A. B. de C.V. from an “outperform” rating to a “neutral” rating in a report on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $10.53.

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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.

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

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