Comerica Bank lessened its stake in Banco Santander Mexico Sa Instcn De (NYSE:BSMX) by 6.9% during the first quarter, HoldingsChannel reports. The firm owned 36,049 shares of the bank’s stock after selling 2,667 shares during the period. Comerica Bank’s holdings in Banco Santander Mexico Sa Instcn De were worth $273,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. NumerixS Investment Technologies Inc purchased a new position in Banco Santander Mexico Sa Instcn De during the fourth quarter valued at approximately $38,000. Advisors Asset Management Inc. lifted its stake in shares of Banco Santander Mexico Sa Instcn De by 56.1% during the fourth quarter. Advisors Asset Management Inc. now owns 6,559 shares of the bank’s stock worth $40,000 after buying an additional 2,358 shares during the period. One Wealth Advisors LLC lifted its stake in shares of Banco Santander Mexico Sa Instcn De by 393.4% during the fourth quarter. One Wealth Advisors LLC now owns 15,430 shares of the bank’s stock worth $95,000 after buying an additional 12,303 shares during the period. LPL Financial LLC acquired a new position in Banco Santander Mexico Sa Instcn De during the fourth quarter valued at $100,000. Finally, We Are One Seven LLC lifted its position in Banco Santander Mexico Sa Instcn De by 81.2% during the first quarter. We Are One Seven LLC now owns 31,656 shares of the bank’s stock valued at $214,000 after purchasing an additional 14,187 shares during the period.

NYSE BSMX opened at $7.58 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $10.09 billion, a P/E ratio of 10.11, a P/E/G ratio of 1.17 and a beta of 1.41. Banco Santander Mexico Sa Instcn De has a 12 month low of $5.68 and a 12 month high of $8.81.

Banco Santander Mexico Sa Instcn De (NYSE:BSMX) last issued its quarterly earnings data on Tuesday, April 30th. The bank reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.01. Banco Santander Mexico Sa Instcn De had a net margin of 14.87% and a return on equity of 15.98%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. On average, research analysts forecast that Banco Santander Mexico Sa Instcn De will post 0.74 EPS for the current fiscal year.

The business also recently disclosed a special dividend, which was paid on Tuesday, June 4th. Investors of record on Friday, May 24th were paid a $0.187 dividend. This is a boost from Banco Santander Mexico Sa Instcn De’s previous special dividend of $0.18. The ex-dividend date of this dividend was Thursday, May 23rd. Banco Santander Mexico Sa Instcn De’s dividend payout ratio (DPR) is 6.67%.

A number of research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Banco Santander Mexico Sa Instcn De from a “hold” rating to a “sell” rating in a research report on Tuesday. ValuEngine raised shares of Banco Santander Mexico Sa Instcn De from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Finally, Morgan Stanley lowered shares of Banco Santander Mexico Sa Instcn De from an “overweight” rating to an “underweight” rating in a report on Friday, March 8th. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Banco Santander Mexico Sa Instcn De presently has a consensus rating of “Hold” and a consensus price target of $7.20.

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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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