Franklin Resources Inc. Sells 25,124 Shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX)

Franklin Resources Inc. decreased its stake in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX – Get Rating) by 0.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 16,400,124 shares of the bank’s stock after selling 25,124 shares during the quarter. Franklin Resources Inc.’s holdings in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México were worth $98,893,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of BSMX. JPMorgan Chase & Co. boosted its holdings in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México by 10.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 882,198 shares of the bank’s stock valued at $4,451,000 after purchasing an additional 85,898 shares during the period. Philadelphia Financial Management of San Francisco LLC boosted its holdings in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México by 58.6% in the 3rd quarter. Philadelphia Financial Management of San Francisco LLC now owns 790,645 shares of the bank’s stock valued at $4,032,000 after purchasing an additional 292,158 shares during the period. AlphaStar Capital Management LLC bought a new stake in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México in the 4th quarter valued at about $119,000. Finally, Virtu Financial LLC bought a new stake in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México in the 1st quarter valued at about $78,000. Institutional investors own 10.91% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México in a research report on Wednesday. They issued a “strong-buy” rating for the company.

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México Price Performance

Shares of NYSE:BSMX opened at $5.46 on Friday. The firm has a 50 day moving average of $6.14 and a 200-day moving average of $6.20. The stock has a market capitalization of $7.41 billion, a PE ratio of 5.06, a PEG ratio of 0.36 and a beta of 1.08. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.92. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México has a 12 month low of $4.52 and a 12 month high of $7.11.

About Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México

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Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santander Mexico engages in the provision of banking and financial solutions. It operates through the following segments: Retail Banking, Global Corporate and Investment Banking, and Corporate Activities. The Retail Banking segment provides a range of services to individuals, private banking, small and medium enterprises, middle-market corporations, and government institutions.