Grupo Financero Sntdr Mxco SAB de CV ADR (BSMX): Are Hedge Funds Right About This Stock?

Is Grupo Financero Sntdr Mxco SAB de CV ADR (NYSE:BSMX) the right pick for your portfolio? Money managers are turning bullish. The number of long hedge fund bets inched up by 12 in recent months.

To the average investor, there are tons of methods investors can use to monitor stocks. A couple of the best are hedge fund and insider trading activity. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the elite money managers can trounce the broader indices by a superb amount (see just how much).

BLUE RIDGE CAPITAL

Equally as integral, bullish insider trading sentiment is another way to break down the stock market universe. Just as you’d expect, there are a variety of stimuli for an upper level exec to downsize shares of his or her company, but only one, very obvious reason why they would behave bullishly. Plenty of academic studies have demonstrated the useful potential of this tactic if you understand what to do (learn more here).

With all of this in mind, let’s take a look at the recent action surrounding Grupo Financero Sntdr Mxco SAB de CV ADR (NYSE:BSMX).

What have hedge funds been doing with Grupo Financero Sntdr Mxco SAB de CV ADR (NYSE:BSMX)?

Heading into 2013, a total of 14 of the hedge funds we track were long in this stock, a change of 600% from the previous quarter. With hedgies’ capital changing hands, there exists an “upper tier” of key hedge fund managers who were increasing their holdings considerably.

Of the funds we track, Blue Ridge Capital, managed by John Griffin, holds the largest position in Grupo Financero Sntdr Mxco SAB de CV ADR (NYSE:BSMX). Blue Ridge Capital has a $221.3 million position in the stock, comprising 3.1% of its 13F portfolio. On Blue Ridge Capital’s heels is Rob Citrone of Discovery Capital Management, with a $91.2 million position; 1.3% of its 13F portfolio is allocated to the stock. Some other peers that hold long positions include David Stemerman’s Conatus Capital Management, D. E. Shaw’s D E Shaw and Ken Griffin’s Citadel Investment Group.

As industrywide interest jumped, key money managers have been driving this bullishness. Blue Ridge Capital, managed by John Griffin, established the most outsized position in Grupo Financero Sntdr Mxco SAB de CV ADR (NYSE:BSMX). Blue Ridge Capital had 221.3 million invested in the company at the end of the quarter. Rob Citrone’s Discovery Capital Management also made a $91.2 million investment in the stock during the quarter. The other funds with brand new BSMX positions are David Stemerman’s Conatus Capital Management, D. E. Shaw’s D E Shaw, and Ken Griffin’s Citadel Investment Group.

What do corporate executives and insiders think about Grupo Financero Sntdr Mxco SAB de CV ADR (NYSE:BSMX)?

Insider buying is at its handiest when the company in focus has experienced transactions within the past six months. Over the last six-month time frame, Grupo Financero Sntdr Mxco SAB de CV ADR (NYSE:BSMX) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).

Let’s also examine hedge fund and insider activity in other stocks similar to Grupo Financero Sntdr Mxco SAB de CV ADR (NYSE:BSMX). These stocks are Bank of Ireland (ADR) (NYSE:IRE), HDFC Bank Limited (ADR) (NYSE:HDB), Popular Inc (NASDAQ:BPOP), and CorpBanca (ADR) (NYSE:BCA). This group of stocks are in the foreign regional banks industry and their market caps match BSMX’s market cap.

Company Name # of Hedge Funds # of Insiders Buying # of Insiders Selling
Bank of Ireland (ADR) (NYSE:IRE) 2 0 0
HDFC Bank Limited (ADR) (NYSE:HDB) 17 0 0
Popular Inc (NASDAQ:BPOP) 16 0 0
CorpBanca (ADR) (NYSE:BCA) 1 0 0

With the results shown by Insider Monkey’s time-tested strategies, retail investors must always watch hedge fund and insider trading activity, and Grupo Financero Sntdr Mxco SAB de CV ADR (NYSE:BSMX) shareholders fit into this picture quite nicely.

Click here to learn why you should track hedge funds

Dividend Stock Alert - Billionaire Robbins' Top Dividend Idea With 70% Upside Potential

Get Paid 3.5% Per Year While Waiting For The Stock Appreciate 70%

Larry Robbins' Glenview Capital Opportunity Fund returned 101.7% in 2013 and Robbins personally made $750 million. The same fund returned 25.3% in 2014. In this FREE REPORT we will share Robbins' top dividend idea that yields 3.5% and has been increasing its dividends for 39 consecutive years. Robbins thinks the stock has the potential to appreciate 70%.

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!