First Trust Advisors LP boosted its position in shares of Santander Consumer USA Holdings Inc (NYSE:SC) by 12.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,173,581 shares of the financial services provider’s stock after purchasing an additional 127,672 shares during the period. First Trust Advisors LP owned about 0.33% of Santander Consumer USA worth $21,852,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in SC. The Manufacturers Life Insurance Company lifted its holdings in Santander Consumer USA by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,577 shares of the financial services provider’s stock valued at $135,000 after purchasing an additional 717 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Santander Consumer USA during the 4th quarter valued at about $161,000. Crow Point Partners LLC lifted its holdings in Santander Consumer USA by 59.8% during the 4th quarter. Crow Point Partners LLC now owns 9,348 shares of the financial services provider’s stock valued at $174,000 after purchasing an additional 3,500 shares during the last quarter. OxFORD Asset Management LLP bought a new position in Santander Consumer USA during the 3rd quarter valued at about $190,000. Finally, Convergence Investment Partners LLC bought a new position in shares of Santander Consumer USA in the third quarter worth about $200,000. 94.88% of the stock is owned by hedge funds and other institutional investors.
Shares of Santander Consumer USA Holdings Inc (NYSE SC) opened at $16.75 on Friday. The firm has a market cap of $6,030.00, a P/E ratio of 11.24, a P/E/G ratio of 3.99 and a beta of 1.15. Santander Consumer USA Holdings Inc has a 12 month low of $11.12 and a 12 month high of $19.02.
Santander Consumer USA (NYSE:SC) last posted its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.03). The business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.58 billion. Santander Consumer USA had a return on equity of 11.78% and a net margin of 18.09%. During the same period last year, the firm earned $0.17 earnings per share. equities analysts anticipate that Santander Consumer USA Holdings Inc will post 2.07 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Monday, February 12th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.19%. This is an increase from Santander Consumer USA’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Friday, February 9th. Santander Consumer USA’s payout ratio is 13.42%.
A number of equities analysts have weighed in on SC shares. Zacks Investment Research downgraded shares of Santander Consumer USA from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Barclays set a $18.00 target price on shares of Santander Consumer USA and gave the stock a “hold” rating in a research note on Tuesday, December 12th. Goldman Sachs Group started coverage on shares of Santander Consumer USA in a research note on Monday, December 4th. They issued a “buy” rating and a $21.00 target price for the company. Oppenheimer started coverage on shares of Santander Consumer USA in a research note on Monday, January 8th. They issued a “hold” rating for the company. Finally, JPMorgan Chase & Co. raised shares of Santander Consumer USA from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $20.50 to $16.00 in a research note on Friday, January 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $18.90.
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Santander Consumer USA Company Profile
Santander Consumer USA Holdings Inc is the holding company for Santander Consumer USA Inc, and subsidiaries, a consumer finance company focused on vehicle finance and third party servicing. The Company operates through Consumer Finance segment. Its Consumer Finance business is focused on vehicle financial products and services, including retail installment contracts, vehicle leases, and dealer loans, as well as financial products and services related to motorcycles, recreational vehicles (RVs), and marine vehicles.
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