Paragon Capital Management Ltd reduced its stake in shares of Santander Consumer USA Holdings Inc (NYSE:SC) by 2.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,671 shares of the financial services provider’s stock after selling 397 shares during the quarter. Paragon Capital Management Ltd’s holdings in Santander Consumer USA were worth $343,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Canyon Capital Advisors LLC grew its position in shares of Santander Consumer USA by 9.7% in the 3rd quarter. Canyon Capital Advisors LLC now owns 10,620,000 shares of the financial services provider’s stock valued at $270,916,000 after purchasing an additional 934,741 shares during the period. First Trust Advisors LP grew its position in shares of Santander Consumer USA by 28.6% in the 3rd quarter. First Trust Advisors LP now owns 1,190,925 shares of the financial services provider’s stock valued at $30,380,000 after purchasing an additional 265,209 shares during the period. Envestnet Asset Management Inc. acquired a new position in shares of Santander Consumer USA in the 3rd quarter valued at approximately $6,687,000. PGGM Investments acquired a new position in shares of Santander Consumer USA in the 4th quarter valued at approximately $4,483,000. Finally, Dupont Capital Management Corp grew its position in shares of Santander Consumer USA by 558.5% in the 3rd quarter. Dupont Capital Management Corp now owns 154,581 shares of the financial services provider’s stock valued at $3,943,000 after purchasing an additional 131,107 shares during the period.
NYSE:SC traded down $0.33 during trading hours on Friday, reaching $26.73. 768,846 shares of the stock were exchanged, compared to its average volume of 1,179,760. Santander Consumer USA Holdings Inc has a twelve month low of $20.02 and a twelve month high of $27.75. The firm has a 50 day moving average of $24.26 and a 200 day moving average of $24.93. The stock has a market cap of $9.17 billion, a PE ratio of 9.38, a PEG ratio of 4.72 and a beta of 0.94.
Santander Consumer USA (NYSE:SC) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Santander Consumer USA had a return on equity of 13.66% and a net margin of 12.66%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the firm posted $0.29 EPS. The business’s revenue was up 1.5% on a year-over-year basis. Analysts forecast that Santander Consumer USA Holdings Inc will post 2.8 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, February 10th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Friday, February 7th. Santander Consumer USA’s dividend payout ratio (DPR) is currently 30.77%.
Several equities analysts recently issued reports on SC shares. UBS Group lowered Santander Consumer USA from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $22.00 to $26.00 in a research report on Monday, November 4th. Zacks Investment Research upgraded Santander Consumer USA from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, Stephens boosted their price objective on Santander Consumer USA from $23.00 to $27.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. Santander Consumer USA presently has a consensus rating of “Hold” and a consensus price target of $25.50.
About Santander Consumer USA
Santander Consumer USA Holdings Inc, a specialized consumer finance company, provides vehicle finance and third-party servicing in the United States. Its products and services include retail installment contracts and vehicle leases, as well as dealer loans for inventory, construction, real estate, working capital, and revolving lines of credit.
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