BlueMountain Capital Management LLC cut its holdings in shares of Santander Consumer USA Holdings Inc (NYSE:SC) by 7.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 366,802 shares of the financial services provider’s stock after selling 28,689 shares during the quarter. BlueMountain Capital Management LLC owned 0.10% of Santander Consumer USA worth $7,002,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aviva PLC increased its stake in Santander Consumer USA by 7.6% in the second quarter. Aviva PLC now owns 68,495 shares of the financial services provider’s stock valued at $1,308,000 after acquiring an additional 4,832 shares during the last quarter. Barings LLC increased its stake in Santander Consumer USA by 157.0% in the second quarter. Barings LLC now owns 80,700 shares of the financial services provider’s stock valued at $1,541,000 after acquiring an additional 49,300 shares during the last quarter. Trexquant Investment LP bought a new position in Santander Consumer USA in the second quarter valued at approximately $1,105,000. Acadian Asset Management LLC bought a new position in Santander Consumer USA in the second quarter valued at approximately $469,000. Finally, Bank of Hawaii bought a new position in Santander Consumer USA in the second quarter valued at approximately $447,000.

A number of brokerages recently issued reports on SC. Oppenheimer reissued a “hold” rating on shares of Santander Consumer USA in a research note on Wednesday, July 25th. Stephens set a $24.00 target price on shares of Santander Consumer USA and gave the stock a “hold” rating in a research note on Wednesday, July 25th. Susquehanna Bancshares set a $26.00 target price on shares of Santander Consumer USA and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Morgan Stanley boosted their target price on shares of Santander Consumer USA from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 26th. Finally, UBS Group boosted their target price on shares of Santander Consumer USA from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, July 26th. Seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $22.25.

NYSE SC opened at $21.72 on Wednesday. The firm has a market cap of $7.80 billion, a price-to-earnings ratio of 12.48, a P/E/G ratio of 1.04 and a beta of 1.10. Santander Consumer USA Holdings Inc has a fifty-two week low of $13.99 and a fifty-two week high of $21.81.

Santander Consumer USA (NYSE:SC) last posted its earnings results on Wednesday, July 25th. The financial services provider reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.18. The firm had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Santander Consumer USA had a net margin of 20.57% and a return on equity of 13.00%. During the same quarter in the previous year, the firm posted $0.74 earnings per share. sell-side analysts expect that Santander Consumer USA Holdings Inc will post 2.58 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 8th. Stockholders of record on Monday, August 6th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend was Friday, August 3rd. This is a positive change from Santander Consumer USA’s previous quarterly dividend of $0.05. Santander Consumer USA’s payout ratio is 45.98%.

In other news, insider Lisa Vanroekel sold 8,819 shares of Santander Consumer USA stock in a transaction on Monday, July 30th. The shares were sold at an average price of $19.61, for a total transaction of $172,940.59. Following the transaction, the insider now owns 25,640 shares in the company, valued at $502,800.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.09% of the stock is currently owned by insiders.

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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Institutional Ownership by Quarter for Santander Consumer USA (NYSE:SC)

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