New York State Common Retirement Fund reduced its stake in Santander Consumer USA Holdings Inc (NYSE:SC) by 0.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 780,300 shares of the financial services provider’s stock after selling 4,000 shares during the period. New York State Common Retirement Fund owned 0.22% of Santander Consumer USA worth $11,993,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Sei Investments Co. boosted its stake in Santander Consumer USA by 6.1% in the second quarter. Sei Investments Co. now owns 9,622 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 555 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Santander Consumer USA by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 10,577 shares of the financial services provider’s stock valued at $135,000 after acquiring an additional 717 shares during the period. Prudential Financial Inc. boosted its stake in Santander Consumer USA by 2.2% in the second quarter. Prudential Financial Inc. now owns 89,747 shares of the financial services provider’s stock valued at $1,145,000 after acquiring an additional 1,900 shares during the period. Pacer Advisors Inc. boosted its stake in Santander Consumer USA by 11.5% in the second quarter. Pacer Advisors Inc. now owns 20,486 shares of the financial services provider’s stock valued at $261,000 after acquiring an additional 2,106 shares during the period. Finally, Rafferty Asset Management LLC boosted its stake in Santander Consumer USA by 14.5% in the second quarter. Rafferty Asset Management LLC now owns 21,898 shares of the financial services provider’s stock valued at $279,000 after acquiring an additional 2,780 shares during the period. Institutional investors own 91.44% of the company’s stock.

SC has been the subject of several analyst reports. Stephens reiterated an “equal weight” rating and set a $14.00 price objective on shares of Santander Consumer USA in a research report on Friday, August 25th. Jefferies Group reiterated a “buy” rating and set a $18.00 price objective on shares of Santander Consumer USA in a research report on Friday, August 25th. Piper Jaffray Companies upgraded Santander Consumer USA from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $14.00 to $17.00 in a research report on Wednesday, August 30th. ValuEngine upgraded Santander Consumer USA from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, Susquehanna Bancshares upgraded Santander Consumer USA from a “neutral” rating to a “positive” rating in a research report on Tuesday, September 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $17.69.

Shares of Santander Consumer USA Holdings Inc (NYSE:SC) opened at $18.11 on Tuesday. Santander Consumer USA Holdings Inc has a twelve month low of $11.12 and a twelve month high of $18.73. The company has a market capitalization of $6,520.00, a P/E ratio of 10.28 and a beta of 1.32.

Santander Consumer USA (NYSE:SC) last announced its earnings results on Friday, October 27th. The financial services provider reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.13. Santander Consumer USA had a return on equity of 11.33% and a net margin of 10.17%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the company earned $0.56 earnings per share. The firm’s quarterly revenue was down 4.9% compared to the same quarter last year. sell-side analysts anticipate that Santander Consumer USA Holdings Inc will post 1.96 earnings per share for the current fiscal year.

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About Santander Consumer USA

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

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