Sterling Capital Management LLC raised its stake in Santander Consumer USA Holdings Inc (NYSE:SC) by 264.1% in the 2nd quarter, Holdings Channel reports. The firm owned 187,094 shares of the financial services provider’s stock after acquiring an additional 135,714 shares during the period. Sterling Capital Management LLC’s holdings in Santander Consumer USA were worth $3,572,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Santander Consumer USA during the 2nd quarter valued at about $124,000. Meeder Asset Management Inc. grew its position in shares of Santander Consumer USA by 253.8% during the 2nd quarter. Meeder Asset Management Inc. now owns 8,948 shares of the financial services provider’s stock valued at $171,000 after buying an additional 6,419 shares during the last quarter. Advisors Preferred LLC grew its position in shares of Santander Consumer USA by 466.5% during the 2nd quarter. Advisors Preferred LLC now owns 9,370 shares of the financial services provider’s stock valued at $179,000 after buying an additional 7,716 shares during the last quarter. Cerebellum GP LLC bought a new stake in shares of Santander Consumer USA during the 2nd quarter valued at about $186,000. Finally, Engineers Gate Manager LP bought a new stake in shares of Santander Consumer USA during the 2nd quarter valued at about $204,000.

SC has been the subject of a number of recent research reports. ValuEngine downgraded shares of Santander Consumer USA from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 31st. Stephens set a $22.00 price objective on shares of Santander Consumer USA and gave the company a “hold” rating in a research report on Saturday, June 2nd. Zacks Investment Research raised shares of Santander Consumer USA from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective for the company in a research report on Tuesday, June 19th. Janney Montgomery Scott raised shares of Santander Consumer USA from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Friday, June 29th. Finally, Citigroup boosted their price objective on shares of Santander Consumer USA from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Friday, June 29th. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Santander Consumer USA currently has a consensus rating of “Buy” and an average target price of $22.25.

In other Santander Consumer USA news, insider Lisa Vanroekel sold 8,819 shares of the business’s stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $19.61, for a total transaction of $172,940.59. Following the completion of the transaction, the insider now directly owns 25,640 shares of the company’s stock, valued at approximately $502,800.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.09% of the company’s stock.

Santander Consumer USA stock opened at $21.37 on Friday. The stock has a market cap of $7.76 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 1.04 and a beta of 1.11. Santander Consumer USA Holdings Inc has a 52-week low of $13.99 and a 52-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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.18. The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates 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 period in the previous year, the business posted $0.74 EPS. equities research analysts predict that Santander Consumer USA Holdings Inc will post 2.58 earnings per share for the current fiscal year.

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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