Schroder Investment Management Group Increases Position in Santander Consumer USA Holdings Inc (SC)
Schroder Investment Management Group boosted its holdings in shares of Santander Consumer USA Holdings Inc (NYSE:SC) by 8,707.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 294,535 shares of the financial services provider’s stock after acquiring an additional 291,191 shares during the period. Schroder Investment Management Group owned 0.08% of Santander Consumer USA worth $4,497,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Sei Investments Co. boosted its holdings in Santander Consumer USA by 6.1% in the 2nd quarter. Sei Investments Co. now owns 9,622 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 555 shares during the last quarter. TD Asset Management Inc. acquired a new position in Santander Consumer USA in the 2nd quarter valued at about $133,000. The Manufacturers Life Insurance Company boosted its holdings in Santander Consumer USA by 7.3% in 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. Federated Investors Inc. PA boosted its holdings in Santander Consumer USA by 134.9% in the 2nd quarter. Federated Investors Inc. PA now owns 11,605 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 6,665 shares during the last quarter. Finally, Numeric Investors LLC acquired a new position in Santander Consumer USA in the 2nd quarter valued at about $189,000. 91.44% of the stock is owned by institutional investors.
SC has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Santander Consumer USA from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Citigroup boosted their target price on shares of Santander Consumer USA from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Stephens reiterated an “equal weight” rating and issued a $14.00 target price on shares of Santander Consumer USA in a report on Friday, August 25th. Piper Jaffray Companies upgraded shares of Santander Consumer USA from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $14.00 to $17.00 in a report on Wednesday, August 30th. Finally, Jefferies Group reiterated a “buy” rating and issued a $18.00 target price on shares of Santander Consumer USA in a report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $17.50.
Shares of Santander Consumer USA Holdings Inc (NYSE:SC) traded up $0.37 during mid-day trading on Tuesday, hitting $18.19. 1,381,500 shares of the stock traded hands, compared to its average volume of 1,988,869. Santander Consumer USA Holdings Inc has a 52-week low of $11.12 and a 52-week high of $18.73. The firm has a market cap of $6,414.25, a price-to-earnings ratio of 10.18 and a beta of 1.33.
Santander Consumer USA (NYSE:SC) last issued its quarterly earnings data on Friday, October 27th. The financial services provider reported $0.48 EPS for the quarter, topping the consensus estimate of $0.35 by $0.13. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.11 billion. Santander Consumer USA had a net margin of 10.17% and a return on equity of 11.33%. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.56 EPS. analysts forecast that Santander Consumer USA Holdings Inc will post 1.96 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Tuesday, November 7th were issued a dividend of $0.03 per share. The ex-dividend date was Monday, November 6th. This represents a $0.12 dividend on an annualized basis and a yield of 0.66%. Santander Consumer USA’s dividend payout ratio (DPR) is presently 6.45%.
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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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