Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Santander Consumer USA Holdings Inc (NYSE:SC) by 30.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,091 shares of the financial services provider’s stock after buying an additional 2,609 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Santander Consumer USA were worth $283,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. NewSquare Capital LLC purchased a new stake in Santander Consumer USA during the 2nd quarter worth $43,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Santander Consumer USA during the second quarter worth about $53,000. Royal Bank of Canada lifted its stake in shares of Santander Consumer USA by 53.3% in the second quarter. Royal Bank of Canada now owns 3,701 shares of the financial services provider’s stock worth $89,000 after acquiring an additional 1,287 shares in the last quarter. Advisor Group Inc. lifted its stake in shares of Santander Consumer USA by 1,067.3% in the second quarter. Advisor Group Inc. now owns 3,887 shares of the financial services provider’s stock worth $93,000 after acquiring an additional 3,554 shares in the last quarter. Finally, Coastal Investment Advisors Inc. lifted its stake in shares of Santander Consumer USA by 957.5% in the third quarter. Coastal Investment Advisors Inc. now owns 4,230 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 3,830 shares in the last quarter.
A number of brokerages have weighed in on SC. Santander lowered Santander Consumer USA from an “equal weight” rating to an “underweight” rating in a research note on Monday, September 9th. Zacks Investment Research cut Santander Consumer USA from a “hold” rating to a “sell” rating in a research note on Saturday, October 5th. UBS Group downgraded shares of Santander Consumer USA from a “buy” rating to a “neutral” rating and raised their price target for the stock from $22.00 to $26.00 in a research report on Monday, November 4th. Stephens cut shares of Santander Consumer USA from an “equal” rating to a “weight” rating and cut their price target for the company from $25.00 to $23.00 in a report on Monday, September 9th. Finally, ValuEngine downgraded shares of Santander Consumer USA from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Santander Consumer USA currently has an average rating of “Hold” and an average target price of $25.00.
Shares of NYSE SC traded up $0.11 during trading on Friday, reaching $23.21. The stock had a trading volume of 671,296 shares, compared to its average volume of 1,162,428. The firm’s 50 day moving average price is $24.42 and its two-hundred day moving average price is $24.89. Santander Consumer USA Holdings Inc has a one year low of $16.10 and a one year high of $27.75. The stock has a market cap of $7.89 billion, a PE ratio of 9.14, a P/E/G ratio of 1.67 and a beta of 1.00.
Santander Consumer USA (NYSE:SC) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.67 earnings per share for the quarter, meeting the consensus estimate of $0.67. Santander Consumer USA had a net margin of 12.33% and a return on equity of 13.20%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the firm earned $0.64 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, sell-side analysts expect that Santander Consumer USA Holdings Inc will post 2.83 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Tuesday, November 12th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date was Friday, November 8th. Santander Consumer USA’s dividend payout ratio is presently 34.65%.
Santander Consumer USA Company Profile
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.
Recommended Story: What is Cost of Goods Sold (COGS)?
Receive News & Ratings for Santander Consumer USA Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Santander Consumer USA and related companies with MarketBeat.com’s FREE daily email newsletter.
