TCW Group Inc. acquired a new position in shares of Santander Consumer USA Holdings Inc (NYSE:SC) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 43,209 shares of the financial services provider’s stock, valued at approximately $804,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its position in Santander Consumer USA by 7.3% during 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 acquiring an additional 717 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in Santander Consumer USA during the 4th quarter valued at $161,000. Crow Point Partners LLC boosted its position in Santander Consumer USA by 59.8% during the 4th quarter. Crow Point Partners LLC now owns 9,348 shares of the financial services provider’s stock valued at $174,000 after acquiring an additional 3,500 shares in the last quarter. OxFORD Asset Management LLP bought a new stake in Santander Consumer USA during the 3rd quarter valued at $190,000. Finally, Convergence Investment Partners LLC bought a new stake in Santander Consumer USA during the 3rd quarter valued at $200,000. Institutional investors own 94.88% of the company’s stock.
Several analysts have issued reports on SC shares. Oppenheimer started coverage on Santander Consumer USA in a research report on Monday, January 8th. They set a “hold” rating on the stock. UBS Group increased their target price on Santander Consumer USA from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, October 30th. Zacks Investment Research raised Santander Consumer USA from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Thursday, November 2nd. JPMorgan Chase & Co. raised Santander Consumer USA from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $20.50 to $16.00 in a research report on Friday, January 12th. Finally, Barclays set a $18.00 target price on Santander Consumer USA and gave the company a “hold” rating in a research report on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $18.90.
Santander Consumer USA (NYSE:SC) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.03). The business had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.58 billion. Santander Consumer USA had a return on equity of 11.78% and a net margin of 18.09%. During the same period in the previous year, the business earned $0.17 EPS. research analysts anticipate that Santander Consumer USA Holdings Inc will post 2.07 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Monday, February 12th were paid a $0.05 dividend. This is a positive change from Santander Consumer USA’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.20 dividend on an annualized basis and a yield of 1.19%. Santander Consumer USA’s dividend payout ratio (DPR) is 6.06%.
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Santander Consumer USA Company Profile
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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