Marshall Wace North America L.P. bought a new stake in shares of Santander Consumer USA Holdings Inc. (NYSE:SC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 706,007 shares of the financial services provider’s stock, valued at approximately $9,178,000. Marshall Wace North America L.P. owned 0.20% of Santander Consumer USA Holdings at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Credit Suisse AG raised its position in shares of Santander Consumer USA Holdings by 150.7% in the first quarter. Credit Suisse AG now owns 8,670,592 shares of the financial services provider’s stock valued at $115,492,000 after buying an additional 5,212,423 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Santander Consumer USA Holdings by 34.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,454,199 shares of the financial services provider’s stock valued at $46,010,000 after buying an additional 876,530 shares during the period. Point72 Asset Management L.P. raised its position in shares of Santander Consumer USA Holdings by 57.4% in the first quarter. Point72 Asset Management L.P. now owns 2,370,000 shares of the financial services provider’s stock valued at $31,568,000 after buying an additional 864,608 shares during the period. ALGEBRIS UK Ltd purchased a new position in shares of Santander Consumer USA Holdings during the second quarter valued at about $8,639,000. Finally, Vanguard Group Inc. raised its position in shares of Santander Consumer USA Holdings by 4.5% in the first quarter. Vanguard Group Inc. now owns 8,628,665 shares of the financial services provider’s stock valued at $114,933,000 after buying an additional 370,437 shares during the period. Institutional investors own 93.45% of the company’s stock.
Santander Consumer USA Holdings Inc. (NYSE SC) opened at 13.97 on Friday. The company has a 50-day moving average of $13.16 and a 200-day moving average of $12.95. Santander Consumer USA Holdings Inc. has a 52 week low of $10.57 and a 52 week high of $15.47. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of 7.39 and a beta of 1.29.
Santander Consumer USA Holdings (NYSE:SC) last issued its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.08. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.07 billion. Santander Consumer USA Holdings had a net margin of 10.40% and a return on equity of 12.47%. Santander Consumer USA Holdings’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period last year, the business earned $0.79 EPS. On average, equities analysts forecast that Santander Consumer USA Holdings Inc. will post $1.74 earnings per share for the current fiscal year.
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Several brokerages have recently issued reports on SC. Jefferies Group LLC reissued a “buy” rating and issued a $18.00 price target on shares of Santander Consumer USA Holdings in a report on Friday, June 30th. JMP Securities raised shares of Santander Consumer USA Holdings from a “market perform” rating to an “outperform” rating and set a $16.00 price target for the company in a report on Tuesday, July 18th. UBS AG reissued a “buy” rating and issued a $15.00 price target (down previously from $15.50) on shares of Santander Consumer USA Holdings in a report on Wednesday, August 2nd. BMO Capital Markets decreased their price target on shares of Santander Consumer USA Holdings from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Monday, July 31st. Finally, BidaskClub raised shares of Santander Consumer USA Holdings from a “strong sell” rating to a “sell” rating in a report on Thursday, June 29th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $14.63.
In other Santander Consumer USA Holdings news, CFO Ismail Dawood purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The stock was bought at an average cost of $11.25 per share, for a total transaction of $56,250.00. Following the purchase, the chief financial officer now directly owns 122,609 shares in the company, valued at $1,379,351.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.36% of the stock is owned by company insiders.
About Santander Consumer USA Holdings
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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