Waratah Capital Advisors Ltd. Purchases Shares of 14,991 Santander Consumer USA Holdings Inc (SC)

Waratah Capital Advisors Ltd. purchased a new stake in Santander Consumer USA Holdings Inc (NYSE:SC) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 14,991 shares of the financial services provider’s stock, valued at approximately $279,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. The Manufacturers Life Insurance Company lifted its stake in Santander Consumer USA by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 10,577 shares of the financial services provider’s stock valued at $135,000 after buying an additional 717 shares during the period. Crow Point Partners LLC raised its position in shares of Santander Consumer USA by 59.8% during the fourth quarter. Crow Point Partners LLC now owns 9,348 shares of the financial services provider’s stock worth $174,000 after purchasing an additional 3,500 shares during the period. Sei Investments Co. raised its position in shares of Santander Consumer USA by 38.4% during the third quarter. Sei Investments Co. now owns 13,317 shares of the financial services provider’s stock worth $205,000 after purchasing an additional 3,695 shares during the period. Pacer Advisors Inc. raised its position in shares of Santander Consumer USA by 18.8% during the third quarter. Pacer Advisors Inc. now owns 24,343 shares of the financial services provider’s stock worth $374,000 after purchasing an additional 3,857 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in shares of Santander Consumer USA by 0.4% during the third quarter. Parametric Portfolio Associates LLC now owns 1,319,108 shares of the financial services provider’s stock worth $20,275,000 after purchasing an additional 5,676 shares during the period. 92.38% of the stock is currently owned by hedge funds and other institutional investors.

SC has been the topic of a number of research reports. 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. Barclays set a $18.00 target price on Santander Consumer USA and gave the stock a “hold” rating in a research report on Tuesday, December 12th. Goldman Sachs Group initiated coverage on Santander Consumer USA in a research report on Monday, December 4th. They set a “buy” rating and a $21.00 target price on the stock. Oppenheimer initiated coverage on Santander Consumer USA in a research report on Monday, January 8th. They set a “hold” rating on the stock. Finally, JPMorgan Chase & Co. raised Santander Consumer USA from a “neutral” rating to an “overweight” rating and lowered their target price for the stock from $20.50 to $16.00 in a research report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Santander Consumer USA presently has a consensus rating of “Buy” and an average price target of $18.90.

Shares of Santander Consumer USA Holdings Inc (SC) opened at $17.01 on Friday. Santander Consumer USA Holdings Inc has a 1-year low of $11.12 and a 1-year high of $19.02. The stock has a market capitalization of $6,122.70, a price-to-earnings ratio of 9.19, a P/E/G ratio of 4.11 and a beta of 1.16.

Santander Consumer USA (NYSE:SC) last announced its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.03). Santander Consumer USA had a return on equity of 11.78% and a net margin of 18.09%. The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter last year, the company posted $0.17 EPS. equities analysts expect that Santander Consumer USA Holdings Inc will post 2.07 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Monday, February 12th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, February 9th. This represents a $0.20 annualized dividend and a yield of 1.18%. This is an increase from Santander Consumer USA’s previous quarterly dividend of $0.03. Santander Consumer USA’s dividend payout ratio is 6.06%.

ILLEGAL ACTIVITY NOTICE: This story was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at https://www.dispatchtribunal.com/2018/02/18/waratah-capital-advisors-ltd-purchases-shares-of-14991-santander-consumer-usa-holdings-inc-sc.html.

Santander Consumer USA 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.

Want to see what other hedge funds are holding SC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Santander Consumer USA Holdings Inc (NYSE:SC).

Institutional Ownership by Quarter for Santander Consumer USA (NYSE:SC)

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.

Leave a Reply