Russell Investments Group Ltd. grew its holdings in Santander Consumer USA Holdings Inc (NYSE:SC) by 54.1% during the 3rd quarter, Holdings Channel reports. The fund owned 1,433,661 shares of the financial services provider’s stock after purchasing an additional 503,207 shares during the period. Russell Investments Group Ltd.’s holdings in Santander Consumer USA were worth $28,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also added to or reduced their stakes in the company. Macquarie Group Ltd. purchased a new stake in shares of Santander Consumer USA in the 2nd quarter valued at $118,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Santander Consumer USA in the 2nd quarter valued at $124,000. Rehmann Capital Advisory Group boosted its holdings in shares of Santander Consumer USA by 366.0% in the 2nd quarter. Rehmann Capital Advisory Group now owns 8,276 shares of the financial services provider’s stock valued at $158,000 after acquiring an additional 6,500 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in Santander Consumer USA by 253.8% during the second quarter. Meeder Asset Management Inc. now owns 8,948 shares of the financial services provider’s stock worth $171,000 after buying an additional 6,419 shares in the last quarter. Finally, Advisors Preferred LLC boosted its holdings in Santander Consumer USA by 466.5% during the second quarter. Advisors Preferred LLC now owns 9,370 shares of the financial services provider’s stock worth $179,000 after buying an additional 7,716 shares in the last quarter.
Shares of NYSE SC opened at $18.60 on Friday. The firm has a market cap of $6.78 billion, a P/E ratio of 7.50, a PEG ratio of 0.50 and a beta of 1.08. Santander Consumer USA Holdings Inc has a 1 year low of $15.55 and a 1 year high of $21.81.
Santander Consumer USA (NYSE:SC) last posted its quarterly earnings data on Wednesday, October 31st. The financial services provider reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.04. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Santander Consumer USA had a net margin of 20.54% and a return on equity of 13.44%. During the same period in the prior year, the business posted $0.55 earnings per share. As a group, analysts anticipate that Santander Consumer USA Holdings Inc will post 2.58 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Saturday, November 10th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date is Thursday, November 8th. Santander Consumer USA’s dividend payout ratio is presently 45.98%.
A number of analysts recently issued reports on the stock. Zacks Investment Research raised shares of Santander Consumer USA from a “hold” rating to a “strong-buy” rating and set a $22.00 price target on the stock in a report on Tuesday, July 31st. JPMorgan Chase & Co. reissued a “neutral” rating and set a $9.00 price target on shares of Santander Consumer USA in a report on Monday, July 9th. Oppenheimer reissued a “hold” rating on shares of Santander Consumer USA in a report on Wednesday. BMO Capital Markets increased their price target on shares of Santander Consumer USA from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Susquehanna Bancshares set a $26.00 price target on shares of Santander Consumer USA and gave the stock a “buy” rating in a report on Wednesday, July 25th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $22.79.
Santander Consumer USA 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.
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