Santander Consumer USA Holdings Inc (SC) Shares Sold by First Trust Advisors LP

First Trust Advisors LP reduced its holdings in shares of Santander Consumer USA Holdings Inc (NYSE:SC) by 6.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,163,364 shares of the financial services provider’s stock after selling 84,783 shares during the period. First Trust Advisors LP’s holdings in Santander Consumer USA were worth $23,314,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of Santander Consumer USA by 6.6% during the 2nd quarter. FMR LLC now owns 11,106,103 shares of the financial services provider’s stock valued at $212,015,000 after buying an additional 685,963 shares during the last quarter. Canyon Capital Advisors LLC boosted its stake in shares of Santander Consumer USA by 92.0% during the 2nd quarter. Canyon Capital Advisors LLC now owns 6,190,000 shares of the financial services provider’s stock valued at $118,167,000 after buying an additional 2,966,681 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Santander Consumer USA by 1.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,090,921 shares of the financial services provider’s stock valued at $116,276,000 after buying an additional 64,292 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of Santander Consumer USA by 0.9% during the 2nd quarter. Schroder Investment Management Group now owns 2,784,215 shares of the financial services provider’s stock valued at $53,122,000 after buying an additional 23,913 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Santander Consumer USA by 35.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 930,454 shares of the financial services provider’s stock valued at $17,761,000 after buying an additional 242,830 shares during the last quarter.

SC has been the subject of several research analyst reports. Zacks Investment Research cut Santander Consumer USA from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. Morgan Stanley increased their target price on Santander Consumer USA from $21.00 to $23.00 and gave the company an “equal weight” rating in a research note on Thursday, July 26th. Stephens set a $24.00 target price on Santander Consumer USA and gave the company a “hold” rating in a research note on Wednesday, July 25th. Barclays increased their target price on Santander Consumer USA from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 11th. Finally, UBS Group increased their target price on Santander Consumer USA from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, July 26th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Santander Consumer USA presently has a consensus rating of “Hold” and an average target price of $22.79.

Shares of SC opened at $19.12 on Wednesday. Santander Consumer USA Holdings Inc has a 12-month low of $15.55 and a 12-month high of $21.81. The firm has a market cap of $6.73 billion, a P/E ratio of 10.99, a PEG ratio of 0.49 and a beta of 1.08.

Santander Consumer USA (NYSE:SC) last announced its quarterly earnings data on Wednesday, October 31st. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.04. Santander Consumer USA had a return on equity of 13.44% and a net margin of 20.54%. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same period last year, the business posted $0.55 earnings per share. On average, analysts predict that Santander Consumer USA Holdings Inc will post 2.6 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Saturday, November 10th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend is Thursday, November 8th. Santander Consumer USA’s dividend payout ratio (DPR) is presently 45.98%.

ILLEGAL ACTIVITY WARNING: “Santander Consumer USA Holdings Inc (SC) Shares Sold by First Trust Advisors LP” was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.dispatchtribunal.com/2018/11/07/santander-consumer-usa-holdings-inc-sc-shares-sold-by-first-trust-advisors-lp.html.

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.

Read More: Conference Calls and Individual Investors

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