Bank of America Corp DE Acquires 30,102 Shares of Santander Consumer USA Holdings Inc (SC)

Bank of America Corp DE raised its holdings in Santander Consumer USA Holdings Inc (NYSE:SC) by 37.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 110,900 shares of the financial services provider’s stock after purchasing an additional 30,102 shares during the quarter. Bank of America Corp DE’s holdings in Santander Consumer USA were worth $2,117,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Capital Fund Management S.A. boosted its holdings in Santander Consumer USA by 1,162.0% in the second quarter. Capital Fund Management S.A. now owns 305,342 shares of the financial services provider’s stock valued at $5,829,000 after purchasing an additional 281,147 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Santander Consumer USA during the 2nd quarter worth about $1,152,000. Glen Harbor Capital Management LLC boosted its stake in shares of Santander Consumer USA by 40.6% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 552,432 shares of the financial services provider’s stock worth $10,546,000 after acquiring an additional 159,596 shares in the last quarter. Stephens Inc. AR purchased a new stake in shares of Santander Consumer USA during the 2nd quarter worth about $780,000. Finally, Riverhead Capital Management LLC boosted its stake in shares of Santander Consumer USA by 40.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 286,850 shares of the financial services provider’s stock worth $5,476,000 after acquiring an additional 82,950 shares in the last quarter.

SC opened at $19.11 on Friday. Santander Consumer USA Holdings Inc has a twelve month low of $15.55 and a twelve month high of $21.81. The stock has a market cap of $6.91 billion, a P/E ratio of 10.98, a P/E/G ratio of 0.50 and a beta of 1.08.

Santander Consumer USA (NYSE:SC) last released its quarterly earnings results on Wednesday, October 31st. The financial services provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.04. Santander Consumer USA had a net margin of 20.54% and a return on equity of 13.44%. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the prior year, the firm earned $0.55 EPS. Analysts forecast that Santander Consumer USA Holdings Inc will post 2.62 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Saturday, November 10th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, November 8th. This represents a $0.80 annualized dividend and a dividend yield of 4.19%. Santander Consumer USA’s dividend payout ratio (DPR) is presently 45.98%.

Several equities research analysts have recently issued reports on SC shares. Stephens set a $24.00 target price on shares of Santander Consumer USA and gave the stock a “hold” rating in a research note on Wednesday, July 25th. Susquehanna Bancshares set a $26.00 target price on shares of Santander Consumer USA and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Oppenheimer reissued a “hold” rating on shares of Santander Consumer USA in a research note on Wednesday, July 25th. Morgan Stanley increased their target price on shares of Santander Consumer USA from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 26th. Finally, UBS Group increased their target price on shares of Santander Consumer USA from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, July 26th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $22.79.

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About Santander Consumer USA

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

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