Wells Fargo & Company MN Has $7.98 Million Position in Santander Consumer USA Holdings Inc (NYSE:SC)

Wells Fargo & Company MN increased its position in shares of Santander Consumer USA Holdings Inc (NYSE:SC) by 29.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 332,854 shares of the financial services provider’s stock after purchasing an additional 76,009 shares during the period. Wells Fargo & Company MN owned approximately 0.10% of Santander Consumer USA worth $7,976,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in Santander Consumer USA by 4.3% in the 4th quarter. Geode Capital Management LLC now owns 1,088,635 shares of the financial services provider’s stock valued at $19,149,000 after acquiring an additional 44,954 shares in the last quarter. SG Americas Securities LLC acquired a new position in Santander Consumer USA in the 1st quarter valued at $272,000. Janus Henderson Group PLC raised its holdings in Santander Consumer USA by 48.0% in the 1st quarter. Janus Henderson Group PLC now owns 49,268 shares of the financial services provider’s stock valued at $1,041,000 after acquiring an additional 15,968 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Santander Consumer USA by 403.5% in the 1st quarter. Victory Capital Management Inc. now owns 623,566 shares of the financial services provider’s stock valued at $13,176,000 after acquiring an additional 499,717 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in Santander Consumer USA by 8.4% in the 1st quarter. California Public Employees Retirement System now owns 393,784 shares of the financial services provider’s stock valued at $8,321,000 after acquiring an additional 30,396 shares in the last quarter.

SC has been the subject of several analyst reports. Stephens cut Santander Consumer USA from an “equal” rating to a “weight” rating and dropped their price objective for the company from $25.00 to $23.00 in a report on Monday, September 9th. Zacks Investment Research raised Santander Consumer USA from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Wednesday, July 3rd. Compass Point set a $25.00 price objective on Santander Consumer USA and gave the company a “hold” rating in a report on Tuesday, July 2nd. ValuEngine cut Santander Consumer USA from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Santander cut Santander Consumer USA from an “equal weight” rating to an “underweight” rating in a report on Monday, September 9th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $25.13.

In other news, insider Christopher Keith Pfirrman sold 30,000 shares of Santander Consumer USA stock in a transaction on Friday, July 26th. The stock was sold at an average price of $27.41, for a total value of $822,300.00. Following the transaction, the insider now owns 46,361 shares in the company, valued at approximately $1,270,755.01. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.13% of the company’s stock.

Shares of SC traded down $0.17 during midday trading on Friday, hitting $25.95. The company’s stock had a trading volume of 1,142,305 shares, compared to its average volume of 803,749. Santander Consumer USA Holdings Inc has a one year low of $16.10 and a one year high of $27.75. The company’s fifty day simple moving average is $26.34 and its two-hundred day simple moving average is $23.44. The stock has a market capitalization of $9.04 billion, a price-to-earnings ratio of 10.22, a price-to-earnings-growth ratio of 0.77 and a beta of 1.05.

Santander Consumer USA (NYSE:SC) last issued its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.15. Santander Consumer USA had a return on equity of 13.29% and a net margin of 12.60%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the company posted $0.92 EPS. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, equities analysts forecast that Santander Consumer USA Holdings Inc will post 2.82 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 5th were paid a $0.22 dividend. This is a positive change from Santander Consumer USA’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, August 2nd. This represents a $0.88 annualized dividend and a dividend yield of 3.39%. Santander Consumer USA’s dividend payout ratio (DPR) is presently 34.65%.

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

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