Santander Consumer USA Holdings Inc (SC) Stake Boosted by Acadian Asset Management LLC

Acadian Asset Management LLC grew its holdings in Santander Consumer USA Holdings Inc (NYSE:SC) by 428.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 129,875 shares of the financial services provider’s stock after purchasing an additional 105,307 shares during the period. Acadian Asset Management LLC’s holdings in Santander Consumer USA were worth $2,602,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Macquarie Group Ltd. acquired a new position in Santander Consumer USA during the 2nd quarter worth about $118,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Santander Consumer USA during the 2nd quarter worth about $124,000. Rehmann Capital Advisory Group lifted its stake in Santander Consumer USA by 366.0% during the 2nd quarter. Rehmann Capital Advisory Group now owns 8,276 shares of the financial services provider’s stock worth $158,000 after acquiring an additional 6,500 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in Santander Consumer USA by 253.8% during the 2nd quarter. Meeder Asset Management Inc. now owns 8,948 shares of the financial services provider’s stock worth $171,000 after acquiring an additional 6,419 shares in the last quarter. Finally, Advisors Preferred LLC lifted its stake in Santander Consumer USA by 466.5% during the 2nd quarter. Advisors Preferred LLC now owns 9,370 shares of the financial services provider’s stock worth $179,000 after acquiring an additional 7,716 shares in the last quarter.

SC stock opened at $19.11 on Friday. The stock has a market capitalization of $6.99 billion, a price-to-earnings ratio of 10.98, a P/E/G ratio of 0.39 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 results on Wednesday, October 31st. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.04. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.76 billion. Santander Consumer USA had a return on equity of 13.44% and a net margin of 20.54%. During the same quarter last year, the company earned $0.55 EPS. Equities research analysts expect that Santander Consumer USA Holdings Inc will post 2.62 earnings per share for the current fiscal year.

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

Several equities analysts recently issued reports on SC shares. Stephens set a $24.00 target price on 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 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 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 price target on Santander Consumer USA from $21.00 to $24.00 and gave the company a “buy” rating in a research report 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 company. The stock currently has a consensus rating of “Hold” and an average price target of $22.79.

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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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