Santander Consumer USA Holdings Inc (SC) Position Cut by Victory Capital Management Inc.

Victory Capital Management Inc. cut its position in shares of Santander Consumer USA Holdings Inc (NYSE:SC) by 25.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 124,312 shares of the financial services provider’s stock after selling 42,619 shares during the period. Victory Capital Management Inc.’s holdings in Santander Consumer USA were worth $2,491,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Trilogy Capital Inc. purchased a new stake in shares of Santander Consumer USA in the third quarter valued at about $206,000. WBI Investments Inc. grew its holdings in shares of Santander Consumer USA by 4,253.3% in the third quarter. WBI Investments Inc. now owns 965,120 shares of the financial services provider’s stock valued at $19,341,000 after purchasing an additional 942,950 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in shares of Santander Consumer USA by 266.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 179,612 shares of the financial services provider’s stock valued at $3,599,000 after purchasing an additional 130,561 shares during the period. Acadian Asset Management LLC grew its holdings in shares of Santander Consumer USA by 428.6% in the third quarter. Acadian Asset Management LLC now owns 129,875 shares of the financial services provider’s stock valued at $2,602,000 after purchasing an additional 105,307 shares during the period. Finally, TCW Group Inc. grew its holdings in shares of Santander Consumer USA by 27.0% in the third quarter. TCW Group Inc. now owns 94,442 shares of the financial services provider’s stock valued at $1,893,000 after purchasing an additional 20,093 shares during the period.

Shares of SC stock opened at $18.76 on Friday. The stock has a market cap of $6.74 billion, a price-to-earnings ratio of 7.50, a P/E/G ratio of 0.38 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 announced its earnings results on Wednesday, October 31st. The financial services provider reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.04. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.76 billion. Santander Consumer USA had a net margin of 20.54% and a return on equity of 13.25%. During the same quarter last year, the firm posted $0.55 earnings per share. As a group, equities analysts forecast that Santander Consumer USA Holdings Inc will post 2.65 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Saturday, November 10th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.26%. The ex-dividend date was Thursday, November 8th. Santander Consumer USA’s payout ratio is 45.98%.

A number of equities research analysts recently issued reports on SC shares. ValuEngine lowered shares of Santander Consumer USA from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Oppenheimer reissued a “hold” rating on shares of Santander Consumer USA in a report on Wednesday, October 31st. Zacks Investment Research raised shares of Santander Consumer USA from a “sell” rating to a “hold” rating in a report on Thursday, October 11th. BMO Capital Markets upped their price objective on shares of Santander Consumer USA from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, November 2nd. Finally, TheStreet raised shares of Santander Consumer USA from a “c” rating to a “b-” rating in a research note on Wednesday, November 14th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has an average 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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