Gluskin Sheff & Assoc Inc. purchased a new stake in Santander Consumer USA Holdings Inc. (NYSE:SC) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 32,311 shares of the financial services provider’s stock, valued at approximately $497,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Santander Consumer USA Holdings by 4.7% in the second quarter. Vanguard Group Inc. now owns 9,032,559 shares of the financial services provider’s stock valued at $115,256,000 after acquiring an additional 403,894 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Santander Consumer USA Holdings by 9.8% in the second quarter. Bank of New York Mellon Corp now owns 880,796 shares of the financial services provider’s stock valued at $11,239,000 after acquiring an additional 78,807 shares during the last quarter. Wells Fargo & Company MN increased its stake in Santander Consumer USA Holdings by 20.4% in the second quarter. Wells Fargo & Company MN now owns 1,833,205 shares of the financial services provider’s stock valued at $23,392,000 after acquiring an additional 310,796 shares during the last quarter. Riverhead Capital Management LLC increased its stake in Santander Consumer USA Holdings by 168.5% in the second quarter. Riverhead Capital Management LLC now owns 148,683 shares of the financial services provider’s stock valued at $1,897,000 after acquiring an additional 93,310 shares during the last quarter. Finally, Aperio Group LLC increased its stake in Santander Consumer USA Holdings by 11.8% in the second quarter. Aperio Group LLC now owns 140,245 shares of the financial services provider’s stock valued at $1,790,000 after acquiring an additional 14,774 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

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Santander Consumer USA Holdings Inc. (SC) traded down $0.08 during midday trading on Monday, hitting $16.91. 346,336 shares of the company’s stock were exchanged, compared to its average volume of 1,924,705. The company has a market capitalization of $6,115.49, a PE ratio of 9.71 and a beta of 1.32. Santander Consumer USA Holdings Inc. has a 12-month low of $10.76 and a 12-month high of $17.01.

Santander Consumer USA Holdings (NYSE:SC) last issued its quarterly earnings results on Friday, October 27th. The financial services provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.13. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.11 billion. Santander Consumer USA Holdings had a net margin of 10.17% and a return on equity of 11.33%. Santander Consumer USA Holdings’s revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.56 earnings per share. research analysts forecast that Santander Consumer USA Holdings Inc. will post 1.95 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Tuesday, November 7th will be issued a dividend of $0.03 per share. The ex-dividend date is Monday, November 6th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.71%.

SC has been the topic of a number of recent analyst reports. UBS AG reissued a “buy” rating and issued a $15.00 price objective (down from $15.50) on shares of Santander Consumer USA Holdings in a research note on Wednesday, August 2nd. Jefferies Group LLC reissued a “buy” rating and issued a $18.00 price objective on shares of Santander Consumer USA Holdings in a research note on Friday, July 21st. Zacks Investment Research raised shares of Santander Consumer USA Holdings from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Tuesday, October 3rd. Sandler O’Neill reissued a “buy” rating and issued a $18.00 price objective (up from $16.00) on shares of Santander Consumer USA Holdings in a research note on Wednesday, October 4th. Finally, Stephens reissued an “equal weight” rating and issued a $14.00 price objective on shares of Santander Consumer USA Holdings in a research note on Friday, August 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $17.00.

Santander Consumer USA Holdings Company Profile

Santander Consumer USA Holdings Inc is the holding company for Santander Consumer USA Inc, and subsidiaries, a consumer finance company focused on vehicle finance and third party servicing. The Company operates through Consumer Finance segment. Its Consumer Finance business is focused on vehicle financial products and services, including retail installment contracts, vehicle leases, and dealer loans, as well as financial products and services related to motorcycles, recreational vehicles (RVs), and marine vehicles.

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

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