Macquarie Group Ltd. bought a new position in shares of Santander Consumer USA Holdings Inc (NYSE:SC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,200 shares of the financial services provider’s stock, valued at approximately $118,000.

Several other hedge funds have also recently bought and sold shares of the business. Sterling Capital Management LLC grew its holdings in shares of Santander Consumer USA by 264.1% during the 2nd quarter. Sterling Capital Management LLC now owns 187,094 shares of the financial services provider’s stock worth $3,572,000 after acquiring an additional 135,714 shares during the period. Cubist Systematic Strategies LLC grew its holdings in shares of Santander Consumer USA by 11,904.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 30,972 shares of the financial services provider’s stock worth $591,000 after acquiring an additional 30,714 shares during the period. Caption Management LLC bought a new stake in shares of Santander Consumer USA in the 2nd quarter worth approximately $521,000. Bank of America Corp DE boosted its position in shares of Santander Consumer USA by 37.3% in the 2nd quarter. Bank of America Corp DE now owns 110,900 shares of the financial services provider’s stock worth $2,117,000 after purchasing an additional 30,102 shares in the last quarter. Finally, Capital Fund Management S.A. boosted its position in shares of Santander Consumer USA by 1,162.0% in the 2nd quarter. Capital Fund Management S.A. now owns 305,342 shares of the financial services provider’s stock worth $5,829,000 after purchasing an additional 281,147 shares in the last quarter.

SC has been the topic of a number of analyst reports. Zacks Investment Research cut Santander Consumer USA from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. Morgan Stanley boosted their price target on Santander Consumer USA from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 26th. Stephens set a $24.00 price target on Santander Consumer USA and gave the stock a “hold” rating in a research report on Wednesday, July 25th. Barclays boosted their price target on Santander Consumer USA from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 11th. Finally, UBS Group boosted their price target on Santander Consumer USA from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, July 26th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $22.25.

In related news, insider Lisa Vanroekel sold 8,819 shares of the company’s stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $19.61, for a total value of $172,940.59. Following the transaction, the insider now directly owns 25,640 shares of the company’s stock, valued at approximately $502,800.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

SC stock opened at $18.94 on Friday. The company has a market capitalization of $7.25 billion, a P/E ratio of 10.78, a price-to-earnings-growth ratio of 0.97 and a beta of 1.12. Santander Consumer USA Holdings Inc has a 12-month low of $14.75 and a 12-month high of $21.81.

Santander Consumer USA (NYSE:SC) last released its quarterly earnings data on Wednesday, July 25th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.18. The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Santander Consumer USA had a return on equity of 13.00% and a net margin of 20.57%. During the same period in the prior year, the firm posted $0.74 EPS. On average, equities analysts anticipate that Santander Consumer USA Holdings Inc will post 2.58 earnings per share for the current fiscal year.

Santander Consumer USA Company 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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