Jump Financial LLC lowered its position in shares of Santander Consumer USA Holdings Inc. (NYSE:SC) by 59.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,400 shares of the financial services provider’s stock after selling 40,060 shares during the period. Jump Financial LLC’s holdings in Santander Consumer USA were worth $995,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Exchange Traded Concepts LLC bought a new stake in shares of Santander Consumer USA during the 2nd quarter valued at about $29,000. Lazard Asset Management LLC purchased a new position in shares of Santander Consumer USA in the 1st quarter valued at approximately $26,000. Advisory Services Network LLC bought a new stake in shares of Santander Consumer USA during the second quarter valued at approximately $48,000. Deseret Mutual Benefit Administrators bought a new position in Santander Consumer USA in the second quarter worth $49,000. Finally, Harvest Fund Management Co. Ltd lifted its position in Santander Consumer USA by 144.4% during the second quarter. Harvest Fund Management Co. Ltd now owns 1,474 shares of the financial services provider’s stock valued at $53,000 after buying an additional 871 shares during the period. 99.56% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have recently commented on SC. Jefferies Financial Group cut Santander Consumer USA from a “buy” rating to a “hold” rating and set a $43.00 target price on the stock. in a research note on Wednesday, July 7th. Deutsche Bank Aktiengesellschaft downgraded shares of Santander Consumer USA from a “buy” rating to a “hold” rating and increased their price target for the stock from $39.00 to $41.00 in a research report on Thursday, July 29th. Compass Point downgraded shares of Santander Consumer USA from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $35.00 to $39.00 in a research report on Friday, July 2nd. Zacks Investment Research cut Santander Consumer USA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 29th. Finally, Morgan Stanley boosted their price target on Santander Consumer USA from $39.00 to $41.50 and gave the company an “equal weight” rating in a report on Friday, September 3rd. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $37.81.
Santander Consumer USA (NYSE:SC) last released its earnings results on Wednesday, July 28th. The financial services provider reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $1.53. Santander Consumer USA had a return on equity of 46.51% and a net margin of 34.85%. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.99 billion. As a group, equities research analysts expect that Santander Consumer USA Holdings Inc. will post 8.54 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 19th. Investors of record on Monday, August 9th were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, August 6th. This represents a $0.88 annualized dividend and a dividend yield of 2.11%. Santander Consumer USA’s payout ratio is currently 30.66%.
About Santander Consumer USA
Santander Consumer USA Holdings, Inc engages in the provision of consumer financing services. It offers retail installment contracts, vehicle leases, dealer loans, financial products, and services related to motorcycles, motor car, and marine vehicles. The company was founded in July 2013 and is headquartered in Dallas, TX.
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