Cubist Systematic Strategies LLC Sells 70,360 Shares of Santander Consumer USA Holdings Inc. (NYSE:SC)

Cubist Systematic Strategies LLC reduced its position in Santander Consumer USA Holdings Inc. (NYSE:SC) by 75.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,611 shares of the financial services provider’s stock after selling 70,360 shares during the period. Cubist Systematic Strategies LLC’s holdings in Santander Consumer USA Holdings were worth $289,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Amalgamated Bank lifted its holdings in Santander Consumer USA Holdings by 3.4% during the first quarter. Amalgamated Bank now owns 15,158 shares of the financial services provider’s stock worth $202,000 after buying an additional 496 shares during the period. Sei Investments Co. lifted its holdings in shares of Santander Consumer USA Holdings by 6.1% during the 2nd quarter. Sei Investments Co. now owns 9,622 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 555 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Santander Consumer USA Holdings by 1.4% during the 1st quarter. Public Employees Retirement System of Ohio now owns 55,228 shares of the financial services provider’s stock valued at $736,000 after purchasing an additional 738 shares during the last quarter. Gotham Asset Management LLC increased its position in shares of Santander Consumer USA Holdings by 9.4% in the 1st quarter. Gotham Asset Management LLC now owns 18,701 shares of the financial services provider’s stock valued at $249,000 after acquiring an additional 1,603 shares during the period. Finally, Prudential Financial Inc. increased its position in shares of Santander Consumer USA Holdings by 2.2% in the 2nd quarter. Prudential Financial Inc. now owns 89,747 shares of the financial services provider’s stock valued at $1,145,000 after acquiring an additional 1,900 shares during the period. Institutional investors own 91.53% of the company’s stock.

Shares of Santander Consumer USA Holdings Inc. (NYSE SC) traded down $0.25 on Tuesday, reaching $15.93. 1,476,100 shares of the company’s stock traded hands, compared to its average volume of 2,015,859. Santander Consumer USA Holdings Inc. has a one year low of $11.12 and a one year high of $17.05. The firm has a market capitalization of $5,680.00, a price-to-earnings ratio of 9.25 and a beta of 1.32.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Tuesday, November 7th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Monday, November 6th. Santander Consumer USA Holdings’s payout ratio is currently 6.45%.

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Several equities research analysts have weighed in on the company. Zacks Investment Research downgraded Santander Consumer USA Holdings from a “buy” rating to a “hold” rating in a research report on Saturday. Jefferies Group LLC raised their target price on Santander Consumer USA Holdings from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, October 30th. BidaskClub cut Santander Consumer USA Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. UBS AG reaffirmed a “buy” rating and issued a $15.00 price target (down from $15.50) on shares of Santander Consumer USA Holdings in a research note on Wednesday, August 2nd. Finally, Citigroup Inc. began coverage on shares of Santander Consumer USA Holdings in a research note on Tuesday, October 17th. They issued a “neutral” rating and a $16.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Santander Consumer USA Holdings has an average rating of “Buy” and an average price target of $17.00.

About Santander Consumer USA Holdings

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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