Legal & General Group Plc cut its holdings in Santander Consumer USA Holdings Inc (NYSE:SC) by 17.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 465,061 shares of the financial services provider’s stock after selling 100,372 shares during the quarter. Legal & General Group Plc owned approximately 0.13% of Santander Consumer USA worth $8,878,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the stock. Aviva PLC boosted its stake in shares of Santander Consumer USA by 7.6% during the second quarter. Aviva PLC now owns 68,495 shares of the financial services provider’s stock valued at $1,308,000 after purchasing an additional 4,832 shares in the last quarter. Barings LLC boosted its stake in shares of Santander Consumer USA by 157.0% during the second quarter. Barings LLC now owns 80,700 shares of the financial services provider’s stock valued at $1,541,000 after purchasing an additional 49,300 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of Santander Consumer USA during the second quarter valued at about $1,105,000. Russell Investments Group Ltd. lifted its stake in shares of Santander Consumer USA by 35.3% in the second quarter. Russell Investments Group Ltd. now owns 930,454 shares of the financial services provider’s stock worth $17,761,000 after acquiring an additional 242,830 shares during the period. Finally, Toronto Dominion Bank acquired a new position in shares of Santander Consumer USA in the second quarter worth approximately $718,000.
A number of research firms recently commented on SC. Zacks Investment Research lowered Santander Consumer USA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 27th. Janney Montgomery Scott raised Santander Consumer USA from a “neutral” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Friday, June 29th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $9.00 price objective on shares of Santander Consumer USA in a research note on Monday, July 9th. Citigroup lifted their price objective on Santander Consumer USA from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, June 29th. Finally, Stephens set a $24.00 price objective on Santander Consumer USA and gave the stock a “hold” rating in a research note on Wednesday, July 25th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Santander Consumer USA currently has a consensus rating of “Buy” and a consensus price target of $22.25.
Shares of SC stock opened at $21.51 on Friday. The company has a market capitalization of $7.76 billion, a price-to-earnings ratio of 9.17, a price-to-earnings-growth ratio of 1.04 and a beta of 1.11. Santander Consumer USA Holdings Inc has a fifty-two week low of $13.99 and a fifty-two week high of $21.81.
Santander Consumer USA (NYSE:SC) last issued its earnings results on Wednesday, July 25th. The financial services provider reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.18. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate 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 previous year, the company posted $0.74 earnings per share. equities analysts anticipate that Santander Consumer USA Holdings Inc will post 2.58 EPS for the current year.
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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