TCW Group Inc. Grows Stake in Santander Consumer USA Holdings Inc (NYSE:SC)

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TCW Group Inc. increased its stake in shares of Santander Consumer USA Holdings Inc (NYSE:SC) by 10.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 125,372 shares of the financial services provider’s stock after purchasing an additional 12,085 shares during the period. TCW Group Inc.’s holdings in Santander Consumer USA were worth $2,649,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Mercantile Trust Co. increased its holdings in Santander Consumer USA by 105.6% during the fourth quarter. First Mercantile Trust Co. now owns 2,940 shares of the financial services provider’s stock valued at $52,000 after buying an additional 1,510 shares during the last quarter. Enlightenment Research LLC purchased a new stake in shares of Santander Consumer USA in the fourth quarter worth $56,000. Nisa Investment Advisors LLC purchased a new stake in shares of Santander Consumer USA in the first quarter worth $169,000. HRT Financial LLC purchased a new stake in shares of Santander Consumer USA in the fourth quarter worth $182,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of Santander Consumer USA in the fourth quarter worth $208,000.

In related news, insider Richard Morrin sold 17,422 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $21.22, for a total transaction of $369,694.84. Following the completion of the transaction, the insider now owns 59,203 shares in the company, valued at $1,256,287.66. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sunil Sajnani sold 1,604 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $20.32, for a total transaction of $32,593.28. Following the transaction, the insider now owns 26,231 shares of the company’s stock, valued at approximately $533,013.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,561 shares of company stock valued at $414,074. 0.09% of the stock is owned by company insiders.

Shares of NYSE:SC traded down $0.17 during midday trading on Wednesday, reaching $23.31. 10,810 shares of the company were exchanged, compared to its average volume of 1,352,902. Santander Consumer USA Holdings Inc has a one year low of $16.10 and a one year high of $23.55. The firm has a market cap of $8.23 billion, a price-to-earnings ratio of 9.18, a P/E/G ratio of 1.26 and a beta of 1.00.

Santander Consumer USA (NYSE:SC) last issued its earnings results on Tuesday, April 30th. The financial services provider reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.04. Santander Consumer USA had a net margin of 12.56% and a return on equity of 12.95%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the business earned $0.68 earnings per share. Santander Consumer USA’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities research analysts anticipate that Santander Consumer USA Holdings Inc will post 2.65 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Friday, May 10th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.43%. Santander Consumer USA’s dividend payout ratio is 31.50%.

A number of analysts have recently issued reports on SC shares. JPMorgan Chase & Co. raised shares of Santander Consumer USA from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $20.00 to $23.00 in a research note on Tuesday, April 16th. Piper Jaffray Companies reissued a “neutral” rating and issued a $24.00 price objective on shares of Santander Consumer USA in a research note on Monday, April 22nd. Buckingham Research started coverage on shares of Santander Consumer USA in a research note on Monday. They issued a “neutral” rating and a $24.00 price objective for the company. Finally, Compass Point cut shares of Santander Consumer USA from a “buy” rating to a “neutral” rating in a research note on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. Santander Consumer USA has an average rating of “Hold” and an average target price of $24.42.

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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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