Santander Consumer USA Holdings Inc (SC) Stake Lessened by Legal & General Group Plc

Legal & General Group Plc trimmed its holdings in Santander Consumer USA Holdings Inc (NYSE:SC) by 17.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 465,061 shares of the financial services provider’s stock after selling 100,372 shares during the period. Legal & General Group Plc owned 0.13% of Santander Consumer USA worth $8,878,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in shares of Santander Consumer USA by 10.9% in the first quarter. Dimensional Fund Advisors LP now owns 6,026,629 shares of the financial services provider’s stock valued at $98,234,000 after buying an additional 590,374 shares during the last quarter. BlackRock Inc. lifted its position in shares of Santander Consumer USA by 0.5% in the first quarter. BlackRock Inc. now owns 5,564,137 shares of the financial services provider’s stock valued at $90,696,000 after buying an additional 28,159 shares during the last quarter. Canyon Capital Advisors LLC lifted its position in shares of Santander Consumer USA by 69.6% in the first quarter. Canyon Capital Advisors LLC now owns 3,223,319 shares of the financial services provider’s stock valued at $52,540,000 after buying an additional 1,323,253 shares during the last quarter. Schroder Investment Management Group lifted its position in shares of Santander Consumer USA by 65.3% in the first quarter. Schroder Investment Management Group now owns 2,760,302 shares of the financial services provider’s stock valued at $44,993,000 after buying an additional 1,090,810 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Santander Consumer USA by 79.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,891,024 shares of the financial services provider’s stock valued at $30,824,000 after buying an additional 839,787 shares during the last quarter.

A number of research firms have recently issued reports on SC. Zacks Investment Research cut Santander Consumer USA from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. Oppenheimer reaffirmed a “hold” rating on shares of Santander Consumer USA in a research report on Wednesday, July 25th. Stephens set a $24.00 price objective on Santander Consumer USA and gave the company a “hold” rating in a research report on Wednesday, July 25th. Susquehanna Bancshares set a $26.00 price objective on Santander Consumer USA and gave the company a “buy” rating in a research report on Wednesday, July 25th. Finally, Morgan Stanley lifted their price target on Santander Consumer USA from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Thursday, July 26th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Santander Consumer USA currently has an average rating of “Buy” and a consensus price target of $22.25.

NYSE:SC opened at $19.49 on Tuesday. The company has a market cap of $7.25 billion, a P/E ratio of 11.20, a PEG ratio of 0.97 and a beta of 1.12. Santander Consumer USA Holdings Inc has a 1-year low of $14.75 and a 1-year high of $21.81.

Santander Consumer USA (NYSE:SC) last released its quarterly earnings results on Wednesday, July 25th. The financial services provider reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.18. The business had revenue of $1.70 billion during 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 last year, the firm posted $0.74 EPS. Analysts predict that Santander Consumer USA Holdings Inc will post 2.58 earnings per share for the current year.

In other Santander Consumer USA news, insider Lisa Vanroekel sold 8,819 shares of Santander Consumer USA stock in a transaction 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 completion of the transaction, the insider now directly owns 25,640 shares of the company’s stock, valued at approximately $502,800.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is owned by insiders.

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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Institutional Ownership by Quarter for Santander Consumer USA (NYSE:SC)

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