Regentatlantic Capital LLC Sells 741 Shares of Santander Consumer USA Holdings Inc (NYSE:SC)

Regentatlantic Capital LLC decreased its stake in shares of Santander Consumer USA Holdings Inc (NYSE:SC) by 4.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,209 shares of the financial services provider’s stock after selling 741 shares during the period. Regentatlantic Capital LLC’s holdings in Santander Consumer USA were worth $364,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. TCW Group Inc. increased its position in shares of Santander Consumer USA by 10.7% during the first quarter. TCW Group Inc. now owns 125,372 shares of the financial services provider’s stock worth $2,649,000 after acquiring an additional 12,085 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Santander Consumer USA by 8.4% during the first quarter. California Public Employees Retirement System now owns 393,784 shares of the financial services provider’s stock worth $8,321,000 after purchasing an additional 30,396 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Santander Consumer USA by 41.0% during the first quarter. State of Alaska Department of Revenue now owns 17,500 shares of the financial services provider’s stock worth $368,000 after purchasing an additional 5,090 shares during the last quarter. Commonwealth Bank of Australia boosted its holdings in Santander Consumer USA by 29.3% during the first quarter. Commonwealth Bank of Australia now owns 152,478 shares of the financial services provider’s stock worth $3,216,000 after purchasing an additional 34,550 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Santander Consumer USA by 4.3% during the fourth quarter. Geode Capital Management LLC now owns 1,088,635 shares of the financial services provider’s stock worth $19,149,000 after purchasing an additional 44,954 shares during the last quarter.

Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Santander Consumer USA from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Wednesday, July 3rd. Compass Point set a $25.00 target price on shares of Santander Consumer USA and gave the stock a “hold” rating in a report on Tuesday, July 2nd. Morgan Stanley increased their target price on shares of Santander Consumer USA from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Buckingham Research set a $25.00 target price on shares of Santander Consumer USA and gave the stock a “hold” rating in a report on Monday, July 1st. Finally, ValuEngine cut shares of Santander Consumer USA from a “buy” rating to a “hold” rating in a report on Thursday. 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 stock. Santander Consumer USA has an average rating of “Hold” and an average price target of $25.43.

In other Santander Consumer USA news, insider Christopher Keith Pfirrman sold 30,000 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $27.41, for a total value of $822,300.00. Following the completion of the sale, the insider now owns 46,361 shares in the company, valued at $1,270,755.01. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.13% of the company’s stock.

SC stock traded down $0.62 during trading hours on Monday, reaching $25.51. The stock had a trading volume of 13,123 shares, compared to its average volume of 1,396,923. The company has a market capitalization of $9.04 billion, a PE ratio of 10.29, a PEG ratio of 0.77 and a beta of 1.01. The company’s 50-day moving average is $25.14. Santander Consumer USA Holdings Inc has a fifty-two week low of $16.10 and a fifty-two week high of $27.75.

Santander Consumer USA (NYSE:SC) last announced its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.15. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Santander Consumer USA had a net margin of 12.60% and a return on equity of 13.29%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.92 earnings per share. On average, equities research analysts forecast that Santander Consumer USA Holdings Inc will post 2.82 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, August 5th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Friday, August 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 3.45%. This is a boost from Santander Consumer USA’s previous quarterly dividend of $0.20. Santander Consumer USA’s dividend payout ratio (DPR) is currently 31.50%.

About Santander Consumer USA

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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