Rubric Capital Management LP purchased a new position in Santander Consumer USA Holdings Inc (NYSE:SC) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 907,839 shares of the financial services provider’s stock, valued at approximately $13,953,000. Santander Consumer USA comprises about 1.3% of Rubric Capital Management LP’s investment portfolio, making the stock its 18th biggest holding. Rubric Capital Management LP owned 0.25% of Santander Consumer USA as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently bought and sold shares of the company. GSA Capital Partners LLP purchased a new position in Santander Consumer USA in the 3rd quarter worth about $1,861,000. California Public Employees Retirement System raised its position in Santander Consumer USA by 4.1% in the 3rd quarter. California Public Employees Retirement System now owns 584,966 shares of the financial services provider’s stock worth $8,991,000 after buying an additional 23,166 shares during the last quarter. Jacobs Asset Management LLC purchased a new position in Santander Consumer USA in the 3rd quarter worth about $5,771,000. Castine Capital Management LLC purchased a new position in Santander Consumer USA in the 3rd quarter worth about $4,919,000. Finally, Convergence Investment Partners LLC purchased a new position in Santander Consumer USA in the 3rd quarter worth about $200,000. 91.44% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on SC shares. Jefferies Group reissued a “buy” rating and issued a $18.00 target price on shares of Santander Consumer USA in a research report on Friday, August 25th. Zacks Investment Research raised Santander Consumer USA from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Saturday, October 14th. ValuEngine raised Santander Consumer USA from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Sandler O’Neill reaffirmed a “buy” rating and set a $18.00 price target (up previously from $16.00) on shares of Santander Consumer USA in a research report on Wednesday, October 4th. Finally, Stephens reaffirmed an “equal weight” rating and set a $14.00 price target on shares of Santander Consumer USA in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Santander Consumer USA presently has a consensus rating of “Buy” and a consensus price target of $17.69.
Santander Consumer USA (NYSE:SC) last released its quarterly earnings results on Friday, October 27th. The financial services provider reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.13. Santander Consumer USA had a net margin of 10.17% and a return on equity of 11.33%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the firm earned $0.56 EPS. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. sell-side analysts anticipate that Santander Consumer USA Holdings Inc will post 1.96 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Tuesday, November 7th were paid a dividend of $0.03 per share. The ex-dividend date was Monday, November 6th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.66%. Santander Consumer USA’s dividend payout ratio (DPR) is presently 6.45%.
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Santander Consumer USA Profile
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.
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