Trexquant Investment LP decreased its stake in Santander Consumer USA Holdings Inc (NYSE:SC) by 41.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,952 shares of the financial services provider’s stock after selling 23,929 shares during the period. Trexquant Investment LP’s holdings in Santander Consumer USA were worth $680,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Acadian Asset Management LLC purchased a new position in shares of Santander Consumer USA in the 2nd quarter valued at approximately $469,000. BNP Paribas Arbitrage SA grew its stake in shares of Santander Consumer USA by 71.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 76,153 shares of the financial services provider’s stock valued at $1,454,000 after purchasing an additional 31,649 shares during the last quarter. Aperio Group LLC lifted its holdings in shares of Santander Consumer USA by 33.9% in the 2nd quarter. Aperio Group LLC now owns 317,855 shares of the financial services provider’s stock valued at $6,068,000 after buying an additional 80,489 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Santander Consumer USA in the 2nd quarter valued at approximately $2,308,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Santander Consumer USA in the 2nd quarter valued at approximately $124,000.
Several research firms have recently commented on SC. TheStreet raised Santander Consumer USA from a “c” rating to a “b-” rating in a report on Wednesday, November 14th. BMO Capital Markets raised their price target on Santander Consumer USA from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, November 2nd. Zacks Investment Research raised Santander Consumer USA from a “sell” rating to a “hold” rating in a report on Thursday, October 11th. Oppenheimer reissued a “hold” rating on shares of Santander Consumer USA in a report on Wednesday, October 31st. Finally, ValuEngine cut Santander Consumer USA from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Santander Consumer USA currently has a consensus rating of “Hold” and an average price target of $22.79.
Santander Consumer USA (NYSE:SC) last issued its quarterly earnings data on Wednesday, October 31st. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.04. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Santander Consumer USA had a return on equity of 13.25% and a net margin of 20.54%. During the same period in the previous year, the firm posted $0.55 earnings per share. Analysts predict that Santander Consumer USA Holdings Inc will post 2.65 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Saturday, November 10th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, November 8th. This represents a $0.80 annualized dividend and a yield of 4.11%. Santander Consumer USA’s dividend payout ratio is presently 45.98%.
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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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