Jacobs Asset Management LLC Purchases Shares of 375,490 Santander Consumer USA Holdings Inc (SC)

Jacobs Asset Management LLC purchased a new position in shares of Santander Consumer USA Holdings Inc (NYSE:SC) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 375,490 shares of the financial services provider’s stock, valued at approximately $5,771,000. Jacobs Asset Management LLC owned about 0.10% of Santander Consumer USA as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the company. Sei Investments Co. boosted its position in Santander Consumer USA by 6.1% in the second quarter. Sei Investments Co. now owns 9,622 shares of the financial services provider’s stock valued at $123,000 after buying an additional 555 shares during the last quarter. TD Asset Management Inc. purchased a new stake in Santander Consumer USA in the second quarter valued at approximately $133,000. The Manufacturers Life Insurance Company boosted its position in Santander Consumer USA by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 10,577 shares of the financial services provider’s stock valued at $135,000 after buying an additional 717 shares during the last quarter. Federated Investors Inc. PA boosted its position in Santander Consumer USA by 134.9% in the second quarter. Federated Investors Inc. PA now owns 11,605 shares of the financial services provider’s stock valued at $148,000 after buying an additional 6,665 shares during the last quarter. Finally, OxFORD Asset Management LLP purchased a new stake in Santander Consumer USA in the third quarter valued at approximately $190,000. Institutional investors and hedge funds own 91.44% of the company’s stock.

Shares of Santander Consumer USA Holdings Inc (NYSE:SC) traded down $0.12 during mid-day trading on Thursday, hitting $17.64. The stock had a trading volume of 1,365,100 shares, compared to its average volume of 1,997,238. The firm has a market cap of $6,392.65, a P/E ratio of 10.15 and a beta of 1.33. Santander Consumer USA Holdings Inc has a twelve month low of $11.12 and a twelve month high of $18.73.

Santander Consumer USA (NYSE:SC) last announced its earnings results on Friday, October 27th. The financial services provider reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.13. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.11 billion. Santander Consumer USA had a return on equity of 11.33% and a net margin of 10.17%. The business’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 EPS. equities analysts expect that Santander Consumer USA Holdings Inc will post 1.96 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Tuesday, November 7th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Monday, November 6th. Santander Consumer USA’s payout ratio is 6.45%.

Several research firms have commented on SC. BTIG Research upped their price objective on Santander Consumer USA to $21.00 and gave the stock a “buy” rating in a research report on Monday. Goldman Sachs Group began coverage on Santander Consumer USA in a research report on Monday. They issued a “buy” rating and a $21.00 price objective on the stock. Zacks Investment Research upgraded Santander Consumer USA from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Thursday, November 2nd. J P Morgan Chase & Co upped their price objective on Santander Consumer USA from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Finally, Jefferies Group upped their price objective on Santander Consumer USA from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. 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 assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $17.50.

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About Santander Consumer USA

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.

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

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