California Public Employees Retirement System increased its position in shares of Santander Consumer USA Holdings Inc (NYSE:SC) by 5.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 619,395 shares of the financial services provider’s stock after buying an additional 34,429 shares during the period. California Public Employees Retirement System’s holdings in Santander Consumer USA were worth $11,533,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of SC. Alliancebernstein L.P. grew its stake in Santander Consumer USA by 19.4% in the second quarter. Alliancebernstein L.P. now owns 65,280 shares of the financial services provider’s stock valued at $833,000 after purchasing an additional 10,600 shares in the last quarter. Nationwide Fund Advisors grew its stake in Santander Consumer USA by 34.4% in the second quarter. Nationwide Fund Advisors now owns 32,042 shares of the financial services provider’s stock valued at $409,000 after purchasing an additional 8,210 shares in the last quarter. Northern Trust Corp grew its stake in Santander Consumer USA by 11.3% in the second quarter. Northern Trust Corp now owns 902,749 shares of the financial services provider’s stock valued at $11,518,000 after purchasing an additional 91,747 shares in the last quarter. Voya Investment Management LLC grew its stake in Santander Consumer USA by 27.1% in the second quarter. Voya Investment Management LLC now owns 41,351 shares of the financial services provider’s stock valued at $528,000 after purchasing an additional 8,804 shares in the last quarter. Finally, State Street Corp grew its stake in Santander Consumer USA by 16.4% in the second quarter. State Street Corp now owns 1,563,544 shares of the financial services provider’s stock valued at $19,951,000 after purchasing an additional 220,319 shares in the last quarter. Institutional investors and hedge funds own 94.88% of the company’s stock.
A number of research analysts have weighed in on the company. Oppenheimer began coverage on Santander Consumer USA in a research note on Monday, January 8th. They issued a “hold” rating for the company. Zacks Investment Research raised Santander Consumer USA from a “sell” rating to a “hold” rating in a research report on Saturday, January 13th. JPMorgan Chase & Co. raised Santander Consumer USA from a “neutral” rating to an “overweight” rating and cut their price objective for the company from $20.50 to $16.00 in a research report on Friday, January 12th. Barclays set a $18.00 price objective on Santander Consumer USA and gave the company a “hold” rating in a research report on Tuesday, December 12th. Finally, Goldman Sachs Group began coverage on Santander Consumer USA in a research report on Monday, December 4th. They issued a “buy” rating and a $21.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $18.77.
Santander Consumer USA (NYSE:SC) last released its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.03). The firm had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.58 billion. Santander Consumer USA had a return on equity of 11.78% and a net margin of 18.09%. During the same period in the previous year, the business posted $0.17 earnings per share. equities research analysts anticipate that Santander Consumer USA Holdings Inc will post 2.07 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Monday, February 12th were issued a dividend of $0.05 per share. This is a boost from Santander Consumer USA’s previous quarterly dividend of $0.03. This represents a $0.20 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Friday, February 9th. Santander Consumer USA’s dividend payout ratio (DPR) is presently 6.06%.
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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.
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