Santander Consumer USA Holdings Inc (SC) is Canyon Capital Advisors LLC’s 10th Largest Position

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Canyon Capital Advisors LLC raised its stake in Santander Consumer USA Holdings Inc (NYSE:SC) by 23.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,778,026 shares of the financial services provider’s stock after buying an additional 1,291,279 shares during the period. Santander Consumer USA comprises about 2.8% of Canyon Capital Advisors LLC’s investment portfolio, making the stock its 10th biggest position. Canyon Capital Advisors LLC owned 1.89% of Santander Consumer USA worth $119,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of SC. Legal & General Group Plc boosted its stake in shares of Santander Consumer USA by 1.2% in the 4th quarter. Legal & General Group Plc now owns 496,730 shares of the financial services provider’s stock valued at $8,738,000 after purchasing an additional 5,764 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Santander Consumer USA by 2.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,223,534 shares of the financial services provider’s stock valued at $21,522,000 after purchasing an additional 27,518 shares in the last quarter. Windacre Partnership LLC boosted its stake in shares of Santander Consumer USA by 107.8% in the 4th quarter. Windacre Partnership LLC now owns 10,214,100 shares of the financial services provider’s stock valued at $179,666,000 after purchasing an additional 5,299,400 shares in the last quarter. Philadelphia Financial Management of San Francisco LLC boosted its stake in shares of Santander Consumer USA by 17.1% in the 4th quarter. Philadelphia Financial Management of San Francisco LLC now owns 1,055,488 shares of the financial services provider’s stock valued at $18,566,000 after purchasing an additional 154,010 shares in the last quarter. Finally, Requisite Energy Fund I LP purchased a new stake in shares of Santander Consumer USA in the 4th quarter valued at $4,685,000.

Shares of SC opened at $20.86 on Friday. The firm has a market cap of $7.28 billion, a price-to-earnings ratio of 8.21, a PEG ratio of 0.43 and a beta of 1.13. Santander Consumer USA Holdings Inc has a twelve month low of $15.55 and a twelve month high of $21.81.

Santander Consumer USA (NYSE:SC) last announced its quarterly earnings results on Wednesday, January 30th. The financial services provider reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.08). The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Santander Consumer USA had a net margin of 13.00% and a return on equity of 13.08%. The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 EPS. As a group, equities research analysts expect that Santander Consumer USA Holdings Inc will post 2.62 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 21st. Shareholders of record on Monday, February 11th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, February 8th. This represents a $0.80 annualized dividend and a yield of 3.84%. Santander Consumer USA’s dividend payout ratio (DPR) is presently 31.50%.

In other Santander Consumer USA news, insider Richard Morrin sold 17,546 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $20.65, for a total value of $362,324.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sunil Sajnani sold 5,946 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $20.83, for a total transaction of $123,855.18. Following the completion of the transaction, the insider now owns 20,802 shares of the company’s stock, valued at $433,305.66. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

A number of brokerages have recently issued reports on SC. Zacks Investment Research raised shares of Santander Consumer USA from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Friday, January 11th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $20.00 price target on shares of Santander Consumer USA in a research report on Wednesday, January 16th. Finally, Santander cut shares of Santander Consumer USA to an “underweight” rating in a research report on Wednesday, January 16th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $24.00.

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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.

See Also: Why does a company issue an IPO?

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

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