Harvest Capital Strategies LLC lifted its stake in shares of Santander Consumer USA Holdings Inc (NYSE:SC) by 9.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 873,348 shares of the financial services provider’s stock after purchasing an additional 73,348 shares during the quarter. Santander Consumer USA comprises 2.8% of Harvest Capital Strategies LLC’s portfolio, making the stock its 7th largest position. Harvest Capital Strategies LLC owned approximately 0.24% of Santander Consumer USA worth $16,262,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Schroder Investment Management Group grew its holdings in Santander Consumer USA by 466.8% in the 4th quarter. Schroder Investment Management Group now owns 1,669,492 shares of the financial services provider’s stock worth $31,086,000 after buying an additional 1,374,957 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Santander Consumer USA in the 4th quarter worth approximately $21,390,000. Renaissance Technologies LLC grew its holdings in Santander Consumer USA by 269.8% in the 4th quarter. Renaissance Technologies LLC now owns 1,542,300 shares of the financial services provider’s stock worth $28,718,000 after buying an additional 1,125,200 shares in the last quarter. Monarch Partners Asset Management LLC bought a new position in Santander Consumer USA in the 4th quarter worth approximately $19,629,000. Finally, Bank of Montreal Can grew its holdings in Santander Consumer USA by 29,352.0% in the 4th quarter. Bank of Montreal Can now owns 922,438 shares of the financial services provider’s stock worth $17,176,000 after buying an additional 919,306 shares in the last quarter.
A number of brokerages recently issued reports on SC. Zacks Investment Research lowered Santander Consumer USA from a “hold” rating to a “sell” rating in a report on Friday, March 2nd. Goldman Sachs Group lowered Santander Consumer USA from a “buy” rating to a “neutral” rating and decreased their price target for the company from $22.00 to $19.00 in a research note on Monday, February 26th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $25.00 price target on shares of Santander Consumer USA in a research note on Thursday, February 1st. BTIG Research increased their price target on Santander Consumer USA to $21.00 and gave the company a “buy” rating in a research note on Monday, December 4th. Finally, Morgan Stanley increased their price target on Santander Consumer USA from $18.00 to $19.50 and gave the company an “equal weight” rating in a research note on Thursday, February 1st. Two analysts have rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $18.77.
Santander Consumer USA (NYSE:SC) last released its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.03). The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.58 billion. Santander Consumer USA had a return on equity of 11.37% and a net margin of 18.09%. During the same period in the prior year, the business earned $0.17 earnings per share. sell-side analysts anticipate that Santander Consumer USA Holdings Inc will post 1.99 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Monday, February 12th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, February 9th. This is a positive change from Santander Consumer USA’s previous quarterly dividend of $0.03. This represents a $0.20 annualized dividend and a dividend yield of 1.16%. Santander Consumer USA’s dividend payout ratio (DPR) is currently 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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