Brandywine Global Investment Management LLC lowered its stake in Santander Consumer USA Holdings Inc (NYSE:SC) by 12.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,445,082 shares of the financial services provider’s stock after selling 472,834 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.96% of Santander Consumer USA worth $60,599,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. First Mercantile Trust Co. raised its stake in Santander Consumer USA by 105.6% during the 4th quarter. First Mercantile Trust Co. now owns 2,940 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 1,510 shares during the period. Enlightenment Research LLC bought a new stake in Santander Consumer USA during the 4th quarter valued at approximately $56,000. Quantamental Technologies LLC bought a new stake in Santander Consumer USA during the 4th quarter valued at approximately $84,000. Point72 Hong Kong Ltd bought a new stake in Santander Consumer USA during the 3rd quarter valued at approximately $120,000. Finally, Regentatlantic Capital LLC bought a new stake in Santander Consumer USA during the 4th quarter valued at approximately $209,000.
Several analysts recently issued reports on the company. Zacks Investment Research downgraded Santander Consumer USA from a “buy” rating to a “hold” rating in a research note on Friday, January 18th. Santander downgraded Santander Consumer USA to an “underweight” rating in a research note on Wednesday, January 16th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $20.00 target price on shares of Santander Consumer USA in a research note on Wednesday, January 16th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $24.00.
NYSE SC opened at $21.28 on Friday. The company has a market cap of $7.48 billion, a price-to-earnings ratio of 8.38, a PEG ratio of 0.42 and a beta of 1.13. Santander Consumer USA Holdings Inc has a 1-year low of $15.55 and a 1-year high of $21.81.
Santander Consumer USA (NYSE:SC) last released its quarterly earnings results on Wednesday, January 30th. The financial services provider reported $0.29 earnings per share for the quarter, missing the 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 business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 EPS. As a group, equities research analysts expect that Santander Consumer USA Holdings Inc will post 2.63 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 21st. Shareholders of record on Monday, February 11th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.76%. The ex-dividend date was Friday, February 8th. Santander Consumer USA’s dividend payout ratio is presently 31.50%.
In other Santander Consumer USA news, insider Sunil Sajnani sold 5,946 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $433,305.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard Morrin sold 17,546 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $20.65, for a total value of $362,324.90. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.
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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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