California State Teachers Retirement System cut its stake in Santander Consumer USA Holdings Inc (NYSE:SC) by 6.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 256,152 shares of the financial services provider’s stock after selling 16,211 shares during the period. California State Teachers Retirement System owned 0.07% of Santander Consumer USA worth $3,937,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of SC. Sei Investments Co. lifted its holdings in shares of Santander Consumer USA by 6.1% during the second quarter. Sei Investments Co. now owns 9,622 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 555 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Santander Consumer USA by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,577 shares of the financial services provider’s stock worth $135,000 after acquiring an additional 717 shares during the last quarter. Federated Investors Inc. PA raised its holdings in Santander Consumer USA by 134.9% in the 2nd quarter. Federated Investors Inc. PA now owns 11,605 shares of the financial services provider’s stock worth $148,000 after acquiring an additional 6,665 shares during the last quarter. Numeric Investors LLC purchased a new position in Santander Consumer USA in the 2nd quarter worth approximately $189,000. Finally, OxFORD Asset Management LLP purchased a new position in Santander Consumer USA in the 3rd quarter worth approximately $190,000. Institutional investors and hedge funds own 91.90% of the company’s stock.

A number of research firms have commented on SC. Citigroup lifted their target price on shares of Santander Consumer USA from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Zacks Investment Research downgraded shares of Santander Consumer USA from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Oppenheimer began coverage on shares of Santander Consumer USA in a research report on Monday, January 8th. They set a “hold” rating for the company. JPMorgan Chase & Co. raised shares of 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. Finally, Barclays set a $15.00 price objective on shares of Santander Consumer USA and gave the company a “hold” rating in a research report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $18.29.

Shares of Santander Consumer USA Holdings Inc (SC) traded down $0.07 during trading on Monday, reaching $18.62. 2,110,000 shares of the company traded hands, compared to its average volume of 1,800,000. The company has a market cap of $6,700.00, a P/E ratio of 10.01, a P/E/G ratio of 4.40 and a beta of 1.32. Santander Consumer USA Holdings Inc has a one year low of $11.12 and a one year high of $19.02.

Santander Consumer USA (NYSE:SC) last announced its quarterly earnings results on Friday, October 27th. The financial services provider reported $0.48 EPS for the quarter, topping the consensus estimate of $0.35 by $0.13. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Santander Consumer USA had a net margin of 10.17% and a return on equity of 11.33%. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.56 EPS. equities research analysts expect that Santander Consumer USA Holdings Inc will post 1.93 EPS for the current year.

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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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