Dupont Capital Management Corp Takes $1.54 Million Position in Santander Consumer USA Holdings Inc (SC)
Dupont Capital Management Corp purchased a new position in shares of Santander Consumer USA Holdings Inc (NYSE:SC) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 76,900 shares of the financial services provider’s stock, valued at approximately $1,541,000.
Other institutional investors also recently added to or reduced their stakes in the company. Macquarie Group Ltd. acquired a new position in shares of Santander Consumer USA during the second quarter worth $118,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Santander Consumer USA in the second quarter valued at $124,000. Rehmann Capital Advisory Group raised its holdings in Santander Consumer USA by 366.0% in the second quarter. Rehmann Capital Advisory Group now owns 8,276 shares of the financial services provider’s stock valued at $158,000 after acquiring an additional 6,500 shares in the last quarter. Meeder Asset Management Inc. increased its stake in Santander Consumer USA by 253.8% during the second quarter. Meeder Asset Management Inc. now owns 8,948 shares of the financial services provider’s stock valued at $171,000 after purchasing an additional 6,419 shares during the last quarter. Finally, Advisors Preferred LLC increased its stake in Santander Consumer USA by 466.5% during the second quarter. Advisors Preferred LLC now owns 9,370 shares of the financial services provider’s stock valued at $179,000 after purchasing an additional 7,716 shares during the last quarter.
Several analysts have weighed in on the stock. TheStreet upgraded shares of Santander Consumer USA from a “c” rating to a “b-” rating in a research note on Wednesday, November 14th. Oppenheimer restated a “hold” rating on shares of Santander Consumer USA in a research report on Wednesday, October 31st. BMO Capital Markets upped their price target on shares of Santander Consumer USA from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, November 2nd. ValuEngine downgraded shares of Santander Consumer USA from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Finally, Zacks Investment Research raised shares of Santander Consumer USA from a “sell” rating to a “hold” rating in a report on Thursday, October 11th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Santander Consumer USA presently has an average rating of “Hold” and a consensus price target of $22.92.
Santander Consumer USA (NYSE:SC) last issued its earnings results on Wednesday, October 31st. The financial services provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.04. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.76 billion. Santander Consumer USA had a return on equity of 13.25% and a net margin of 20.54%. During the same quarter in the prior year, the company earned $0.55 EPS. As a group, analysts forecast that Santander Consumer USA Holdings Inc will post 2.65 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Saturday, November 10th were issued a $0.20 dividend. The ex-dividend date was Thursday, November 8th. This represents a $0.80 dividend on an annualized basis and a yield of 4.33%. Santander Consumer USA’s dividend payout ratio is currently 45.98%.
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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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