Northern Trust Corp Has $11.52 Million Position in Santander Consumer USA Holdings Inc. (NYSE:SC)

Northern Trust Corp boosted its stake in Santander Consumer USA Holdings Inc. (NYSE:SC) by 11.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 902,749 shares of the financial services provider’s stock after acquiring an additional 91,747 shares during the quarter. Northern Trust Corp owned 0.25% of Santander Consumer USA Holdings worth $11,518,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. boosted its stake in Santander Consumer USA Holdings by 28.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 61,932 shares of the financial services provider’s stock worth $790,000 after purchasing an additional 13,748 shares during the last quarter. Rafferty Asset Management LLC boosted its position in shares of Santander Consumer USA Holdings by 14.5% during the 2nd quarter. Rafferty Asset Management LLC now owns 21,898 shares of the financial services provider’s stock valued at $279,000 after acquiring an additional 2,780 shares during the last quarter. Thrivent Financial For Lutherans acquired a new position in shares of Santander Consumer USA Holdings during the 2nd quarter valued at about $4,670,000. Laurion Capital Management LP acquired a new position in shares of Santander Consumer USA Holdings during the 2nd quarter valued at about $302,000. Finally, Stevens Capital Management LP acquired a new position in shares of Santander Consumer USA Holdings during the 2nd quarter valued at about $521,000. 91.53% of the stock is currently owned by hedge funds and other institutional investors.

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SC has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Santander Consumer USA Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Citigroup Inc. upped their target price on shares of Santander Consumer USA Holdings from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Stephens restated an “equal weight” rating and set a $14.00 target price on shares of Santander Consumer USA Holdings in a research note on Friday, August 25th. BidaskClub lowered shares of Santander Consumer USA Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Finally, Piper Jaffray Companies raised Santander Consumer USA Holdings from a “neutral” rating to an “overweight” rating and upped their price target for the company from $14.00 to $17.00 in a report on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $17.00.

Shares of Santander Consumer USA Holdings Inc. (NYSE SC) opened at $15.93 on Tuesday. Santander Consumer USA Holdings Inc. has a 52 week low of $11.12 and a 52 week high of $17.05. The stock has a market capitalization of $5,823.94, a PE ratio of 9.25 and a beta of 1.32.

Santander Consumer USA Holdings (NYSE:SC) last issued its quarterly earnings results on Friday, October 27th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.13. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.11 billion. Santander Consumer USA Holdings had a return on equity of 11.33% and a net margin of 10.17%. The firm’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period last year, the company earned $0.56 EPS. research analysts anticipate that Santander Consumer USA Holdings Inc. will post 1.95 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Tuesday, November 7th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $0.12 annualized dividend and a dividend yield of 0.75%. Santander Consumer USA Holdings’s payout ratio is currently 6.45%.

Santander Consumer USA Holdings Company Profile

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 Holdings (NYSE:SC)

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