Santander Consumer USA Holdings Inc (NYSE:SC) Stake Lowered by Picton Mahoney Asset Management

Picton Mahoney Asset Management lessened its position in shares of Santander Consumer USA Holdings Inc (NYSE:SC) by 41.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 678,582 shares of the financial services provider’s stock after selling 477,918 shares during the quarter. Picton Mahoney Asset Management owned 0.19% of Santander Consumer USA worth $13,599,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SC. Macquarie Group Ltd. purchased a new position in Santander Consumer USA in the second quarter worth approximately $118,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Santander Consumer USA in the 2nd quarter valued at $124,000. Rehmann Capital Advisory Group lifted its stake in Santander Consumer USA by 366.0% during the 2nd 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. lifted its stake in Santander Consumer USA by 253.8% during the 2nd quarter. Meeder Asset Management Inc. now owns 8,948 shares of the financial services provider’s stock valued at $171,000 after acquiring an additional 6,419 shares in the last quarter. Finally, Advisors Preferred LLC raised its stake in shares of Santander Consumer USA by 466.5% during the 2nd quarter. Advisors Preferred LLC now owns 9,370 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 7,716 shares during the period.

Shares of NYSE SC traded down $0.22 during mid-day trading on Thursday, hitting $18.86. The company had a trading volume of 34,440 shares, compared to its average volume of 1,977,546. The stock has a market cap of $6.80 billion, a P/E ratio of 10.82, a PEG ratio of 0.38 and a beta of 1.08. 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 announced its quarterly earnings data on Wednesday, October 31st. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.04. Santander Consumer USA had a return on equity of 13.25% and a net margin of 20.54%. The business had revenue of $1.82 billion for the quarter, compared to badysts’ expectations of $1.76 billion. During the same period last year, the firm earned $0.55 earnings per share. As a group, sell-side badysts expect that Santander Consumer USA Holdings Inc will post 2.62 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Saturday, November 10th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.80 annualized dividend and a dividend yield of 4.24%. Santander Consumer USA’s dividend payout ratio is currently 45.98%.

A number of brokerages recently issued reports on SC. ValuEngine cut Santander Consumer USA from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Oppenheimer reissued a “hold” rating on shares of Santander Consumer USA in a report on Wednesday, October 31st. Zacks Investment Research upgraded Santander Consumer USA from a “sell” rating to a “hold” rating in a research report on Thursday, October 11th. BMO Capital Markets lifted their target price on Santander Consumer USA from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, November 2nd. Finally, Susquehanna Bancshares set a $26.00 target price on Santander Consumer USA and gave the company a “buy” rating in a research report on Wednesday, July 25th. Nine research badysts have rated the stock with a hold rating and seven have badigned a buy rating to the company’s stock. Santander Consumer USA has a consensus rating of “Hold” and an average price target of $22.79.

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Santander Consumer USA 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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