Riverhead Capital Management LLC Acquires 23,889 Shares of Santander Consumer USA Holdings Inc (NYSE:SC)

Riverhead Capital Management LLC lifted its holdings in shares of Santander Consumer USA Holdings Inc (NYSE:SC) by 9.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 273,896 shares of the financial services provider’s stock after buying an additional 23,889 shares during the period. Riverhead Capital Management LLC’s holdings in Santander Consumer USA were worth $5,787,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. FMR LLC raised its holdings in shares of Santander Consumer USA by 5.0% in the 4th quarter. FMR LLC now owns 13,471,613 shares of the financial services provider’s stock worth $236,966,000 after purchasing an additional 645,255 shares in the last quarter. Windacre Partnership LLC grew its position in Santander Consumer USA by 107.8% in the fourth quarter. Windacre Partnership LLC now owns 10,214,100 shares of the financial services provider’s stock worth $179,666,000 after acquiring an additional 5,299,400 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Santander Consumer USA by 4.2% in the first quarter. Dimensional Fund Advisors LP now owns 6,857,233 shares of the financial services provider’s stock worth $144,890,000 after acquiring an additional 278,037 shares in the last quarter. Canyon Capital Advisors LLC grew its position in Santander Consumer USA by 23.5% in the fourth quarter. Canyon Capital Advisors LLC now owns 6,778,026 shares of the financial services provider’s stock worth $119,225,000 after acquiring an additional 1,291,279 shares in the last quarter. Finally, BlackRock Inc. grew its position in Santander Consumer USA by 2.0% in the first quarter. BlackRock Inc. now owns 5,157,271 shares of the financial services provider’s stock worth $108,973,000 after acquiring an additional 99,523 shares in the last quarter.

Shares of NYSE SC traded up $0.01 during trading hours on Thursday, hitting $23.35. 4,305 shares of the stock were exchanged, compared to its average volume of 1,089,720. The company has a market cap of $8.26 billion, a P/E ratio of 9.22, a P/E/G ratio of 1.27 and a beta of 1.00. Santander Consumer USA Holdings Inc has a one year low of $16.10 and a one year high of $23.55.

Santander Consumer USA (NYSE:SC) last posted its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.04. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.16 billion. Santander Consumer USA had a net margin of 12.56% and a return on equity of 12.95%. Santander Consumer USA’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 EPS. As a group, sell-side analysts anticipate that Santander Consumer USA Holdings Inc will post 2.65 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Friday, May 10th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.43%. The ex-dividend date was Thursday, May 9th. Santander Consumer USA’s dividend payout ratio is currently 31.50%.

In related news, insider Richard Morrin sold 17,422 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $21.22, for a total transaction of $369,694.84. Following the completion of the sale, the insider now directly owns 59,203 shares of the company’s stock, valued at approximately $1,256,287.66. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Sunil Sajnani sold 1,604 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of $20.32, for a total transaction of $32,593.28. Following the completion of the sale, the insider now directly owns 26,231 shares of the company’s stock, valued at $533,013.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,561 shares of company stock valued at $414,074. 0.09% of the stock is owned by insiders.

Several research firms have commented on SC. JPMorgan Chase & Co. raised shares of Santander Consumer USA from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $20.00 to $23.00 in a research report on Tuesday, April 16th. Buckingham Research began coverage on shares of Santander Consumer USA in a research report on Monday. They issued a “neutral” rating and a $24.00 target price for the company. Piper Jaffray Companies reissued a “neutral” rating and issued a $24.00 target price on shares of Santander Consumer USA in a research report on Monday, April 22nd. Finally, Compass Point downgraded shares of Santander Consumer USA from a “buy” rating to a “neutral” rating in a research report on Monday, May 6th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. Santander Consumer USA presently has a consensus rating of “Hold” and a consensus target price of $24.42.

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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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Institutional Ownership by Quarter for Santander Consumer USA (NYSE:SC)

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