NewSquare Capital LLC Purchases 645 Shares of Santander Consumer USA Holdings Inc (NYSE:SC)

NewSquare Capital LLC lifted its position in Santander Consumer USA Holdings Inc (NYSE:SC) by 36.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,435 shares of the financial services provider’s stock after purchasing an additional 645 shares during the period. NewSquare Capital LLC’s holdings in Santander Consumer USA were worth $62,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Artemis Investment Management LLP lifted its position in Santander Consumer USA by 4.8% during the third quarter. Artemis Investment Management LLP now owns 409,320 shares of the financial services provider’s stock valued at $10,176,000 after buying an additional 18,658 shares during the period. Atria Investments LLC purchased a new position in Santander Consumer USA during the second quarter valued at $313,000. Maltese Capital Management LLC purchased a new position in shares of Santander Consumer USA in the 2nd quarter worth about $3,273,000. Royal Bank of Canada raised its position in shares of Santander Consumer USA by 53.3% in the 2nd quarter. Royal Bank of Canada now owns 3,701 shares of the financial services provider’s stock worth $89,000 after purchasing an additional 1,287 shares during the last quarter. Finally, UBS Group AG raised its position in shares of Santander Consumer USA by 46.0% in the 2nd quarter. UBS Group AG now owns 627,927 shares of the financial services provider’s stock worth $15,046,000 after purchasing an additional 197,985 shares during the last quarter.

Several equities analysts have recently issued reports on SC shares. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Santander Consumer USA in a research report on Wednesday, July 17th. Susquehanna Bancshares reiterated a “neutral” rating on shares of Santander Consumer USA in a report on Thursday, June 20th. Zacks Investment Research downgraded Santander Consumer USA from a “hold” rating to a “sell” rating in a report on Saturday, October 5th. BTIG Research downgraded Santander Consumer USA from a “buy” rating to a “neutral” rating in a report on Wednesday, July 24th. They noted that the move was a valuation call. Finally, Buckingham Research set a $25.00 price objective on Santander Consumer USA and gave the stock a “hold” rating in a report on Monday, July 1st. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. Santander Consumer USA presently has a consensus rating of “Hold” and an average price target of $25.13.

In other Santander Consumer USA news, insider Christopher Keith Pfirrman sold 30,000 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $27.41, for a total transaction of $822,300.00. Following the completion of the sale, the insider now directly owns 46,361 shares in the company, valued at approximately $1,270,755.01. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

NYSE SC traded down $0.13 during trading hours on Wednesday, hitting $25.32. The company’s stock had a trading volume of 4,161 shares, compared to its average volume of 909,958. Santander Consumer USA Holdings Inc has a 12 month low of $16.10 and a 12 month high of $27.75. The company’s 50 day simple moving average is $25.77 and its two-hundred day simple moving average is $24.22. The company has a market cap of $8.76 billion, a P/E ratio of 9.96, a price-to-earnings-growth ratio of 0.75 and a beta of 1.03.

Santander Consumer USA (NYSE:SC) last released its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.05 EPS for the quarter, topping the consensus estimate of $0.90 by $0.15. Santander Consumer USA had a return on equity of 13.29% and a net margin of 12.60%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the company earned $0.92 EPS. Santander Consumer USA’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities analysts predict that Santander Consumer USA Holdings Inc will post 2.81 EPS for the current year.

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

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