Santander Consumer USA Holdings Inc (NYSE:SC) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lowered its position in Santander Consumer USA Holdings Inc (NYSE:SC) by 67.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,766 shares of the financial services provider’s stock after selling 69,413 shares during the period. Voya Investment Management LLC’s holdings in Santander Consumer USA were worth $836,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of SC. Tower Research Capital LLC TRC purchased a new stake in shares of Santander Consumer USA during the third quarter worth about $116,000. First Trust Advisors LP grew its position in Santander Consumer USA by 28.6% during the 3rd quarter. First Trust Advisors LP now owns 1,190,925 shares of the financial services provider’s stock worth $30,380,000 after purchasing an additional 265,209 shares during the last quarter. Hanseatic Management Services Inc. purchased a new position in Santander Consumer USA during the 3rd quarter worth $584,000. MorganRosel Wealth Management LLC purchased a new position in Santander Consumer USA during the 3rd quarter worth $684,000. Finally, California Public Employees Retirement System grew its position in Santander Consumer USA by 19.4% during the 3rd quarter. California Public Employees Retirement System now owns 392,513 shares of the financial services provider’s stock worth $10,013,000 after purchasing an additional 63,762 shares during the last quarter.

SC stock opened at $23.70 on Friday. Santander Consumer USA Holdings Inc has a one year low of $16.10 and a one year high of $27.75. The stock has a market capitalization of $7.87 billion, a PE ratio of 9.33, a price-to-earnings-growth ratio of 1.62 and a beta of 1.00. The company has a fifty day moving average of $24.16 and a 200-day moving average of $24.96.

Santander Consumer USA (NYSE:SC) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.67 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.67. Santander Consumer USA had a net margin of 12.33% and a return on equity of 13.20%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the business earned $0.64 EPS. The business’s revenue was up 4.7% on a year-over-year basis. Equities research analysts forecast that Santander Consumer USA Holdings Inc will post 2.83 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Tuesday, November 12th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.71%. The ex-dividend date was Friday, November 8th. Santander Consumer USA’s dividend payout ratio (DPR) is 34.65%.

Several research analysts have issued reports on SC shares. ValuEngine downgraded shares of Santander Consumer USA from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. UBS Group downgraded shares of Santander Consumer USA from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $22.00 to $26.00 in a research report on Monday, November 4th. Stephens downgraded shares of Santander Consumer USA from an “equal” rating to a “weight” rating and lowered their price objective for the stock from $25.00 to $23.00 in a research report on Monday, September 9th. Santander downgraded shares of Santander Consumer USA from an “equal weight” rating to an “underweight” rating in a research report on Monday, September 9th. Finally, Zacks Investment Research downgraded shares of Santander Consumer USA from a “hold” rating to a “sell” rating in a research report on Saturday, October 5th. Three investment analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Santander Consumer USA presently has an average rating of “Hold” and an average target price of $25.00.

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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