Norges Bank Acquires New Stake in Santander Consumer USA Holdings Inc. (NYSE:SC)

Norges Bank acquired a new stake in Santander Consumer USA Holdings Inc. (NYSE:SC) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 954,869 shares of the financial services provider’s stock, valued at approximately $21,026,000. Norges Bank owned about 0.31% of Santander Consumer USA as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. UBS Asset Management Americas Inc. raised its stake in Santander Consumer USA by 24.5% in the 4th quarter. UBS Asset Management Americas Inc. now owns 93,190 shares of the financial services provider’s stock valued at $2,052,000 after purchasing an additional 18,345 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Santander Consumer USA in the 4th quarter valued at $209,000. Hsbc Holdings PLC acquired a new position in Santander Consumer USA in the 4th quarter valued at $1,197,000. JPMorgan Chase & Co. raised its stake in Santander Consumer USA by 6.4% in the 4th quarter. JPMorgan Chase & Co. now owns 145,457 shares of the financial services provider’s stock valued at $3,203,000 after purchasing an additional 8,771 shares during the last quarter. Finally, Truist Financial Corp acquired a new position in Santander Consumer USA in the 4th quarter valued at $509,000.

NYSE SC opened at $30.49 on Friday. The stock has a market cap of $9.33 billion, a PE ratio of 17.94 and a beta of 1.15. The company has a current ratio of 59.10, a quick ratio of 59.10 and a debt-to-equity ratio of 8.12. Santander Consumer USA Holdings Inc. has a twelve month low of $12.32 and a twelve month high of $31.49. The stock has a fifty day simple moving average of $27.88 and a 200-day simple moving average of $23.94.

Santander Consumer USA (NYSE:SC) last posted its earnings results on Tuesday, February 2nd. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.57. Santander Consumer USA had a return on equity of 9.54% and a net margin of 6.66%. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the prior year, the company earned $0.43 EPS. Research analysts predict that Santander Consumer USA Holdings Inc. will post 2.28 EPS for the current year.

The company also recently announced a None dividend, which was paid on Wednesday, March 31st. Investors of record on Monday, March 29th were paid a dividend of $0.22 per share. This represents a yield of 3.3%. The ex-dividend date of this dividend was Friday, March 26th. Santander Consumer USA’s payout ratio is 30.77%.

Several brokerages have issued reports on SC. The Goldman Sachs Group cut Santander Consumer USA from a “neutral” rating to a “sell” rating and set a $21.00 target price for the company. in a report on Thursday, January 7th. Zacks Investment Research cut Santander Consumer USA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 7th. JPMorgan Chase & Co. upped their target price on Santander Consumer USA from $27.00 to $29.00 in a report on Thursday, April 15th. Barclays upped their target price on Santander Consumer USA from $23.00 to $26.00 in a report on Thursday, February 4th. Finally, Compass Point upgraded Santander Consumer USA from a “neutral” rating to a “buy” rating and upped their target price for the company from $27.00 to $34.00 in a report on Monday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $27.45.

In related news, insider Christopher Keith Pfirrman sold 15,277 shares of the stock in a transaction dated Tuesday, February 9th. The stock was sold at an average price of $25.79, for a total transaction of $393,993.83. Following the transaction, the insider now owns 39,531 shares of the company’s stock, valued at approximately $1,019,504.49. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

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. It offers vehicle financial products and services, including retail installment contracts and vehicle leases, as well as dealer loans for inventory, construction, real estate, working capital, and revolving lines of credit.

Read More: Resistance Level

Want to see what other hedge funds are holding SC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Santander Consumer USA Holdings Inc. (NYSE:SC).

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

Receive News & Ratings for Santander Consumer USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Santander Consumer USA and related companies with MarketBeat.com's FREE daily email newsletter.