Public Employees Retirement System of Ohio Has $578,000 Stake in Santander Consumer USA Holdings Inc. (SC)

Public Employees Retirement System of Ohio lowered its position in Santander Consumer USA Holdings Inc. (NYSE:SC) by 17.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 45,327 shares of the financial services provider’s stock after selling 9,901 shares during the period. Public Employees Retirement System of Ohio’s holdings in Santander Consumer USA Holdings were worth $578,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Proxima Capital Management LLC grew its position in shares of Santander Consumer USA Holdings by 15.9% in the 2nd quarter. Proxima Capital Management LLC now owns 400,000 shares of the financial services provider’s stock worth $5,104,000 after buying an additional 55,000 shares during the last quarter. California State Teachers Retirement System grew its position in shares of Santander Consumer USA Holdings by 26.1% in the 2nd quarter. California State Teachers Retirement System now owns 272,363 shares of the financial services provider’s stock worth $3,475,000 after buying an additional 56,451 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Santander Consumer USA Holdings by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,577 shares of the financial services provider’s stock worth $135,000 after buying an additional 717 shares during the last quarter. Canyon Capital Advisors LLC grew its position in shares of Santander Consumer USA Holdings by 13.6% in the 2nd quarter. Canyon Capital Advisors LLC now owns 3,057,332 shares of the financial services provider’s stock worth $39,012,000 after buying an additional 367,102 shares during the last quarter. Finally, Point72 Europe London LLP purchased a new position in shares of Santander Consumer USA Holdings in the 2nd quarter worth approximately $3,681,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently issued reports on SC shares. JMP Securities raised shares of Santander Consumer USA Holdings from a “market perform” rating to an “outperform” rating and set a $16.00 price objective on the stock in a research report on Tuesday, July 18th. Jefferies Group LLC reissued a “buy” rating and set a $18.00 target price on shares of Santander Consumer USA Holdings in a research report on Friday, July 21st. BMO Capital Markets dropped their target price on shares of Santander Consumer USA Holdings from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Monday, July 31st. UBS AG reissued a “buy” rating and set a $15.00 target price (down previously from $15.50) on shares of Santander Consumer USA Holdings in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded shares of Santander Consumer USA Holdings from a “hold” rating to a “strong sell” rating in a report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $17.00.

Shares of Santander Consumer USA Holdings Inc. (NYSE SC) opened at $16.18 on Friday. The company has a market cap of $5,823.94, a PE ratio of 9.25 and a beta of 1.32. Santander Consumer USA Holdings Inc. has a 12-month low of $11.12 and a 12-month high of $17.05.

Santander Consumer USA Holdings (NYSE:SC) last announced its quarterly earnings data on Friday, October 27th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.13. Santander Consumer USA Holdings had a net margin of 10.17% and a return on equity of 11.33%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the firm posted $0.56 earnings per share. Santander Consumer USA Holdings’s quarterly revenue was down 4.9% on a year-over-year basis. research analysts expect that Santander Consumer USA Holdings Inc. will post 1.95 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Tuesday, November 7th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Monday, November 6th. Santander Consumer USA Holdings’s dividend payout ratio is currently 6.45%.

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Santander Consumer USA Holdings Company Profile

Santander Consumer USA Holdings Inc is the holding company for Santander Consumer USA Inc, and subsidiaries, a consumer finance company focused on vehicle finance and third party servicing. The Company operates through Consumer Finance segment. Its Consumer Finance business is focused on vehicle financial products and services, including retail installment contracts, vehicle leases, and dealer loans, as well as financial products and services related to motorcycles, recreational vehicles (RVs), and marine vehicles.

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

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