Santander Consumer USA Holdings Inc. (SC) Position Lowered by BlackRock Inc.

Santander Consumer USA Holdings Inc. (SC) Position Lowered by BlackRock Inc.

BlackRock Inc. lowered its position in shares of Santander Consumer USA Holdings Inc. (NYSE:SC) by 1.5% during the third quarter, Holdings Channel reports. The fund owned 39,181 shares of the company’s stock after selling 577 shares during the period. BlackRock Inc.’s holdings in Santander Consumer USA Holdings were worth $476,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IBM Retirement Fund bought a new stake in shares of Santander Consumer USA Holdings during the second quarter valued at approximately $110,000. State Board of Administration of Florida Retirement System raised its stake in shares of Santander Consumer USA Holdings by 24.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 69,521 shares of the company’s stock valued at $718,000 after buying an additional 13,688 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Santander Consumer USA Holdings by 57.1% in the second quarter. UBS Asset Management Americas Inc. now owns 45,736 shares of the company’s stock valued at $473,000 after buying an additional 16,624 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Santander Consumer USA Holdings by 11.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,167,199 shares of the company’s stock valued at $12,058,000 after buying an additional 121,788 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Santander Consumer USA Holdings by 15.3% in the second quarter. Principal Financial Group Inc. now owns 20,447 shares of the company’s stock valued at $211,000 after buying an additional 2,709 shares in the last quarter. 33.37% of the stock is currently owned by institutional investors.

Shares of Santander Consumer USA Holdings Inc. (NYSE:SC) traded down 0.62% during trading on Friday, reaching $12.75. 663,107 shares of the company traded hands. Santander Consumer USA Holdings Inc. has a 52 week low of $8.54 and a 52 week high of $15.07. The company has a market capitalization of $4.57 billion, a P/E ratio of 5.99 and a beta of 1.23. The company’s 50-day moving average price is $13.73 and its 200-day moving average price is $12.59.

Santander Consumer USA Holdings (NYSE:SC) last posted its earnings results on Wednesday, January 25th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.13. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.61 billion. Santander Consumer USA Holdings had a net margin of 11.52% and a return on equity of 15.85%. Santander Consumer USA Holdings’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.19 EPS. Equities research analysts forecast that Santander Consumer USA Holdings Inc. will post $2.26 EPS for the current fiscal year.

Several analysts have commented on SC shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Santander Consumer USA Holdings in a research report on Friday, September 30th. Zacks Investment Research raised shares of Santander Consumer USA Holdings from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Tuesday, October 4th. Stephens began coverage on shares of Santander Consumer USA Holdings in a research report on Tuesday, November 1st. They issued an “equal weight” rating and a $14.00 price objective on the stock. Barclays PLC set a $11.00 target price on shares of Santander Consumer USA Holdings and gave the stock a “hold” rating in a research note on Monday, November 14th. Finally, Morgan Stanley reiterated a “weight” rating on shares of Santander Consumer USA Holdings in a research note on Tuesday, December 20th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $15.10.

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’s segment, Consumer Finance, includes its 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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