Santander Consumer USA Holdings Inc (SC) Holdings Decreased by Voya Investment Management LLC

Voya Investment Management LLC reduced its position in Santander Consumer USA Holdings Inc (NYSE:SC) by 33.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,886 shares of the financial services provider’s stock after selling 13,177 shares during the quarter. Voya Investment Management LLC’s holdings in Santander Consumer USA were worth $494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Santander Consumer USA in the second quarter worth approximately $124,000. Meeder Asset Management Inc. boosted its position in shares of Santander Consumer USA by 253.8% during the second quarter. Meeder Asset Management Inc. now owns 8,948 shares of the financial services provider’s stock worth $171,000 after acquiring an additional 6,419 shares during the last quarter. Advisors Preferred LLC boosted its position in shares of Santander Consumer USA by 466.5% during the second quarter. Advisors Preferred LLC now owns 9,370 shares of the financial services provider’s stock worth $179,000 after acquiring an additional 7,716 shares during the last quarter. Cerebellum GP LLC bought a new position in shares of Santander Consumer USA during the second quarter worth $186,000. Finally, Engineers Gate Manager LP bought a new position in shares of Santander Consumer USA during the second quarter worth $204,000.

In related news, insider Lisa Vanroekel sold 8,819 shares of the company’s stock in a transaction on Monday, July 30th. The shares were sold at an average price of $19.61, for a total transaction of $172,940.59. Following the sale, the insider now owns 25,640 shares of the company’s stock, valued at $502,800.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.09% of the stock is owned by corporate insiders.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Santander Consumer USA from a “sell” rating to a “hold” rating in a research report on Thursday, October 11th. ValuEngine lowered shares of Santander Consumer USA from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. UBS Group upped their target price on shares of Santander Consumer USA from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, July 26th. Morgan Stanley upped their target price on shares of Santander Consumer USA from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 26th. Finally, Oppenheimer restated a “hold” rating on shares of Santander Consumer USA in a research report on Wednesday, July 25th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Santander Consumer USA presently has a consensus rating of “Buy” and a consensus price target of $22.25.

Santander Consumer USA stock opened at $19.12 on Wednesday. The firm has a market cap of $7.25 billion, a P/E ratio of 10.84, a price-to-earnings-growth ratio of 0.97 and a beta of 1.12. Santander Consumer USA Holdings Inc has a 52-week low of $14.75 and a 52-week high of $21.81.

Santander Consumer USA (NYSE:SC) last released its quarterly earnings results on Wednesday, July 25th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.18. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.66 billion. Santander Consumer USA had a net margin of 20.57% and a return on equity of 13.00%. During the same quarter in the prior year, the firm earned $0.74 earnings per share. As a group, equities analysts forecast that Santander Consumer USA Holdings Inc will post 2.58 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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