Deseret Mutual Benefit Administrators Decreases Stake in Santander Consumer USA Holdings Inc. (NYSE:SC)

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Deseret Mutual Benefit Administrators reduced its stake in shares of Santander Consumer USA Holdings Inc. (NYSE:SC) by 50.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 663 shares of the financial services provider’s stock after selling 679 shares during the period. Deseret Mutual Benefit Administrators’ holdings in Santander Consumer USA were worth $28,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of SC. Metropolitan Life Insurance Co NY acquired a new position in shares of Santander Consumer USA during the 2nd quarter worth $45,000. Advisory Services Network LLC acquired a new position in shares of Santander Consumer USA during the 2nd quarter worth $48,000. Federated Hermes Inc. acquired a new position in shares of Santander Consumer USA during the 2nd quarter worth $48,000. Harvest Fund Management Co. Ltd raised its stake in shares of Santander Consumer USA by 144.4% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 1,474 shares of the financial services provider’s stock worth $53,000 after buying an additional 871 shares during the last quarter. Finally, Denali Advisors LLC raised its stake in shares of Santander Consumer USA by 24.8% during the 2nd quarter. Denali Advisors LLC now owns 1,509 shares of the financial services provider’s stock worth $55,000 after buying an additional 300 shares during the last quarter. Institutional investors own 99.40% of the company’s stock.

NYSE SC opened at $42.02 on Friday. Santander Consumer USA Holdings Inc. has a 12 month low of $20.57 and a 12 month high of $42.87. The company has a 50-day moving average of $41.97 and a 200-day moving average of $41.15. The company has a debt-to-equity ratio of 4.84, a current ratio of 58.64 and a quick ratio of 58.64. The company has a market cap of $12.86 billion, a P/E ratio of 4.18, a P/E/G ratio of 0.22 and a beta of 1.02.

Santander Consumer USA (NYSE:SC) last posted its quarterly earnings data on Wednesday, October 27th. The financial services provider reported $2.49 EPS for the quarter, beating the Zacks’ consensus estimate of $1.92 by $0.57. Santander Consumer USA had a net margin of 38.91% and a return on equity of 45.67%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the company posted $1.58 EPS. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Santander Consumer USA Holdings Inc. will post 9.62 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 9th. Stockholders of record on Monday, November 29th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date was Friday, November 26th. Santander Consumer USA’s payout ratio is currently 8.75%.

Several research analysts have recently issued reports on the company. Zacks Investment Research raised Santander Consumer USA from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research note on Wednesday. Barclays boosted their target price on shares of Santander Consumer USA from $39.00 to $41.00 and gave the company an “equal weight” rating in a research note on Monday, October 11th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Santander Consumer USA presently has an average rating of “Hold” and an average target price of $37.73.

Santander Consumer USA Company Profile

Santander Consumer USA Holdings, Inc engages in the provision of consumer financing services. It offers retail installment contracts, vehicle leases, dealer loans, financial products, and services related to motorcycles, motor car, and marine vehicles. The company was founded in July 2013 and is headquartered in Dallas, TX.

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