Verition Fund Management LLC reduced its position in shares of Santander Consumer USA Holdings Inc (NYSE:SC) by 2.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 154,714 shares of the financial services provider’s stock after selling 3,105 shares during the quarter. Verition Fund Management LLC’s holdings in Santander Consumer USA were worth $2,953,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Macquarie Group Ltd. acquired a new position in shares of Santander Consumer USA in the second quarter worth $118,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Santander Consumer USA in the second quarter worth $124,000. Meeder Asset Management Inc. increased its stake in shares of Santander Consumer USA by 253.8% in 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 increased its stake in shares of Santander Consumer USA by 466.5% in 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. Finally, Cerebellum GP LLC acquired a new position in shares of Santander Consumer USA in the second quarter worth $186,000.

Santander Consumer USA stock opened at $21.21 on Tuesday. The firm has a market cap of $7.78 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 1.04 and a beta of 1.10. Santander Consumer USA Holdings Inc has a one year low of $14.24 and a one year high of $21.81.

Santander Consumer USA (NYSE:SC) last posted its earnings results on Wednesday, July 25th. The financial services provider reported $0.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.18. The firm 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 period in the prior year, the business posted $0.74 earnings per share. equities analysts anticipate that Santander Consumer USA Holdings Inc will post 2.58 EPS for the current fiscal year.

In other Santander Consumer USA news, insider Lisa Vanroekel sold 8,819 shares of the 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 transaction, the insider now directly owns 25,640 shares of the company’s stock, valued at $502,800.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.09% of the company’s stock.

A number of research firms have recently weighed in on SC. Zacks Investment Research raised shares of Santander Consumer USA from a “hold” rating to a “strong-buy” rating and set a $22.00 price target on the stock in a research note on Tuesday, July 31st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $9.00 price target on shares of Santander Consumer USA in a research note on Monday, July 9th. Janney Montgomery Scott raised shares of Santander Consumer USA from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Friday, June 29th. Citigroup upped their price target on shares of Santander Consumer USA from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, June 29th. Finally, Susquehanna Bancshares set a $26.00 price target on shares of Santander Consumer USA and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $22.25.

About Santander Consumer USA

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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