State Board of Administration of Florida Retirement System held its position in Santander Consumer USA Holdings Inc (NYSE:SC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 69,521 shares of the financial services provider’s stock at the end of the fourth quarter. State Board of Administration of Florida Retirement System’s holdings in Santander Consumer USA Holdings were worth $939,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in SC. New York State Common Retirement Fund raised its stake in Santander Consumer USA Holdings by 14.0% in the third quarter. New York State Common Retirement Fund now owns 577,300 shares of the financial services provider’s stock valued at $7,020,000 after buying an additional 71,080 shares during the period. Wells Fargo & Company MN raised its stake in Santander Consumer USA Holdings by 0.3% in the third quarter. Wells Fargo & Company MN now owns 1,114,252 shares of the financial services provider’s stock valued at $13,549,000 after buying an additional 3,076 shares during the period. Russell Investments Group Ltd. purchased a new stake in Santander Consumer USA Holdings during the fourth quarter valued at approximately $2,328,000. Denali Advisors LLC raised its stake in Santander Consumer USA Holdings by 158.1% in the third quarter. Denali Advisors LLC now owns 581,000 shares of the financial services provider’s stock worth $7,065,000 after buying an additional 355,900 shares during the period. Finally, First Trust Advisors LP raised its stake in Santander Consumer USA Holdings by 3.0% in the third quarter. First Trust Advisors LP now owns 958,064 shares of the financial services provider’s stock worth $11,650,000 after buying an additional 27,562 shares during the period. 33.21% of the stock is owned by institutional investors.
Santander Consumer USA Holdings Inc (NYSE:SC) traded down 2.30% on Friday, reaching $12.75. The company’s stock had a trading volume of 2,109,481 shares. The firm has a 50 day moving average price of $13.25 and a 200 day moving average price of $13.43. Santander Consumer USA Holdings Inc has a 52 week low of $9.49 and a 52 week high of $15.47. The stock has a market capitalization of $4.58 billion, a P/E ratio of 5.99 and a beta of 1.22.
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SC has been the subject of a number of analyst reports. Jefferies Group LLC restated a “buy” rating and issued a $18.00 price target (up from $15.00) on shares of Santander Consumer USA Holdings in a research report on Friday, February 24th. TheStreet upgraded Santander Consumer USA Holdings from an “e+” rating to a “c-” rating in a research report on Monday, January 23rd. Zacks Investment Research upgraded Santander Consumer USA Holdings from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 29th. Barclays PLC set a $15.00 price target on Santander Consumer USA Holdings and gave the company a “hold” rating in a research report on Sunday, January 8th. Finally, Susquehanna Bancshares Inc assumed coverage on Santander Consumer USA Holdings in a research report on Monday, January 23rd. They issued a “neutral” rating and a $14.00 price target for the company. One analyst has rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $14.36.
About Santander Consumer USA Holdings
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.
