Enbridge (ENB) Holder Laffer Investments Has Raised Its Position by $3.25 Million; As Santander Consumer Usa Holdings (SC) Valuation Declined, Tiaa Cref Investment Management Lowered Position

April 19, 2018 - By Marguerite Chambers

Santander Consumer USA Holdings Inc. (NYSE:SC) Logo

Tiaa Cref Investment Management Llc decreased its stake in Santander Consumer Usa Holdings Inc (SC) by 4.91% based on its latest 2017Q4 regulatory filing with the SEC. Tiaa Cref Investment Management Llc sold 30,829 shares as the company’s stock declined 13.77% with the market. The institutional investor held 597,458 shares of the consumer services company at the end of 2017Q4, valued at $11.13M, down from 628,287 at the end of the previous reported quarter. Tiaa Cref Investment Management Llc who had been investing in Santander Consumer Usa Holdings Inc for a number of months, seems to be less bullish one the $5.74B market cap company. The stock increased 0.76% or $0.12 during the last trading session, reaching $15.92. About 734,351 shares traded. Santander Consumer USA Holdings Inc. (NYSE:SC) has risen 23.52% since April 19, 2017 and is uptrending. It has outperformed by 11.97% the S&P500.

Laffer Investments increased its stake in Enbridge Inc (ENB) by 0.16% based on its latest 2017Q4 regulatory filing with the SEC. Laffer Investments bought 83 shares as the company’s stock declined 21.20% with the market. The institutional investor held 52,878 shares of the natural gas distribution company at the end of 2017Q4, valued at $2.07B, up from 52,795 at the end of the previous reported quarter. Laffer Investments who had been investing in Enbridge Inc for a number of months, seems to be bullish on the $53.25B market cap company. The stock decreased 1.84% or $0.61 during the last trading session, reaching $32.49. About 1.29 million shares traded. Enbridge Inc. (NYSE:ENB) has declined 26.13% since April 19, 2017 and is downtrending. It has underperformed by 37.68% the S&P500.

Among 16 analysts covering Enbridge Inc. (NYSE:ENB), 6 have Buy rating, 0 Sell and 10 Hold. Therefore 38% are positive. Enbridge Inc. had 25 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Friday, October 9 with “Outperform”. The rating was maintained by Morgan Stanley on Friday, March 23 with “Equal-Weight”. Goldman Sachs downgraded Enbridge Inc. (NYSE:ENB) on Wednesday, July 20 to “Neutral” rating. Wolfe Research maintained Enbridge Inc. (NYSE:ENB) rating on Monday, May 15. Wolfe Research has “Market Perform” rating and $43 target. Morgan Stanley maintained it with “Equal-Weight” rating and $41 target in Friday, November 17 report. BMO Capital Markets reinitiated the shares of ENB in report on Wednesday, March 2 with “Outperform” rating. The firm has “Buy” rating by Canaccord Genuity given on Monday, March 7. The stock of Enbridge Inc. (NYSE:ENB) earned “Outperform” rating by Credit Suisse on Tuesday, March 14. On Friday, June 23 the stock rating was initiated by J.P. Morgan with “Hold”. The stock has “Neutral” rating by Credit Suisse on Thursday, February 4.

Laffer Investments, which manages about $614.32M and $399.05B US Long portfolio, decreased its stake in W P Carey Inc (NYSE:WPC) by 981 shares to 10,485 shares, valued at $722.42 million in 2017Q4, according to the filing. It also reduced its holding in Vf Corp (NYSE:VFC) by 1,519 shares in the quarter, leaving it with 11,789 shares, and cut its stake in Altria Group Inc (NYSE:MO).

Investors sentiment increased to 1.86 in 2017 Q4. Its up 0.68, from 1.18 in 2017Q3. It increased, as 12 investors sold SC shares while 47 reduced holdings. 50 funds opened positions while 60 raised stakes. 113.36 million shares or 0.10% more from 113.25 million shares in 2017Q3 were reported. Moreover, Macquarie Ltd has 0.01% invested in Santander Consumer USA Holdings Inc. (NYSE:SC) for 180,904 shares. Aviva Public Ltd owns 68,225 shares for 0.01% of their portfolio. Columbus Circle Invsts invested in 0.27% or 768,006 shares. Deprince Race And Zollo reported 14,000 shares. Citadel Advsr Limited Liability Corp reported 0.03% stake. Jacobs Levy Equity Management Inc has 0.06% invested in Santander Consumer USA Holdings Inc. (NYSE:SC). Quantitative Invest Mgmt Limited Liability holds 0.13% in Santander Consumer USA Holdings Inc. (NYSE:SC) or 460,200 shares. Aqr Management Ltd Liability Corporation stated it has 390,176 shares. Principal Finance Group Inc Inc invested in 23,245 shares. 1.90M were reported by Wells Fargo And Mn. Amalgamated Natl Bank reported 0.01% stake. Morgan Stanley owns 150,980 shares or 0% of their US portfolio. Sg Americas Limited Liability Company accumulated 11,031 shares. Natixis reported 0.01% stake. Legal & General Grp Inc Incorporated Public Llc reported 0.01% stake.

Among 25 analysts covering Santander Consumer USA Holdings (NYSE:SC), 12 have Buy rating, 0 Sell and 13 Hold. Therefore 48% are positive. Santander Consumer USA Holdings had 64 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, July 26. The firm earned “Buy” rating on Friday, September 15 by Jefferies. PiperJaffray upgraded it to “Overweight” rating and $17 target in Wednesday, August 30 report. RBC Capital Markets maintained Santander Consumer USA Holdings Inc. (NYSE:SC) on Monday, January 8 with “Hold” rating. The stock has “Buy” rating by BMO Capital Markets on Wednesday, May 31. Stephens maintained it with “Equal-Weight” rating and $12 target in Thursday, March 17 report. UBS maintained Santander Consumer USA Holdings Inc. (NYSE:SC) on Monday, October 30 with “Buy” rating. Susquehanna maintained Santander Consumer USA Holdings Inc. (NYSE:SC) rating on Thursday, January 4. Susquehanna has “Buy” rating and $26.0 target. The rating was initiated by Citigroup with “Hold” on Tuesday, October 17. The stock has “Hold” rating by Keefe Bruyette & Woods on Thursday, December 21.

Santander Consumer USA Holdings Inc. (NYSE:SC) Institutional Positions Chart

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