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Santander Consumer USA Holdings Inc (SC): Hedge Fund Sentiment Unchanged

Santander Consumer USA Holdings Inc (SC): Hedge Fund Sentiment Unchanged

We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not always available for the general crowd. This doesn’t mean that they don’t have occasional colossal losses; they do. However, it is still a good idea to keep an eye on hedge fund activity. With this in mind, let’s examine the smart money sentiment towards Santander Consumer USA Holdings Inc (NYSE:SC) and determine whether hedge funds skillfully traded this stock.

Hedge fund interest in Santander Consumer USA Holdings Inc (NYSE:SC) shares was flat at the end of last quarter. This is usually a negative indicator. Our calculations also showed that SC isn’t among the 30 most popular stocks among hedge funds (click for Q2 rankings and see the video for a quick look at the top 5 stocks). At the end of this article we will also compare SC to other stocks including Bunge Limited (NYSE:BG), Aluminum Corp. of China Limited (NYSE:ACH), and Store Capital Corporation (NYSE:STOR) to get a better sense of its popularity. Video: Watch our video about the top 5 most popular hedge fund stocks.

To most stock holders, hedge funds are assumed to be worthless, outdated financial tools of years past. While there are more than 8000 funds with their doors open at the moment, Our experts hone in on the elite of this group, approximately 850 funds. It is estimated that this group of investors orchestrate the majority of the smart money’s total asset base, and by watching their highest performing picks, Insider Monkey has figured out a few investment strategies

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Santander Bank Partners With Correos to Provide Basic Financial Services in Spain

Santander Bank Partners With Correos to Provide Basic Financial Services in Spain

Santander Bank recently announced it has signed a deal with Correos to provide services in Spain. The agreement will allow the banking group to provide services at a total of 4,675 Correos offices from the first quarter of 2021, with Santander’s basic financial services reaching an additional 1,500 municipalities through Correos.

“Bank customers will be able to withdraw and deposit cash at Correos offices, and postal workers will be able to deliver money to any address in Spain. Transactions will be free for Santander customers at Correos offices in areas where the bank is not present.”

Rami Aboukhair, the CEO of Santander Spain, spoke about the partnership by stating:

This deal is another step towards the financial inclusion of thousands who live in towns and villages where the bank does not have a branch or ATM. Starting next year, the digital banking services they can acess will also include cash deposits and withdrawals as well as cash delivery by post to addresses anywhere in Spain.”

Santander now has more than 5.1 million digital customers in Spain who connect to its app and website more than 22 times a month. The banking group further revealed that 65% of its active customers are digital. Since the state of emergency caused by COVID-19, the bank’s digital channels have played a key role in ensuring normal operations.

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