Santander Consumer USA (NYSE:SC) had its price target boosted by BTIG Research to $21.00 in a research report sent to investors on Monday. They currently have a buy rating on the financial services provider’s stock.
A number of other equities research analysts also recently commented on SC. Stephens reiterated an equal weight rating and issued a $14.00 target price on shares of Santander Consumer USA in a research report on Friday, August 25th. Jefferies Group reiterated a buy rating and issued a $18.00 target price on shares of Santander Consumer USA in a research report on Friday, August 25th. Piper Jaffray Companies upgraded Santander Consumer USA from a neutral rating to an overweight rating and boosted their target price for the stock from $14.00 to $17.00 in a research report on Wednesday, August 30th. ValuEngine upgraded Santander Consumer USA from a buy rating to a strong-buy rating in a research report on Friday, September 1st. Finally, Susquehanna Bancshares upgraded Santander Consumer USA from a neutral rating to a positive rating in a research report on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $17.50.
Shares of Santander Consumer USA (SC) opened at $17.64 on Monday. The company has a market capitalization of $6,340.00, a PE ratio of 10.30 and a beta of 1.32. Santander Consumer USA has a 52-week low of $11.12 and a 52-week high of $18.73.
Santander Consumer USA (NYSE:SC) last posted its earnings results on Friday, October 27th. The financial services provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.13. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.11 billion. Santander Consumer USA had a return on equity of 11.33% and a net margin of 10.17%. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.56 earnings per share. analysts expect that Santander Consumer USA will post 1.96 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Tuesday, November 7th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, November 6th. This represents a $0.12 dividend on an annualized basis and a yield of 0.68%. Santander Consumer USA’s dividend payout ratio (DPR) is presently 6.45%.
Hedge funds have recently modified their holdings of the business. Sei Investments Co. grew its stake in shares of Santander Consumer USA by 6.1% during the second quarter. Sei Investments Co. now owns 9,622 shares of the financial services provider’s stock valued at $123,000 after buying an additional 555 shares during the last quarter. TD Asset Management Inc. bought a new position in shares of Santander Consumer USA during the second quarter valued at approximately $133,000. The Manufacturers Life Insurance Company grew its stake in shares of Santander Consumer USA by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 10,577 shares of the financial services provider’s stock valued at $135,000 after buying an additional 717 shares during the last quarter. Federated Investors Inc. PA grew its stake in shares of Santander Consumer USA by 134.9% during the second quarter. Federated Investors Inc. PA now owns 11,605 shares of the financial services provider’s stock valued at $148,000 after buying an additional 6,665 shares during the last quarter. Finally, Numeric Investors LLC bought a new position in shares of Santander Consumer USA during the second quarter valued at approximately $189,000. Institutional investors and hedge funds own 91.44% of the company’s stock.
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Santander Consumer USA Company Profile
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.
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