Santander Consumer USA Holdings Inc. (NYSE:SC) had its target price upped by J P Morgan Chase & Co from $15.00 to $16.00 in a research note issued to investors on Monday, October 30th. They currently have a neutral rating on the financial services provider’s stock.
Other research analysts have also recently issued research reports about the company. Citigroup Inc. assumed coverage on Santander Consumer USA Holdings in a research report on Tuesday, October 17th. They issued a neutral rating and a $16.00 target price on the stock. Zacks Investment Research raised Santander Consumer USA Holdings from a hold rating to a buy rating and set a $17.00 price target on the stock in a research note on Tuesday, October 3rd. JMP Securities upgraded Santander Consumer USA Holdings from a market perform rating to an outperform rating and set a $16.00 price target for the company in a report on Tuesday, July 18th. Sandler O’Neill reiterated a buy rating and set a $18.00 price target (up previously from $16.00) on shares of Santander Consumer USA Holdings in a research note on Wednesday, October 4th. Finally, Jefferies Group LLC reaffirmed a buy rating and issued a $18.00 price target on shares of Santander Consumer USA Holdings in a report on Friday, July 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Santander Consumer USA Holdings presently has an average rating of Buy and an average target price of $17.00.
Shares of Santander Consumer USA Holdings (SC) traded down $0.25 during trading on Monday, hitting $15.93. 1,476,100 shares of the stock were exchanged, compared to its average volume of 2,015,859. Santander Consumer USA Holdings has a twelve month low of $11.12 and a twelve month high of $17.05. The firm has a market capitalization of $5,680.00, a PE ratio of 9.25 and a beta of 1.32.
Santander Consumer USA Holdings (NYSE:SC) last released its earnings results on Friday, October 27th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating 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 Holdings had a net margin of 10.17% and a return on equity of 11.33%. The company’s revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.56 EPS. equities research analysts anticipate that Santander Consumer USA Holdings will post 1.95 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Tuesday, November 7th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Monday, November 6th. Santander Consumer USA Holdings’s dividend payout ratio (DPR) is 6.45%.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in shares of Santander Consumer USA Holdings by 28.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,420,715 shares of the financial services provider’s stock worth $56,411,000 after purchasing an additional 966,516 shares in the last quarter. Marshall Wace North America L.P. purchased a new position in Santander Consumer USA Holdings during the second quarter worth about $9,178,000. ALGEBRIS UK Ltd purchased a new position in Santander Consumer USA Holdings during the second quarter worth about $8,639,000. Vanguard Group Inc. raised its holdings in Santander Consumer USA Holdings by 4.7% during the second quarter. Vanguard Group Inc. now owns 9,032,559 shares of the financial services provider’s stock worth $115,256,000 after purchasing an additional 403,894 shares in the last quarter. Finally, Kingdon Capital Management L.L.C. purchased a new position in Santander Consumer USA Holdings during the second quarter worth about $5,151,000. 91.53% of the stock is currently owned by institutional investors.
Santander Consumer USA Holdings 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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