Santander Consumer USA Holdings Inc (NYSE:SC) has been assigned an average rating of “Buy” from the nineteen brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $17.64.
SC has been the subject of several research reports. Zacks Investment Research raised Santander Consumer USA from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Citigroup increased their target price on Santander Consumer USA from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Stephens reissued 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. Piper Jaffray Companies raised Santander Consumer USA from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $14.00 to $17.00 in a research report on Wednesday, August 30th. Finally, Jefferies Group reissued a “buy” rating and issued a $18.00 target price on shares of Santander Consumer USA in a research report on Friday, August 25th.
Hedge funds have recently bought and sold shares of the stock. Sei Investments Co. increased its position in Santander Consumer USA by 6.1% during the 2nd 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 in the last quarter. TD Asset Management Inc. bought a new position in Santander Consumer USA during the 2nd quarter valued at approximately $133,000. The Manufacturers Life Insurance Company increased its position in Santander Consumer USA by 7.3% during the 2nd 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 in the last quarter. Federated Investors Inc. PA increased its position in Santander Consumer USA by 134.9% during the 2nd 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 in the last quarter. Finally, Numeric Investors LLC bought a new position in Santander Consumer USA during the 2nd quarter valued at approximately $189,000. 91.44% of the stock is owned by institutional investors.
Santander Consumer USA (NYSE:SC) last released its quarterly earnings data on Friday, October 27th. The financial services provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.13. Santander Consumer USA had a return on equity of 11.33% and a net margin of 10.17%. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the business posted $0.56 EPS. The business’s revenue was down 4.9% on a year-over-year basis. equities analysts expect that Santander Consumer USA will post 1.96 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Tuesday, November 7th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend was Monday, November 6th. Santander Consumer USA’s dividend payout ratio (DPR) is presently 6.45%.
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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