Traders Purchase High Volume of Santander Consumer USA Put Options (SC)

Santander Consumer USA Holdings Inc (NYSE:SC) saw some unusual options trading activity on Wednesday. Stock traders purchased 4,788 put options on the stock. This represents an increase of approximately 1,660% compared to the typical volume of 272 put options.

A number of equities research analysts have recently commented on the stock. Compass Point cut shares of Santander Consumer USA from a “buy” rating to a “neutral” rating in a report on Monday. Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $24.00 target price on shares of Santander Consumer USA in a report on Monday, April 22nd. JPMorgan Chase & Co. raised shares of Santander Consumer USA from an “underweight” rating to a “neutral” rating and upped their target price for the company from $20.00 to $23.00 in a report on Tuesday, April 16th. Santander cut shares of Santander Consumer USA to an “underweight” rating in a report on Wednesday, January 16th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of Santander Consumer USA from a “buy” rating to a “hold” rating in a report on Friday, January 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.45.

NYSE SC opened at $21.39 on Thursday. The stock has a market cap of $7.48 billion, a P/E ratio of 8.47, a PEG ratio of 1.18 and a beta of 1.11. Santander Consumer USA has a 52-week low of $16.10 and a 52-week high of $22.91.

Santander Consumer USA (NYSE:SC) last posted its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.04. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Santander Consumer USA had a net margin of 12.56% and a return on equity of 12.95%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.68 earnings per share. As a group, analysts predict that Santander Consumer USA will post 2.62 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Friday, May 10th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.80 annualized dividend and a yield of 3.74%. Santander Consumer USA’s dividend payout ratio is currently 31.50%.

In other news, insider Richard Morrin sold 17,546 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $20.65, for a total value of $362,324.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sunil Sajnani sold 5,946 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $20.83, for a total transaction of $123,855.18. Following the completion of the sale, the insider now directly owns 20,802 shares of the company’s stock, valued at $433,305.66. The disclosure for this sale can be found here. Insiders sold 43,053 shares of company stock valued at $900,254 in the last 90 days. 0.09% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Mercantile Trust Co. increased its holdings in Santander Consumer USA by 105.6% in the fourth quarter. First Mercantile Trust Co. now owns 2,940 shares of the financial services provider’s stock valued at $52,000 after buying an additional 1,510 shares in the last quarter. Enlightenment Research LLC purchased a new position in Santander Consumer USA in the fourth quarter valued at about $56,000. Quantamental Technologies LLC purchased a new position in Santander Consumer USA in the fourth quarter valued at about $84,000. Nisa Investment Advisors LLC purchased a new position in Santander Consumer USA in the first quarter valued at about $169,000. Finally, HRT Financial LLC purchased a new position in Santander Consumer USA in the fourth quarter valued at about $182,000.

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Santander Consumer USA Company Profile

Santander Consumer USA Holdings Inc, a specialized consumer finance company, provides vehicle finance and third-party servicing in the United States. Its products and services include retail installment contracts and vehicle leases, as well as dealer loans for inventory, construction, real estate, working capital, and revolving lines of credit.

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