Santander Consumer USA Holdings Inc (SC) Receives Average Rating of “Hold” from Brokerages

Shares of Santander Consumer USA Holdings Inc (NYSE:SC) have been assigned an average rating of “Hold” from the sixteen research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $24.80.

Several research firms have issued reports on SC. Compass Point lowered shares of Santander Consumer USA from a “buy” rating to a “neutral” rating in a research report on Monday, May 6th. Piper Jaffray Companies reaffirmed a “neutral” rating and set a $24.00 price target on shares of Santander Consumer USA in a research report on Monday, April 22nd. Finally, JPMorgan Chase & Co. raised shares of Santander Consumer USA from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $20.00 to $23.00 in a research report on Tuesday, April 16th.

In other Santander Consumer USA news, insider Richard Morrin sold 17,422 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $21.22, for a total value of $369,694.84. Following the transaction, the insider now directly owns 59,203 shares of the company’s stock, valued at $1,256,287.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sunil Sajnani sold 5,946 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $20.83, for a total value of $123,855.18. Following the completion of the transaction, the insider now directly owns 20,802 shares in the company, valued at $433,305.66. The disclosure for this sale can be found here. Insiders sold 43,053 shares of company stock worth $900,254 over the last three months. Insiders own 0.09% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. FMR LLC boosted its position in Santander Consumer USA by 0.4% in the first quarter. FMR LLC now owns 13,526,050 shares of the financial services provider’s stock worth $285,805,000 after purchasing an additional 54,437 shares during the last quarter. Windacre Partnership LLC boosted its position in shares of Santander Consumer USA by 107.8% during the fourth quarter. Windacre Partnership LLC now owns 10,214,100 shares of the financial services provider’s stock worth $179,666,000 after buying an additional 5,299,400 shares during the period. Canyon Capital Advisors LLC boosted its holdings in Santander Consumer USA by 43.2% in the first quarter. Canyon Capital Advisors LLC now owns 9,703,059 shares of the financial services provider’s stock valued at $205,026,000 after purchasing an additional 2,925,033 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Santander Consumer USA by 4.2% in the first quarter. Dimensional Fund Advisors LP now owns 6,857,233 shares of the financial services provider’s stock valued at $144,890,000 after purchasing an additional 278,037 shares during the period. Finally, BlackRock Inc. raised its stake in Santander Consumer USA by 2.0% in the first quarter. BlackRock Inc. now owns 5,157,271 shares of the financial services provider’s stock valued at $108,973,000 after buying an additional 99,523 shares in the last quarter.

SC traded up $0.13 during trading hours on Monday, hitting $20.92. 35,160 shares of the company’s stock were exchanged, compared to its average volume of 1,090,128. Santander Consumer USA has a 1-year low of $16.10 and a 1-year high of $22.91. The stock has a market capitalization of $7.31 billion, a price-to-earnings ratio of 8.24, a PEG ratio of 1.13 and a beta of 1.11.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Friday, May 10th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Thursday, May 9th. Santander Consumer USA’s payout ratio is presently 31.50%.

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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Analyst Recommendations for Santander Consumer USA (NYSE:SC)

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