Santander Consumer USA (NYSE:SC) Lowered to “Hold” at ValuEngine

ValuEngine downgraded shares of Santander Consumer USA (NYSE:SC) from a buy rating to a hold rating in a research report sent to investors on Thursday, ValuEngine reports.

SC has been the subject of several other reports. Zacks Investment Research raised Santander Consumer USA from a hold rating to a buy rating and set a $28.00 price target for the company in a research report on Wednesday, July 3rd. JPMorgan Chase & Co. raised Santander Consumer USA from an underweight rating to a neutral rating and boosted their price target for the stock from $20.00 to $23.00 in a research report on Tuesday, April 16th. Buckingham Research set a $25.00 price target on Santander Consumer USA and gave the stock a hold rating in a research report on Monday, July 1st. Susquehanna Bancshares reissued a neutral rating on shares of Santander Consumer USA in a research report on Thursday, June 20th. Finally, Janney Montgomery Scott reissued a neutral rating on shares of Santander Consumer USA in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. Santander Consumer USA presently has a consensus rating of Hold and a consensus price target of $25.43.

Shares of SC traded down $0.48 during trading hours on Thursday, hitting $25.65. The company had a trading volume of 66,901 shares, compared to its average volume of 1,396,923. The company has a market cap of $9.04 billion, a P/E ratio of 10.08, a PEG ratio of 0.77 and a beta of 1.01. Santander Consumer USA has a one year low of $16.10 and a one year high of $27.75. The business’s fifty day moving average price is $25.14.

Santander Consumer USA (NYSE:SC) last released its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.15. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. Santander Consumer USA had a return on equity of 13.29% and a net margin of 12.60%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.92 EPS. On average, equities analysts predict that Santander Consumer USA will post 2.82 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Monday, August 5th will be given a dividend of $0.22 per share. This is a positive change from Santander Consumer USA’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 3.43%. The ex-dividend date is Friday, August 2nd. Santander Consumer USA’s dividend payout ratio is currently 31.50%.

In related news, insider Christopher Keith Pfirrman sold 30,000 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $27.41, for a total transaction of $822,300.00. Following the transaction, the insider now directly owns 46,361 shares of the company’s stock, valued at approximately $1,270,755.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.13% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Canyon Capital Advisors LLC grew its stake in Santander Consumer USA by 43.2% during the 1st 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 last quarter. Norges Bank purchased a new stake in Santander Consumer USA during the 4th quarter valued at about $31,136,000. FMR LLC grew its stake in Santander Consumer USA by 5.0% during the 4th quarter. FMR LLC now owns 13,471,613 shares of the financial services provider’s stock valued at $236,966,000 after purchasing an additional 645,255 shares during the last quarter. Victory Capital Management Inc. grew its stake in Santander Consumer USA by 403.5% during the 1st quarter. Victory Capital Management Inc. now owns 623,566 shares of the financial services provider’s stock valued at $13,176,000 after purchasing an additional 499,717 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Santander Consumer USA by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,579,196 shares of the financial services provider’s stock valued at $115,730,000 after purchasing an additional 260,734 shares during the last quarter.

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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