Santander Consumer USA (NYSE:SC) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 7,746,284 shares, an increase of 54.7% from the April 13th total of 5,006,726 shares. Currently, 6.8% of the company’s shares are short sold. Based on an average trading volume of 3,125,853 shares, the days-to-cover ratio is currently 2.5 days.
A number of analysts have recently commented on SC shares. UBS started coverage on Santander Consumer USA in a research note on Wednesday, March 28th. They issued a “neutral” rating and a $17.00 price target for the company. Morgan Stanley boosted their price objective on Santander Consumer USA from $19.50 to $21.00 and gave the company an “equal weight” rating in a research report on Thursday, April 26th. Zacks Investment Research upgraded Santander Consumer USA from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Tuesday, January 23rd. Barclays boosted their price objective on Santander Consumer USA from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 25th. Finally, BMO Capital Markets boosted their price objective on Santander Consumer USA from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Wednesday, April 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $19.50.
Shares of Santander Consumer USA opened at $19.78 on Wednesday, according to Marketbeat. Santander Consumer USA has a 52-week low of $19.39 and a 52-week high of $20.17. The company has a market capitalization of $6.99 billion, a P/E ratio of 11.37, a price-to-earnings-growth ratio of 2.02 and a beta of 1.09.
Santander Consumer USA (NYSE:SC) last issued its quarterly earnings data on Tuesday, April 24th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.27. Santander Consumer USA had a return on equity of 12.36% and a net margin of 19.62%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period in the previous year, the firm earned $0.40 EPS. research analysts anticipate that Santander Consumer USA will post 2.26 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, May 14th. Shareholders of record on Friday, May 4th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Thursday, May 3rd. Santander Consumer USA’s dividend payout ratio (DPR) is currently 11.49%.
A number of large investors have recently added to or reduced their stakes in the business. Sciencast Management LP acquired a new position in Santander Consumer USA during the 1st quarter worth approximately $241,000. Element Capital Management LLC acquired a new position in Santander Consumer USA during the 1st quarter worth approximately $1,807,000. Interval Partners LP boosted its position in Santander Consumer USA by 138.2% during the 1st quarter. Interval Partners LP now owns 85,000 shares of the financial services provider’s stock worth $1,386,000 after acquiring an additional 49,312 shares during the last quarter. A.R.T. Advisors LLC acquired a new position in Santander Consumer USA during the 1st quarter worth approximately $585,000. Finally, Jacobs Asset Management LLC boosted its position in Santander Consumer USA by 32.7% during the 1st quarter. Jacobs Asset Management LLC now owns 816,627 shares of the financial services provider’s stock worth $13,311,000 after acquiring an additional 201,180 shares during the last quarter.
About Santander Consumer USA
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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