Santander Consumer USA Holdings Inc (NYSE:SC) has been assigned a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One 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. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $25.43.
SC has been the topic of a number of recent analyst reports. Janney Montgomery Scott reissued a “neutral” rating on shares of Santander Consumer USA in a research report on Wednesday, July 17th. Morgan Stanley increased their price objective on shares of Santander Consumer USA from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. raised shares of Santander Consumer USA from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $20.00 to $23.00 in a research report on Tuesday, April 16th. Compass Point set a $25.00 target price on shares of Santander Consumer USA and gave the stock a “hold” rating in a research note on Tuesday, July 2nd. Finally, BTIG Research downgraded shares of Santander Consumer USA from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 24th. They noted that the move was a valuation call.
In other Santander Consumer USA news, insider Christopher Keith Pfirrman sold 30,000 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $27.41, for a total value of $822,300.00. Following the transaction, the insider now directly owns 46,361 shares in the company, valued at approximately $1,270,755.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is owned by corporate insiders.
Hedge funds have recently modified their holdings of the business. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Santander Consumer USA during the second quarter valued at approximately $53,000. Advisor Group Inc. boosted its stake in shares of Santander Consumer USA by 1,067.3% during the second quarter. Advisor Group Inc. now owns 3,887 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 3,554 shares in the last quarter. Nisa Investment Advisors LLC bought a new position in shares of Santander Consumer USA during the first quarter valued at approximately $169,000. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Santander Consumer USA during the second quarter valued at approximately $203,000. Finally, Yorktown Management & Research Co Inc bought a new position in shares of Santander Consumer USA during the second quarter valued at approximately $220,000.
Santander Consumer USA stock traded down $0.18 during midday trading on Friday, reaching $26.13. The stock had a trading volume of 1,074,304 shares, compared to its average volume of 1,336,726. Santander Consumer USA has a 52-week low of $16.10 and a 52-week high of $27.75. The company has a market capitalization of $9.47 billion, a price-to-earnings ratio of 10.29, a price-to-earnings-growth ratio of 0.79 and a beta of 1.01. The stock has a fifty day simple moving average of $25.14.
Santander Consumer USA (NYSE:SC) last posted its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.15. Santander Consumer USA had a net margin of 12.60% and a return on equity of 13.40%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the company posted $0.92 EPS. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, analysts expect that Santander Consumer USA will post 2.82 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, August 5th will be paid a $0.22 dividend. This is an increase from Santander Consumer USA’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date is Friday, August 2nd. Santander Consumer USA’s dividend payout ratio is currently 31.50%.
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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