Short Interest in Santander Consumer USA Holdings Inc (NYSE:SC) Drops By 10.7%

Santander Consumer USA Holdings Inc (NYSE:SC) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 3,525,000 shares, a decrease of 10.7% from the July 31st total of 3,945,700 shares. Approximately 3.4% of the company’s shares are short sold. Based on an average daily volume of 1,230,000 shares, the days-to-cover ratio is currently 2.9 days.

Several analysts have issued reports on the company. ValuEngine downgraded Santander Consumer USA from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Susquehanna Bancshares reissued a “neutral” rating on shares of Santander Consumer USA in a research note on Thursday, June 20th. Santander downgraded Santander Consumer USA from an “equal weight” rating to an “underweight” rating in a research note on Monday, September 9th. Morgan Stanley lifted their price target on Santander Consumer USA from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Thursday, July 25th. Finally, Buckingham Research set a $25.00 price target on Santander Consumer USA and gave the company a “hold” rating in a research note on Monday, July 1st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $25.13.

In other news, insider Christopher Keith Pfirrman sold 30,000 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $27.41, for a total value of $822,300.00. Following the transaction, the insider now owns 46,361 shares of the company’s stock, valued at approximately $1,270,755.01. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.13% of the company’s stock.

A number of institutional investors have recently bought and sold shares of SC. Geode Capital Management LLC grew its holdings in Santander Consumer USA by 4.3% during the fourth quarter. Geode Capital Management LLC now owns 1,088,635 shares of the financial services provider’s stock worth $19,149,000 after purchasing an additional 44,954 shares during the period. SG Americas Securities LLC bought a new stake in shares of Santander Consumer USA during the first quarter worth approximately $272,000. Janus Henderson Group PLC boosted its holdings in shares of Santander Consumer USA by 48.0% during the first quarter. Janus Henderson Group PLC now owns 49,268 shares of the financial services provider’s stock worth $1,041,000 after acquiring an additional 15,968 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Santander Consumer USA by 403.5% during the first quarter. Victory Capital Management Inc. now owns 623,566 shares of the financial services provider’s stock worth $13,176,000 after acquiring an additional 499,717 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in shares of Santander Consumer USA by 8.4% during the first quarter. California Public Employees Retirement System now owns 393,784 shares of the financial services provider’s stock worth $8,321,000 after acquiring an additional 30,396 shares during the period.

Shares of NYSE SC traded down $0.17 during mid-day trading on Friday, hitting $25.95. The company had a trading volume of 1,142,305 shares, compared to its average volume of 803,749. The company has a market capitalization of $9.04 billion, a PE ratio of 10.22, a price-to-earnings-growth ratio of 0.77 and a beta of 1.05. The firm has a 50-day simple moving average of $26.34 and a two-hundred day simple moving average of $23.44. Santander Consumer USA has a one year low of $16.10 and a one year high of $27.75.

Santander Consumer USA (NYSE:SC) last announced its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.15. Santander Consumer USA had a return on equity of 13.29% and a net margin of 12.60%. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the company earned $0.92 EPS. Santander Consumer USA’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, sell-side analysts forecast that Santander Consumer USA will post 2.82 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 5th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 3.39%. This is a boost from Santander Consumer USA’s previous quarterly dividend of $0.20. Santander Consumer USA’s dividend payout ratio (DPR) is presently 34.65%.

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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