Santander Consumer USA Holdings Inc (NYSE:SC) has been given an average rating of “Hold” by the fifteen analysts that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $24.30.
Several equities research analysts have issued reports on SC shares. TheStreet raised Santander Consumer USA from a “c” rating to a “b-” rating in a research note on Wednesday, November 14th. Zacks Investment Research raised Santander Consumer USA from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Wednesday, January 2nd. JPMorgan Chase & Co. reissued an “underweight” rating and set a $20.00 target price on shares of Santander Consumer USA in a research note on Wednesday, January 16th. Finally, Santander cut Santander Consumer USA to an “underweight” rating in a research note on Wednesday, January 16th. They noted that the move was a valuation call.
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SC stock traded up $0.19 during midday trading on Wednesday, hitting $20.92. 1,949,543 shares of the company’s stock were exchanged, compared to its average volume of 1,668,591. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of 8.24, a price-to-earnings-growth ratio of 0.41 and a beta of 1.07. Santander Consumer USA has a 1-year low of $15.55 and a 1-year high of $21.81.
Santander Consumer USA (NYSE:SC) last posted its earnings results on Wednesday, January 30th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.08). The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.16 billion. Santander Consumer USA had a return on equity of 13.10% and a net margin of 13.00%. Santander Consumer USA’s revenue was up 8.9% compared to the same quarter last year. During the same period last year, the business earned $0.27 EPS. As a group, analysts predict that Santander Consumer USA will post 2.63 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 21st. Stockholders of record on Monday, February 11th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, February 8th. This represents a $0.80 annualized dividend and a dividend yield of 3.82%. Santander Consumer USA’s dividend payout ratio is currently 31.50%.
In other news, insider Richard Morrin sold 17,546 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $20.65, for a total transaction of $362,324.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sunil Sajnani sold 5,946 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $20.83, for a total value of $123,855.18. Following the transaction, the insider now owns 20,802 shares of the company’s stock, valued at $433,305.66. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of 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 buying an additional 44,954 shares during the period. Norges Bank purchased a new position in Santander Consumer USA in the fourth quarter valued at $31,136,000. FMR LLC boosted its holdings in Santander Consumer USA by 5.0% in the fourth 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 period. Amalgamated Bank boosted its holdings in Santander Consumer USA by 5.0% in the fourth quarter. Amalgamated Bank now owns 22,041 shares of the financial services provider’s stock valued at $388,000 after purchasing an additional 1,044 shares during the period. Finally, HRT Financial LLC purchased a new position in Santander Consumer USA in the fourth quarter valued at $182,000.
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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