Santander Consumer USA Holdings Inc. (SC) PT Set at $15.00 by Barclays PLC

Barclays PLC set a $15.00 price target on Santander Consumer USA Holdings Inc. (NYSE:SC) in a research note released on Monday, October 30th. The brokerage currently has a hold rating on the financial services provider’s stock.

Several other analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Santander Consumer USA Holdings from a sell rating to a hold rating in a research report on Wednesday, September 6th. Piper Jaffray Companies raised shares of Santander Consumer USA Holdings from a neutral rating to an overweight rating and raised their price target for the company from $14.00 to $17.00 in a research report on Wednesday, August 30th. Susquehanna Bancshares Inc raised shares of Santander Consumer USA Holdings from a neutral rating to a positive rating in a research report on Tuesday, September 5th. Jefferies Group LLC reaffirmed a buy rating and set a $18.00 price objective on shares of Santander Consumer USA Holdings in a research report on Friday, August 25th. Finally, BMO Capital Markets lifted their price objective on shares of Santander Consumer USA Holdings from $14.00 to $18.00 and gave the stock an outperform rating in a research report on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $17.00.

Santander Consumer USA Holdings (NYSE SC) opened at $15.78 on Monday. The firm has a market cap of $5,680.00, a PE ratio of 9.25 and a beta of 1.32. Santander Consumer USA Holdings has a 12 month low of $11.12 and a 12 month high of $17.05.

Santander Consumer USA Holdings (NYSE:SC) last announced its quarterly earnings results on Friday, October 27th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.13. Santander Consumer USA Holdings had a net margin of 10.17% and a return on equity of 11.33%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the firm earned $0.56 EPS. The business’s revenue was down 4.9% compared to the same quarter last year. analysts predict that Santander Consumer USA Holdings will post 1.95 EPS for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Tuesday, November 7th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Monday, November 6th. Santander Consumer USA Holdings’s dividend payout ratio is currently 6.45%.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Sei Investments Co. lifted its stake in shares of Santander Consumer USA Holdings by 6.1% during the second quarter. Sei Investments Co. now owns 9,622 shares of the financial services provider’s stock valued at $123,000 after buying an additional 555 shares during the period. TD Asset Management Inc. purchased a new position in shares of Santander Consumer USA Holdings during the second quarter valued at approximately $133,000. The Manufacturers Life Insurance Company lifted its stake in shares of Santander Consumer USA Holdings by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 10,577 shares of the financial services provider’s stock valued at $135,000 after buying an additional 717 shares during the period. Federated Investors Inc. PA lifted its stake in shares of Santander Consumer USA Holdings by 134.9% during the second quarter. Federated Investors Inc. PA now owns 11,605 shares of the financial services provider’s stock valued at $148,000 after buying an additional 6,665 shares during the period. Finally, Numeric Investors LLC purchased a new position in shares of Santander Consumer USA Holdings during the second quarter valued at approximately $189,000. 91.53% of the stock is currently owned by institutional investors.

Santander Consumer USA Holdings Company Profile

Santander Consumer USA Holdings Inc is the holding company for Santander Consumer USA Inc, and subsidiaries, a consumer finance company focused on vehicle finance and third party servicing. The Company operates through Consumer Finance segment. Its Consumer Finance business is focused on vehicle financial products and services, including retail installment contracts, vehicle leases, and dealer loans, as well as financial products and services related to motorcycles, recreational vehicles (RVs), and marine vehicles.

Analyst Recommendations for Santander Consumer USA Holdings (NYSE:SC)

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