Barclays set a $18.00 price target on Santander Consumer USA (NYSE:SC) in a research note published on Tuesday. The firm currently has a hold rating on the financial services provider’s stock.

A number of other equities research analysts also recently issued reports on the company. Zacks Investment Research upgraded Santander Consumer USA from a sell rating to a hold rating in a research note on Wednesday, September 6th. Piper Jaffray Companies upgraded Santander Consumer USA from a neutral rating to an overweight rating and boosted their price target for the company from $14.00 to $17.00 in a research note on Wednesday, August 30th. Susquehanna Bancshares upgraded Santander Consumer USA from a neutral rating to a positive rating in a research note on Tuesday, September 5th. Jefferies Group restated a buy rating and set a $18.00 price target on shares of Santander Consumer USA in a research note on Friday, August 25th. Finally, J P Morgan Chase & Co boosted their price target on Santander Consumer USA from $15.00 to $16.00 and gave the company a neutral rating in a research note on Monday, October 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Santander Consumer USA has a consensus rating of Buy and a consensus target price of $17.69.

Shares of Santander Consumer USA (NYSE:SC) opened at $17.99 on Tuesday. Santander Consumer USA has a twelve month low of $11.12 and a twelve month high of $18.73. The company has a market capitalization of $6,480.00, a PE ratio of 10.47 and a beta of 1.32.

Santander Consumer USA (NYSE:SC) last released its quarterly earnings results on Friday, October 27th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.13. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.11 billion. Santander Consumer USA had a return on equity of 11.33% and a net margin of 10.17%. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.56 EPS. equities analysts expect that Santander Consumer USA will post 1.96 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Tuesday, November 7th were given a dividend of $0.03 per share. The ex-dividend date was Monday, November 6th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.67%. Santander Consumer USA’s payout ratio is currently 6.45%.

Several hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in Santander Consumer USA by 28.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,420,715 shares of the financial services provider’s stock worth $56,411,000 after purchasing an additional 966,516 shares in the last quarter. Rubric Capital Management LP purchased a new position in Santander Consumer USA in the 3rd quarter worth approximately $13,953,000. Marshall Wace North America L.P. purchased a new position in Santander Consumer USA in the 2nd quarter worth approximately $9,178,000. ALGEBRIS UK Ltd purchased a new position in Santander Consumer USA in the 2nd quarter worth approximately $8,639,000. Finally, Vanguard Group Inc. lifted its holdings in Santander Consumer USA by 4.7% in the 2nd quarter. Vanguard Group Inc. now owns 9,032,559 shares of the financial services provider’s stock worth $115,256,000 after purchasing an additional 403,894 shares in the last quarter. 91.44% of the stock is currently owned by hedge funds and other institutional investors.

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Santander Consumer USA 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 (NYSE:SC)

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