Santander Consumer USA (SC) Research Coverage Started at Goldman Sachs Group
Goldman Sachs Group assumed coverage on shares of Santander Consumer USA (NYSE:SC) in a report issued on Monday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $21.00 target price on the financial services provider’s stock.
A number of other equities research analysts also recently commented on SC. BTIG Research increased their price objective on Santander Consumer USA to $21.00 and gave the company a buy rating in a research report on Monday. Citigroup began coverage on Santander Consumer USA in a research report on Tuesday, October 17th. They set a neutral rating and a $16.00 price objective for the company. Jefferies Group increased their price objective on Santander Consumer USA from $18.00 to $20.00 and gave the company a buy rating in a research report on Monday, October 30th. Zacks Investment Research upgraded Santander Consumer USA from a hold rating to a buy rating and set a $17.00 price objective for the company in a research report on Tuesday, October 3rd. Finally, JMP Securities increased their target price on Santander Consumer USA from $16.00 to $21.00 and gave the company an outperform rating in a report on Monday, October 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $17.50.
Santander Consumer USA (SC) opened at $17.64 on Monday. The stock has a market capitalization of $6,392.65, a price-to-earnings ratio of 10.15 and a beta of 1.33. Santander Consumer USA has a one year low of $11.12 and a one year high of $18.73.
Santander Consumer USA (NYSE:SC) last issued its quarterly earnings results on Friday, October 27th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.13. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.11 billion. Santander Consumer USA had a return on equity of 11.33% and a net margin of 10.17%. The firm’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period last year, the company posted $0.56 EPS. sell-side analysts predict that Santander Consumer USA will post 1.96 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Tuesday, November 7th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.68%. The ex-dividend date was Monday, November 6th. Santander Consumer USA’s payout ratio is 6.45%.
Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Santander Consumer USA by 4.7% in the second quarter. Vanguard Group Inc. now owns 9,032,559 shares of the financial services provider’s stock valued at $115,256,000 after purchasing an additional 403,894 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Santander Consumer USA by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 4,491,731 shares of the financial services provider’s stock worth $69,037,000 after purchasing an additional 71,016 shares during the period. Harbor Spring Capital LLC lifted its stake in Santander Consumer USA by 12.9% during the second quarter. Harbor Spring Capital LLC now owns 3,363,110 shares of the financial services provider’s stock worth $42,913,000 after purchasing an additional 384,110 shares during the period. Canyon Capital Advisors LLC lifted its stake in Santander Consumer USA by 13.6% during the second quarter. Canyon Capital Advisors LLC now owns 3,057,332 shares of the financial services provider’s stock worth $39,012,000 after purchasing an additional 367,102 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in Santander Consumer USA by 20.4% during the second quarter. Wells Fargo & Company MN now owns 1,833,205 shares of the financial services provider’s stock worth $23,392,000 after purchasing an additional 310,796 shares during the period. 91.44% of the stock is currently owned by hedge funds and other institutional investors.
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About Santander Consumer USA
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.
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