Santander Consumer USA Holdings Inc. (SC) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research cut shares of Santander Consumer USA Holdings Inc. (NYSE:SC) from a buy rating to a hold rating in a report released on Saturday morning.

According to Zacks, “Santander Consumer USA Holdings Inc. is a technology-driven consumer finance company which focused on vehicle finance and unsecured consumer lending products. The company’s vehicle finance products and services include consumer vehicle loans, vehicle leases and automotive dealer floorplan loans. Santander Consumer USA Holdings Inc. is headquartered in Dallas, Texas. “

SC has been the subject of several other reports. Jefferies Group LLC reaffirmed a buy rating and set a $18.00 target price on shares of Santander Consumer USA Holdings in a research note on Friday, August 25th. ValuEngine raised Santander Consumer USA Holdings from a buy rating to a strong-buy rating in a research note on Friday, September 1st. Stephens reaffirmed an equal weight rating and set a $14.00 target price on shares of Santander Consumer USA Holdings in a research note on Friday, August 25th. Sandler O’Neill reaffirmed a buy rating and set a $18.00 target price (up from $16.00) on shares of Santander Consumer USA Holdings in a research note on Wednesday, October 4th. Finally, UBS AG upped their target price on Santander Consumer USA Holdings from $15.00 to $18.00 and gave the stock a buy rating in a research note on Monday, October 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $17.00.

Shares of Santander Consumer USA Holdings (NYSE:SC) opened at $15.78 on Friday. Santander Consumer USA Holdings has a 52-week low of $11.12 and a 52-week high of $17.05. The company has a market capitalization of $5,680.00, a P/E ratio of 9.25 and a beta of 1.32.

Santander Consumer USA Holdings (NYSE:SC) last announced its earnings results on Friday, October 27th. The financial services provider reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ 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 Holdings had a return on equity of 11.33% and a net margin of 10.17%. The business’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 EPS. analysts forecast that Santander Consumer USA Holdings will post 1.95 earnings per share for the current year.

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

A number of large investors have recently modified their holdings of the business. Jacobs Asset Management LLC purchased a new stake in Santander Consumer USA Holdings in the 3rd quarter valued at $5,771,000. Castine Capital Management LLC purchased a new stake in Santander Consumer USA Holdings in the 3rd quarter valued at $4,919,000. Convergence Investment Partners LLC purchased a new stake in Santander Consumer USA Holdings in the 3rd quarter valued at $200,000. OxFORD Asset Management LLP purchased a new stake in Santander Consumer USA Holdings in the 3rd quarter valued at $190,000. Finally, Dimensional Fund Advisors LP grew its holdings in Santander Consumer USA Holdings by 1.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,491,731 shares of the financial services provider’s stock valued at $69,037,000 after buying an additional 71,016 shares in the last quarter. Institutional investors own 91.53% of the company’s stock.

About Santander Consumer USA Holdings

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

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