Santander Consumer USA (NYSE:SC) Downgraded to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Santander Consumer USA (NYSE:SC) from a buy rating to a hold rating in a report released on Saturday, November 11th.

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. “

Other equities analysts have also recently issued reports about the stock. Sandler O’Neill reaffirmed a buy rating and set a $18.00 price target (up from $16.00) on shares of Santander Consumer USA in a research note on Wednesday, October 4th. Jefferies Group reissued a buy rating and issued a $18.00 price objective on shares of Santander Consumer USA in a research report on Friday, July 21st. UBS reissued a buy rating and issued a $15.00 price objective (down from $15.50) on shares of Santander Consumer USA in a research report on Wednesday, August 2nd. Stephens reissued an equal weight rating and issued a $14.00 price objective on shares of Santander Consumer USA in a research report on Friday, August 25th. Finally, Barclays set a $15.00 price objective on shares of Santander Consumer USA and gave the company a hold rating in a research report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $17.00.

Shares of Santander Consumer USA (SC) traded up $0.19 during trading hours on Friday, hitting $17.24. 1,878,388 shares of the company’s stock were exchanged, compared to its average volume of 1,994,109. Santander Consumer USA has a 1-year low of $11.12 and a 1-year high of $17.42. The stock has a market cap of $6,190.00, a PE ratio of 9.71 and a beta of 1.32.

Santander Consumer USA (NYSE:SC) last issued its quarterly earnings data on Friday, October 27th. The financial services provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.13. Santander Consumer USA 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 analysts’ expectations of $1.11 billion. During the same period last year, the company posted $0.56 EPS. The business’s revenue was down 4.9% on a year-over-year basis. analysts forecast that Santander Consumer USA will post 1.96 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Tuesday, November 7th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, November 6th. This represents a $0.12 annualized dividend and a dividend yield of 0.70%. Santander Consumer USA’s dividend payout ratio (DPR) is presently 6.45%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sei Investments Co. increased its stake in Santander Consumer USA by 6.1% during the 2nd quarter. Sei Investments Co. now owns 9,622 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 555 shares in the last quarter. TD Asset Management Inc. acquired a new position in Santander Consumer USA during the 2nd quarter valued at approximately $133,000. The Manufacturers Life Insurance Company increased its stake in Santander Consumer USA by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,577 shares of the financial services provider’s stock valued at $135,000 after purchasing an additional 717 shares in the last quarter. Federated Investors Inc. PA increased its stake in Santander Consumer USA by 134.9% during the 2nd quarter. Federated Investors Inc. PA now owns 11,605 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 6,665 shares in the last quarter. Finally, Numeric Investors LLC acquired a new position in Santander Consumer USA during the 2nd quarter valued at approximately $189,000. Hedge funds and other institutional investors own 91.41% of the company’s stock.

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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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