Citigroup Inc. Begins Coverage on Santander Consumer USA Holdings Inc. (NYSE:SC)

Citigroup Inc. began coverage on shares of Santander Consumer USA Holdings Inc. (NYSE:SC) in a report issued on Tuesday, October 17th, MarketBeat Ratings reports. The firm issued a neutral rating and a $16.00 target price on the financial services provider’s stock.

Several other research firms have also weighed in on SC. Zacks Investment Research raised shares of Santander Consumer USA Holdings from a hold rating to a buy rating and set a $17.00 price objective on the stock in a research note on Tuesday, October 3rd. Sandler O’Neill reissued a buy rating and set a $18.00 price objective (up previously from $16.00) on shares of Santander Consumer USA Holdings in a research note on Wednesday, October 4th. ValuEngine raised shares of Santander Consumer USA Holdings from a buy rating to a strong-buy rating in a research note on Friday, September 1st. Susquehanna Bancshares Inc raised shares of Santander Consumer USA Holdings from a neutral rating to a positive rating in a research note on Tuesday, September 5th. Finally, BMO Capital Markets lifted their price target on shares of Santander Consumer USA Holdings from $14.00 to $18.00 and gave the company an outperform rating in a research note on Wednesday, September 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Buy and an average target price of $17.00.

Santander Consumer USA Holdings (SC) traded down $0.03 on Tuesday, reaching $16.93. The company’s stock had a trading volume of 1,230,000 shares, compared to its average volume of 2,000,000. Santander Consumer USA Holdings has a one year low of $10.76 and a one year high of $17.05. The stock has a market cap of $6,090.00, a P/E ratio of 9.71 and a beta of 1.32.

Santander Consumer USA Holdings (NYSE:SC) last released its quarterly earnings data on Friday, October 27th. The financial services provider reported $0.48 earnings per share for the quarter, topping the 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 for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the firm earned $0.56 EPS. Santander Consumer USA Holdings’s quarterly revenue was down 4.9% compared to the same quarter last year. research analysts expect that Santander Consumer USA Holdings will post 1.95 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Tuesday, November 7th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Monday, November 6th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.71%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Santander Consumer USA Holdings 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. Bank of New York Mellon Corp raised its holdings in shares of Santander Consumer USA Holdings by 9.8% in the second quarter. Bank of New York Mellon Corp now owns 880,796 shares of the financial services provider’s stock valued at $11,239,000 after purchasing an additional 78,807 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Santander Consumer USA Holdings by 20.4% in the second quarter. Wells Fargo & Company MN now owns 1,833,205 shares of the financial services provider’s stock valued at $23,392,000 after purchasing an additional 310,796 shares during the last quarter. Riverhead Capital Management LLC raised its holdings in shares of Santander Consumer USA Holdings by 168.5% in the second quarter. Riverhead Capital Management LLC now owns 148,683 shares of the financial services provider’s stock valued at $1,897,000 after purchasing an additional 93,310 shares during the last quarter. Finally, Aperio Group LLC raised its holdings in shares of Santander Consumer USA Holdings by 11.8% in the second quarter. Aperio Group LLC now owns 140,245 shares of the financial services provider’s stock valued at $1,790,000 after purchasing an additional 14,774 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

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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