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Piper Jaffray Companies restated their buy rating on shares of Santander Consumer USA
(NYSE:SC) in a research report released on Thursday morning. The brokerage currently
has a $25.00 price objective on the financial services provider’s stock.
Other analysts have also issued research reports about the company. Jefferies Group
increased their price target on Santander Consumer USA from $18.00 to $20.00 and gave
the company a buy rating in a 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 target on the stock in a report on Saturday, October 14th. Sandler O’Neill restated a
buy rating and set a $18.00 price target (up previously from $16.00) on shares of Santander
Consumer USA in a report on Wednesday, October 4th. UBS Group increased their price
target on Santander Consumer USA from $15.00 to $18.00 and gave the company a buy
rating in a report on Monday, October 30th. Finally, BTIG Research increased their price
target on Santander Consumer USA to $21.00 and gave the company a buy rating in a
report on Monday, December 4th. One research analyst has rated the stock with a sell
rating, six have issued a hold rating, eleven have assigned a buy rating and one has
issued a strong buy rating to the company. Santander Consumer USA currently has a
consensus rating of Buy and an average target price of $18.90.
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Shares of Santander Consumer USA ( NYSE:SC ) opened at $16.89 on Thursday.
Santander Consumer USA has a twelve month low of $11.12 and a twelve month high of
$19.02. The firm has a market capitalization of $6,080.00, a price-to-earnings ratio of 5.12, a
P/E/G ratio of 4.01 and a beta of 1.15.
Santander Consumer USA (NYSE:SC) last released its quarterly
earnings results on Wednesday, January 31st. The financial services provider reported
$0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus
estimate of $0.30 by ($0.03). Santander Consumer USA had a net margin of 18.09% and a
return on equity of 11.78%. The company had revenue of $1.62 billion for the quarter,
compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous
year, the company posted $0.17 EPS. analysts forecast that Santander Consumer USA
will post 2.03 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday,
February 22nd. Shareholders of record on Monday, February 12th will be paid a $0.05
dividend. This is a positive change from Santander Consumer USA’s previous quarterly
dividend of $0.03. The ex-dividend date is Friday, February 9th. This represents a $0.20
dividend on an annualized basis and a yield of 1.18%. Santander Consumer USA’s dividend
payout ratio (DPR) is presently 3.64%.
Hedge funds have recently added to or reduced their stakes in the business. Vanguard
Group Inc. increased its stake in 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
worth $115,256,000 after purchasing an additional 403,894 shares during the period. State
Street Corp increased its stake in Santander Consumer USA by 16.4% in the second
quarter. State Street Corp now owns 1,563,544 shares of the financial services provider’s
stock worth $19,951,000 after purchasing an additional 220,319 shares during the period.
Bank of New York Mellon Corp increased its stake in Santander Consumer USA by 6.4% in
the third quarter. Bank of New York Mellon Corp now owns 937,282 shares of the financial
services provider’s stock worth $14,407,000 after purchasing an additional 56,486 shares
during the period. Dimensional Fund Advisors LP increased its stake in Santander
Consumer USA by 1.6% in 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. Finally, Ardsley Advisory
Partners increased its stake in Santander Consumer USA by 2.5% in the second quarter.
Ardsley Advisory Partners now owns 410,000 shares of the financial services provider’s
stock worth $5,234,000 after purchasing an additional 10,000 shares during the period.
Institutional investors and hedge funds own 91.90% of the company’s stock.
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