Santander Consumer USA Holdings Inc (NYSE:SC) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 5,350,000 shares, a growth of 10.5% from the December 31st total of 4,840,000 shares. Based on an average daily trading volume, of 844,500 shares, the short-interest ratio is presently 6.3 days. Currently, 5.7% of the shares of the company are short sold.
Several research firms have issued reports on SC. Zacks Investment Research upgraded Santander Consumer USA from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 21st. UBS Group downgraded Santander Consumer USA from a “buy” rating to a “neutral” rating and upped their target price for the company from $22.00 to $26.00 in a research report on Monday, November 4th. Finally, Stephens upped their target price on Santander Consumer USA from $23.00 to $27.00 and gave the company an “equal weight” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $25.50.
Several institutional investors have recently bought and sold shares of the business. NewSquare Capital LLC bought a new stake in shares of Santander Consumer USA during the 2nd quarter valued at $43,000. Royal Bank of Canada grew its stake in Santander Consumer USA by 53.3% during the second quarter. Royal Bank of Canada now owns 3,701 shares of the financial services provider’s stock valued at $89,000 after acquiring an additional 1,287 shares in the last quarter. Coastal Investment Advisors Inc. grew its stake in shares of Santander Consumer USA by 957.5% in the 3rd quarter. Coastal Investment Advisors Inc. now owns 4,230 shares of the financial services provider’s stock worth $108,000 after buying an additional 3,830 shares in the last quarter. Atria Investments LLC purchased a new position in shares of Santander Consumer USA in the 2nd quarter worth $313,000. Finally, Tower Research Capital LLC TRC purchased a new position in shares of Santander Consumer USA in the 3rd quarter worth $116,000.
Shares of NYSE:SC opened at $26.72 on Friday. The firm has a market cap of $8.87 billion, a P/E ratio of 9.38, a P/E/G ratio of 1.84 and a beta of 0.99. Santander Consumer USA has a 12-month low of $18.71 and a 12-month high of $27.75. The business has a fifty day simple moving average of $23.44 and a 200 day simple moving average of $24.89.
Santander Consumer USA (NYSE:SC) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.06. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.19 billion. Santander Consumer USA had a return on equity of 13.66% and a net margin of 12.66%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the business posted $0.29 EPS. On average, equities analysts anticipate that Santander Consumer USA will post 2.84 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, February 10th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.88 dividend on an annualized basis and a yield of 3.29%. Santander Consumer USA’s dividend payout ratio (DPR) is currently 30.77%.
About Santander Consumer USA
Santander Consumer USA Holdings Inc, a specialized consumer finance company, provides vehicle finance and third-party servicing in the United States. Its products and services include retail installment contracts and vehicle leases, as well as dealer loans for inventory, construction, real estate, working capital, and revolving lines of credit.
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