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

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

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 research reports about the company. Sandler O’Neill reissued a buy rating and issued a $18.00 price target (up previously from $16.00) on shares of Santander Consumer USA Holdings in a research note on Wednesday, October 4th. 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, July 21st. UBS AG reaffirmed a buy rating and set a $15.00 target price (down previously from $15.50) on shares of Santander Consumer USA Holdings in a research note on Wednesday, August 2nd. 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. Finally, Barclays PLC set a $15.00 target price on Santander Consumer USA Holdings and gave the company a hold rating in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Santander Consumer USA Holdings currently has a consensus rating of Buy and a consensus price target of $17.00.

Santander Consumer USA Holdings (NYSE SC) opened at $15.93 on Friday. The firm has a market capitalization of $5,823.94, a PE ratio of 9.25 and a beta of 1.32. Santander Consumer USA Holdings has a 12 month low of $11.12 and a 12 month high of $17.05.

Santander Consumer USA Holdings (NYSE:SC) last issued its quarterly earnings results on Friday, October 27th. The financial services provider reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.13. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Santander Consumer USA Holdings had a return on equity of 11.33% and a net margin of 10.17%. Santander Consumer USA Holdings’s revenue was down 4.9% on a year-over-year basis. During the same quarter last year, the business posted $0.56 EPS. sell-side analysts anticipate that Santander Consumer USA Holdings will post 1.95 earnings per share for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Tuesday, November 7th will be issued a dividend of $0.03 per share. The ex-dividend date is Monday, November 6th. This represents a $0.12 annualized dividend and a dividend yield of 0.75%. Santander Consumer USA Holdings’s dividend payout ratio is 6.45%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sei Investments Co. lifted its holdings in Santander Consumer USA Holdings by 6.1% in the 2nd quarter. Sei Investments Co. now owns 9,622 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 555 shares during the last quarter. TD Asset Management Inc. acquired a new stake in Santander Consumer USA Holdings in the 2nd quarter worth approximately $133,000. The Manufacturers Life Insurance Company lifted its holdings in Santander Consumer USA Holdings by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,577 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 717 shares during the last quarter. Federated Investors Inc. PA lifted its holdings in Santander Consumer USA Holdings by 134.9% in the 2nd quarter. Federated Investors Inc. PA now owns 11,605 shares of the financial services provider’s stock worth $148,000 after purchasing an additional 6,665 shares during the last quarter. Finally, OxFORD Asset Management LLP acquired a new stake in Santander Consumer USA Holdings in the 3rd quarter worth approximately $190,000. Hedge funds and other 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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