Santander Consumer USA (SC) Rating Lowered to Neutral at Compass Point

Compass Point lowered shares of Santander Consumer USA (NYSE:SC) from a buy rating to a neutral rating in a research report released on Monday, May 6th, BenzingaRatingsTable reports.

Several other analysts also recently issued reports on SC. Zacks Investment Research upgraded Santander Consumer USA from a hold rating to a buy rating and set a $21.00 price objective on the stock in a research report on Friday, January 11th. JPMorgan Chase & Co. reiterated an underweight rating and set a $20.00 target price on shares of Santander Consumer USA in a research report on Wednesday, January 16th. Santander downgraded Santander Consumer USA to an underweight rating in a research report on Wednesday, January 16th. They noted that the move was a valuation call. Finally, Piper Jaffray Companies reiterated a neutral rating and set a $24.00 target price on shares of Santander Consumer USA in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $24.45.

NYSE SC traded down $0.21 on Monday, reaching $22.56. The stock had a trading volume of 1,220,000 shares, compared to its average volume of 1,377,192. The stock has a market cap of $7.93 billion, a P/E ratio of 8.88, a P/E/G ratio of 1.23 and a beta of 1.11. Santander Consumer USA has a 12-month low of $16.10 and a 12-month high of $23.31.

Santander Consumer USA (NYSE:SC) last released its earnings results on Tuesday, April 30th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.04. Santander Consumer USA had a return on equity of 12.95% and a net margin of 12.56%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the company posted $0.68 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities analysts predict that Santander Consumer USA will post 2.62 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Friday, May 10th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.55%. The ex-dividend date was Thursday, May 9th. Santander Consumer USA’s dividend payout ratio (DPR) is presently 31.50%.

In other news, insider Richard Morrin sold 17,422 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $21.22, for a total value of $369,694.84. Following the completion of the sale, the insider now owns 59,203 shares of the company’s stock, valued at $1,256,287.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Sunil Sajnani sold 1,604 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $20.32, for a total value of $32,593.28. Following the completion of the sale, the insider now directly owns 26,231 shares of the company’s stock, valued at approximately $533,013.92. The disclosure for this sale can be found here. Insiders sold a total of 43,053 shares of company stock worth $900,254 over the last 90 days. Insiders own 0.09% of the company’s stock.

Large investors have recently made changes to their positions in the business. Rehmann Capital Advisory Group increased its stake in shares of Santander Consumer USA by 103.4% in the first quarter. Rehmann Capital Advisory Group now owns 21,642 shares of the financial services provider’s stock worth $457,000 after purchasing an additional 11,000 shares during the period. FMR LLC increased its stake in shares of Santander Consumer USA by 0.4% in the first quarter. FMR LLC now owns 13,526,050 shares of the financial services provider’s stock worth $285,805,000 after purchasing an additional 54,437 shares during the period. Jane Street Group LLC bought a new position in shares of Santander Consumer USA in the first quarter worth about $220,000. HighTower Advisors LLC increased its stake in shares of Santander Consumer USA by 82.6% in the first quarter. HighTower Advisors LLC now owns 206,736 shares of the financial services provider’s stock worth $4,374,000 after purchasing an additional 93,542 shares during the period. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Santander Consumer USA in the first quarter worth about $921,000.

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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Analyst Recommendations for Santander Consumer USA (NYSE:SC)

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