Santander Consumer USA Holdings Inc. (SC) Price Target Raised to $17.00 at Citigroup Inc.

Santander Consumer USA Holdings Inc. (NYSE:SC) had its price objective lifted by Citigroup Inc. from $16.00 to $17.00 in a research report released on Monday morning. The firm currently has a neutral rating on the financial services provider’s stock.

Several other equities research analysts also recently issued reports on the stock. JMP Securities raised their target price on shares of Santander Consumer USA Holdings from $16.00 to $21.00 and gave the company an outperform rating in a research note on Monday. Jefferies Group LLC raised their target price on shares of Santander Consumer USA Holdings from $18.00 to $20.00 and gave the company a buy rating in a research note on Monday. J P Morgan Chase & Co raised their target price on shares of Santander Consumer USA Holdings from $15.00 to $16.00 and gave the company a neutral rating in a research note on Monday. Zacks Investment Research upgraded shares of Santander Consumer USA Holdings from a hold rating to a buy rating and set a $17.00 target price for the company in a research note on Saturday, October 14th. Finally, Sandler O’Neill reiterated a buy rating and issued a $18.00 target price (up from $16.00) on shares of Santander Consumer USA Holdings in a research note on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $16.86.

Shares of Santander Consumer USA Holdings (SC) traded down 0.30% during mid-day trading on Monday, hitting $16.64. The stock had a trading volume of 2,405,465 shares. The company has a 50 day moving average price of $15.10 and a 200 day moving average price of $13.32. The firm has a market cap of $5.98 billion, a P/E ratio of 8.80 and a beta of 1.29. Santander Consumer USA Holdings has a 12-month low of $10.76 and a 12-month high of $16.87.

Santander Consumer USA Holdings (NYSE:SC) last issued its earnings results on Friday, October 27th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 11.56%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the business posted $0.56 EPS. Santander Consumer USA Holdings’s revenue was down 4.9% on a year-over-year basis. Equities analysts forecast that Santander Consumer USA Holdings will post $1.96 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Tuesday, November 7th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $0.12 annualized dividend and a yield of 0.72%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. raised its position in shares of Santander Consumer USA Holdings by 6.1% in the second quarter. Sei Investments Co. now owns 9,622 shares of the financial services provider’s stock valued at $123,000 after buying an additional 555 shares in the last quarter. TD Asset Management Inc. acquired a new stake in shares of Santander Consumer USA Holdings in the second quarter valued at approximately $133,000. The Manufacturers Life Insurance Company raised its position in shares of Santander Consumer USA Holdings by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 10,577 shares of the financial services provider’s stock valued at $135,000 after buying an additional 717 shares in the last quarter. Federated Investors Inc. PA raised its position in shares of Santander Consumer USA Holdings by 134.9% in the second quarter. Federated Investors Inc. PA now owns 11,605 shares of the financial services provider’s stock valued at $148,000 after buying an additional 6,665 shares in the last quarter. Finally, Numeric Investors LLC acquired a new stake in shares of Santander Consumer USA Holdings in the second quarter valued at approximately $189,000. Institutional investors own 91.77% 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.

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