UBS AG Raises Santander Consumer USA Holdings Inc. (SC) Price Target to $18.00

Santander Consumer USA Holdings Inc. (NYSE:SC) had its target price upped by UBS AG from $15.00 to $18.00 in a research report released on Monday, www.benzinga.com reports. UBS AG currently has a buy rating on the financial services provider’s stock.

SC has been the topic of several other research reports. Jefferies Group LLC reaffirmed a buy rating and issued a $18.00 price target on shares of Santander Consumer USA Holdings in a report on Friday, August 25th. Zacks Investment Research upgraded shares of Santander Consumer USA Holdings from a hold rating to a buy rating and set a $17.00 price objective on the stock in a research report on Saturday, October 14th. ValuEngine upgraded shares of Santander Consumer USA Holdings from a buy rating to a strong-buy rating in a research report on Friday, September 1st. Stephens reiterated an equal weight rating and set a $14.00 price objective on shares of Santander Consumer USA Holdings in a research report on Friday, August 25th. Finally, Sandler O’Neill reiterated a buy rating and set a $18.00 price objective (up from $16.00) on shares of Santander Consumer USA Holdings in a research report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of $17.00.

Santander Consumer USA Holdings (NYSE:SC) last posted its quarterly 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. The company 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 11.56% and a net margin of 10.17%. The firm’s revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 earnings per share.

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The company also recently announced 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. This represents a $0.12 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Monday, November 6th.

Institutional investors and hedge funds have recently made changes to their positions in the company. Amalgamated Bank raised its position in Santander Consumer USA Holdings by 3.4% in the first quarter. Amalgamated Bank now owns 15,158 shares of the financial services provider’s stock worth $202,000 after purchasing an additional 496 shares in the last quarter. Sei Investments Co. raised its position in 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 worth $123,000 after purchasing an additional 555 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in 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 worth $135,000 after purchasing an additional 717 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in Santander Consumer USA Holdings by 1.4% in the first quarter. Public Employees Retirement System of Ohio now owns 55,228 shares of the financial services provider’s stock worth $736,000 after purchasing an additional 738 shares in the last quarter. Finally, Gotham Asset Management LLC raised its position in Santander Consumer USA Holdings by 9.4% in the first quarter. Gotham Asset Management LLC now owns 18,701 shares of the financial services provider’s stock worth $249,000 after purchasing an additional 1,603 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

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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