Santander Consumer USA Holdings Inc. (SC) Price Target Raised to $20.00 at Jefferies Group LLC

Santander Consumer USA Holdings Inc. (NYSE:SC) had its price target increased by Jefferies Group LLC from $18.00 to $20.00 in a report published on Monday. Jefferies Group LLC currently has a buy rating on the financial services provider’s stock. Jefferies Group also issued estimates for Santander Consumer USA Holdings’ Q4 2017 earnings at $0.38 EPS, Q1 2018 earnings at $0.42 EPS, Q2 2018 earnings at $0.53 EPS, Q3 2018 earnings at $0.57 EPS, Q4 2018 earnings at $0.50 EPS and FY2018 earnings at $2.02 EPS.

A number of other research analysts also recently weighed in on the stock. J P Morgan Chase & Co increased their price objective on shares of Santander Consumer USA Holdings from $15.00 to $16.00 and gave the company a neutral rating in a research report on Monday. Citigroup Inc. initiated coverage on shares of Santander Consumer USA Holdings in a report on Tuesday, October 17th. They set a neutral rating and a $16.00 target price for the company. Zacks Investment Research raised 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 report on Saturday, October 14th. Sandler O’Neill reaffirmed a buy rating and set a $18.00 target price (up from $16.00) on shares of Santander Consumer USA Holdings in a report on Wednesday, October 4th. Finally, BMO Capital Markets upped their target price on shares of Santander Consumer USA Holdings from $14.00 to $18.00 and gave the company an outperform rating in a report on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $17.00.

Santander Consumer USA Holdings (NYSE:SC) last issued its quarterly earnings data on Friday, October 27th. The financial services provider reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.13. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.11 billion. Santander Consumer USA Holdings had a net margin of 10.17% and a return on equity of 11.56%. The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.56 earnings per share.

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The business also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Tuesday, November 7th will be paid 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 0.71%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Amalgamated Bank grew its stake in Santander Consumer USA Holdings by 3.4% during the first quarter. Amalgamated Bank now owns 15,158 shares of the financial services provider’s stock valued at $202,000 after acquiring an additional 496 shares in the last quarter. Sei Investments Co. lifted its position in Santander Consumer USA Holdings by 6.1% during the second quarter. Sei Investments Co. now owns 9,622 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 555 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Santander Consumer USA Holdings by 7.3% during 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 purchasing an additional 717 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in Santander Consumer USA Holdings by 1.4% during the first quarter. Public Employees Retirement System of Ohio now owns 55,228 shares of the financial services provider’s stock valued at $736,000 after purchasing an additional 738 shares during the last quarter. Finally, Gotham Asset Management LLC lifted its position in Santander Consumer USA Holdings by 9.4% during the first quarter. Gotham Asset Management LLC now owns 18,701 shares of the financial services provider’s stock valued at $249,000 after purchasing an additional 1,603 shares during the last quarter. 91.77% of the stock is owned by institutional investors.

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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