Santander Consumer USA Sees Unusually High Options Volume (SC)

Santander Consumer USA Holdings Inc (NYSE:SC) was the recipient of unusually large options trading on Friday. Traders acquired 808 put options on the stock. This represents an increase of 936% compared to the typical volume of 78 put options.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SC. Sei Investments Co. increased its position in shares of Santander Consumer USA 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 period. The Manufacturers Life Insurance Company increased its position in shares of Santander Consumer USA 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 period. Federated Investors Inc. PA increased its position in shares of Santander Consumer USA by 134.9% during the second quarter. Federated Investors Inc. PA now owns 11,605 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 6,665 shares during the period. Numeric Investors LLC bought a new stake in shares of Santander Consumer USA during the second quarter valued at approximately $189,000. Finally, OxFORD Asset Management LLP bought a new stake in shares of Santander Consumer USA during the third quarter valued at approximately $190,000. Institutional investors and hedge funds own 91.44% of the company’s stock.

Santander Consumer USA (NYSE:SC) opened at $18.85 on Monday. Santander Consumer USA has a 1-year low of $11.12 and a 1-year high of $18.89. The company has a market capitalization of $6,780.00, a P/E ratio of 10.13 and a beta of 1.32.

Santander Consumer USA (NYSE:SC) last issued its quarterly earnings results on Friday, October 27th. The financial services provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.13. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.11 billion. Santander Consumer USA had a return on equity of 11.33% and a net margin of 10.17%. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.56 earnings per share. equities research analysts expect that Santander Consumer USA will post 1.89 EPS for the current fiscal year.

Several equities research analysts recently weighed in on the company. Zacks Investment Research lowered Santander Consumer USA from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Citigroup began coverage on Santander Consumer USA in a report on Tuesday, October 17th. They issued a “neutral” rating and a $16.00 target price for the company. Jefferies Group upped their price target on Santander Consumer USA from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, October 30th. JMP Securities upped their price target on Santander Consumer USA from $16.00 to $21.00 and gave the stock an “outperform” rating in a report on Monday, October 30th. Finally, Barclays set a $15.00 price target on Santander Consumer USA and gave the stock a “hold” rating in a report on Monday, October 30th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $17.87.

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Santander Consumer USA 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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