Santander Consumer USA Holdings Inc (NYSE:SC) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 6,741,115 shares, an increase of 68.7% from the January 31st total of 3,995,761 shares. Based on an average daily trading volume, of 3,225,107 shares, the days-to-cover ratio is currently 2.1 days. Currently, 6.0% of the company’s stock are sold short.
Institutional investors have recently modified their holdings of the company. Nationwide Fund Advisors boosted its stake in Santander Consumer USA by 34.4% during the second quarter. Nationwide Fund Advisors now owns 32,042 shares of the financial services provider’s stock worth $409,000 after acquiring an additional 8,210 shares in the last quarter. State Street Corp increased its holdings in Santander Consumer USA by 16.4% during the second quarter. State Street Corp now owns 1,563,544 shares of the financial services provider’s stock worth $19,951,000 after buying an additional 220,319 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in 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 worth $135,000 after buying an additional 717 shares during the last quarter. California State Teachers Retirement System increased its holdings in Santander Consumer USA by 26.1% during the second quarter. California State Teachers Retirement System now owns 272,363 shares of the financial services provider’s stock worth $3,475,000 after buying an additional 56,451 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in Santander Consumer USA by 13.0% during the third quarter. First Trust Advisors LP now owns 1,045,909 shares of the financial services provider’s stock worth $16,076,000 after buying an additional 120,431 shares during the last quarter.
Santander Consumer USA (NYSE:SC) opened at $17.12 on Wednesday. The firm has a market cap of $6,242.13, a PE ratio of 5.19, a PEG ratio of 4.18 and a beta of 1.14. Santander Consumer USA has a 52 week low of $11.12 and a 52 week high of $19.02.
Santander Consumer USA (NYSE:SC) last announced its earnings results on Wednesday, January 31st. The financial services provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.03). The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.58 billion. Santander Consumer USA had a return on equity of 11.37% and a net margin of 18.09%. During the same period in the previous year, the firm posted $0.17 EPS. equities research analysts forecast that Santander Consumer USA will post 2.07 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Monday, February 12th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Friday, February 9th. This is an increase from Santander Consumer USA’s previous quarterly dividend of $0.03. Santander Consumer USA’s dividend payout ratio is 6.06%.
Several research firms have recently commented on SC. Zacks Investment Research raised Santander Consumer USA from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Tuesday, January 23rd. Goldman Sachs Group initiated coverage on Santander Consumer USA in a research report on Monday, December 4th. They issued a “buy” rating and a $21.00 target price for the company. Piper Jaffray Companies reiterated a “buy” rating and set a $25.00 price objective on shares of Santander Consumer USA in a research report on Thursday, February 1st. Morgan Stanley boosted their target price on shares of Santander Consumer USA from $18.00 to $19.50 and gave the company an “equal weight” rating in a research note on Thursday, February 1st. Finally, BTIG Research upped their price target on shares of Santander Consumer USA to $21.00 and gave the stock a “buy” rating in a research note on Monday, December 4th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $18.77.
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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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