JMP Securities Raises Santander Consumer USA Holdings Inc. (SC) Price Target to $21.00

Santander Consumer USA Holdings Inc. (NYSE:SC) had its price objective boosted by JMP Securities from $16.00 to $21.00 in a report issued on Monday morning. JMP Securities currently has an outperform rating on the financial services provider’s stock.

Other research analysts also recently issued research reports about the stock. UBS AG reaffirmed a buy rating and issued a $15.00 target price (down previously from $15.50) on shares of Santander Consumer USA Holdings in a report on Wednesday, August 2nd. Jefferies Group LLC reiterated a buy rating and issued a $18.00 price target on shares of Santander Consumer USA Holdings in a research note on Friday, July 21st. Zacks Investment Research upgraded shares of Santander Consumer USA Holdings from a hold rating to a buy rating and set a $17.00 price target on the stock in a research note on Tuesday, October 3rd. Sandler O’Neill reiterated a buy rating and issued a $18.00 price target (up previously from $16.00) on shares of Santander Consumer USA Holdings in a research note on Wednesday, October 4th. Finally, Stephens reiterated an equal weight rating and issued a $14.00 price target on shares of Santander Consumer USA Holdings in a research note on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $17.00.

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 for the quarter, topping the consensus estimate of $0.35 by $0.13. The company had revenue of $1.19 billion during 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%. Santander Consumer USA Holdings’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.56 EPS.

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

Several hedge funds and other institutional investors have recently made changes to their positions in SC. Nationwide Fund Advisors raised its position in shares of Santander Consumer USA Holdings by 164.2% during the 1st quarter. Nationwide Fund Advisors now owns 23,832 shares of the financial services provider’s stock valued at $317,000 after buying an additional 14,813 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of Santander Consumer USA Holdings during the 1st quarter valued at about $506,000. Prudential Financial Inc. purchased a new stake in shares of Santander Consumer USA Holdings during the 1st quarter valued at about $1,170,000. Teachers Advisors LLC raised its position in shares of Santander Consumer USA Holdings by 1.5% during the 1st quarter. Teachers Advisors LLC now owns 452,499 shares of the financial services provider’s stock valued at $6,027,000 after buying an additional 6,888 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Santander Consumer USA Holdings by 4.5% during the 1st quarter. Vanguard Group Inc. now owns 8,628,665 shares of the financial services provider’s stock valued at $114,933,000 after buying an additional 370,437 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

About Santander Consumer USA Holdings

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.

Analyst Recommendations for Santander Consumer USA Holdings (NYSE:SC)

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