Santander Consumer USA (SC) Trading Up 5.2% After Strong Earnings

Santander Consumer USA Holdings Inc (NYSE:SC) was up 5.2% during mid-day trading on Wednesday following a stronger than expected earnings report. The company traded as high as $19.06 and last traded at $18.75. Approximately 2,667,807 shares were traded during trading, an increase of 33% from the average daily volume of 2,001,266 shares. The stock had previously closed at $17.82.

The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.04. Santander Consumer USA had a return on equity of 13.00% and a net margin of 20.57%. During the same quarter in the previous year, the business posted $0.55 EPS.

A number of analysts recently issued reports on SC shares. UBS Group increased their price objective on Santander Consumer USA from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. Susquehanna Bancshares set a $26.00 price objective on Santander Consumer USA and gave the stock a “buy” rating in a report on Wednesday, July 25th. Morgan Stanley increased their price objective on Santander Consumer USA from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Thursday, July 26th. Barclays upped their target price on Santander Consumer USA from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 11th. Finally, Zacks Investment Research upgraded Santander Consumer USA from a “sell” rating to a “hold” rating in a research note on Thursday, October 11th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $22.50.



A number of hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its position in shares of Santander Consumer USA by 1,102.7% during the 1st quarter. JPMorgan Chase & Co. now owns 237,601 shares of the financial services provider’s stock valued at $3,872,000 after purchasing an additional 217,846 shares during the last quarter. Sei Investments Co. increased its position in shares of Santander Consumer USA by 65.8% during the 1st quarter. Sei Investments Co. now owns 25,154 shares of the financial services provider’s stock valued at $411,000 after purchasing an additional 9,980 shares during the last quarter. Cerebellum GP LLC bought a new position in shares of Santander Consumer USA during the 2nd quarter valued at about $186,000. KAMES CAPITAL plc increased its position in shares of Santander Consumer USA by 28.9% during the 2nd quarter. KAMES CAPITAL plc now owns 74,687 shares of the financial services provider’s stock valued at $1,426,000 after purchasing an additional 16,762 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of Santander Consumer USA during the 2nd quarter valued at about $1,242,000.

The stock has a market cap of $6.37 billion, a P/E ratio of 10.78, a PEG ratio of 0.47 and a beta of 1.12.

Santander Consumer USA Company Profile (NYSE:SC)

Santander Consumer USA Holdings Inc, a specialized consumer finance company, provides vehicle finance and third-party servicing in the United States. Its products and services include retail installment contracts and vehicle leases, as well as dealer loans for inventory, construction, real estate, working capital, and revolving lines of credit.

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