Shares of Santander Consumer USA Holdings Inc (NYSE:SC) reached a new 52-week high during trading on Thursday . The stock traded as high as $21.48 and last traded at $20.98, with a volume of 223266 shares trading hands. The stock had previously closed at $20.53.
Several analysts recently commented on SC shares. Janney Montgomery Scott raised shares of Santander Consumer USA from a “neutral” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Friday, June 29th. ValuEngine lowered shares of Santander Consumer USA from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 31st. UBS Group raised shares of Santander Consumer USA from a “neutral” rating to a “buy” rating and increased their target price for the company from $17.00 to $21.00 in a research note on Monday, May 7th. Sandler O’Neill set a $22.00 target price on shares of Santander Consumer USA and gave the company a “buy” rating in a research note on Tuesday, April 24th. Finally, Susquehanna Bancshares set a $26.00 target price on shares of Santander Consumer USA and gave the company a “buy” rating in a research note on Wednesday, July 25th. Seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Santander Consumer USA currently has a consensus rating of “Buy” and an average target price of $22.25.
The firm has a market cap of $7.42 billion, a PE ratio of 11.74, a P/E/G ratio of 0.99 and a beta of 1.05.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 8th. Stockholders of record on Monday, August 6th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, August 3rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.78%. This is a positive change from Santander Consumer USA’s previous quarterly dividend of $0.05. Santander Consumer USA’s payout ratio is currently 45.98%.
In other Santander Consumer USA news, insider Lisa Vanroekel sold 8,819 shares of the company’s stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $19.61, for a total value of $172,940.59. Following the transaction, the insider now owns 25,640 shares in the company, valued at approximately $502,800.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.09% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. acquired a new position in Santander Consumer USA in the 2nd quarter valued at approximately $118,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Santander Consumer USA in the 2nd quarter valued at approximately $124,000. Meeder Asset Management Inc. increased its stake in Santander Consumer USA by 253.8% in the 2nd quarter. Meeder Asset Management Inc. now owns 8,948 shares of the financial services provider’s stock valued at $171,000 after buying an additional 6,419 shares during the period. Advisors Preferred LLC increased its stake in Santander Consumer USA by 466.5% in the 2nd quarter. Advisors Preferred LLC now owns 9,370 shares of the financial services provider’s stock valued at $179,000 after buying an additional 7,716 shares during the period. Finally, Cerebellum GP LLC acquired a new position in Santander Consumer USA in the 2nd quarter valued at approximately $186,000.
About Santander Consumer USA (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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