Santander Consumer USA Sees Unusually High Options Volume (SC)

Santander Consumer USA (NYSE:SC) saw some unusual options trading activity on Monday. Traders bought 3,892 put options on the company. This is an increase of approximately 721% compared to the typical volume of 474 put options.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SC. The Manufacturers Life Insurance Company boosted its holdings in Santander Consumer USA by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,577 shares of the financial services provider’s stock worth $135,000 after acquiring an additional 717 shares during the period. Nationwide Fund Advisors boosted its holdings in Santander Consumer USA by 19.1% in the 3rd quarter. Nationwide Fund Advisors now owns 38,171 shares of the financial services provider’s stock worth $587,000 after acquiring an additional 6,129 shares during the period. Bank of New York Mellon Corp boosted its holdings in Santander Consumer USA by 6.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 937,282 shares of the financial services provider’s stock worth $14,407,000 after acquiring an additional 56,486 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in Santander Consumer USA by 5.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 492,393 shares of the financial services provider’s stock worth $7,569,000 after acquiring an additional 26,293 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Santander Consumer USA by 1.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,491,731 shares of the financial services provider’s stock worth $69,037,000 after acquiring an additional 71,016 shares during the period.

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A number of analysts recently issued reports on SC shares. UBS started coverage on shares of Santander Consumer USA in a research report on Wednesday, March 28th. They set a “neutral” rating and a $17.00 target price for the company. Piper Jaffray reissued a “buy” rating and set a $25.00 target price on shares of Santander Consumer USA in a research report on Thursday, February 1st. Zacks Investment Research downgraded shares of Santander Consumer USA from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 4th. Goldman Sachs downgraded shares of Santander Consumer USA from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $22.00 to $19.00 in a research report on Monday, February 26th. Finally, Morgan Stanley increased their target price on shares of Santander Consumer USA from $18.00 to $19.50 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $18.70.

NYSE SC opened at $15.60 on Tuesday. The company has a market capitalization of $5,694.00, a price-to-earnings ratio of 8.97, a P/E/G ratio of 4.00 and a beta of 1.10. Santander Consumer USA has a fifty-two week low of $11.12 and a fifty-two week high of $19.02.

Santander Consumer USA (NYSE:SC) last released its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.03). The company had revenue of $1.62 billion during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company earned $0.17 EPS. equities analysts forecast that Santander Consumer USA will post 1.97 earnings per share for the current year.

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About Santander Consumer USA

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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