Santander Consumer USA Sees Unusually Large Options Volume (SC)

Santander Consumer USA (NYSE:SC) was the target of unusually large options trading activity on Monday. Investors purchased 3,892 put options on the stock. This is an increase of approximately 721% compared to the average daily volume of 474 put options.

Shares of SC stock opened at $15.60 on Tuesday. The company has a market cap of $5,694.00, a P/E ratio of 8.97, a price-to-earnings-growth ratio of 4.00 and a beta of 1.10. Santander Consumer USA has a 52-week low of $11.12 and a 52-week high of $19.02.

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Santander Consumer USA (NYSE:SC) last issued its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.03). The business had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Santander Consumer USA had a net margin of 18.09% and a return on equity of 11.37%. During the same period in the previous year, the business earned $0.17 earnings per share. equities analysts predict that Santander Consumer USA will post 1.97 EPS for the current year.

Several analysts have recently weighed in on SC shares. Zacks Investment Research downgraded shares of Santander Consumer USA from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Oppenheimer started coverage on shares of Santander Consumer USA in a research note on Monday, January 8th. They set a “hold” rating for the company. JPMorgan Chase raised shares of Santander Consumer USA from a “neutral” rating to an “overweight” rating and decreased their price target for the company from $20.50 to $16.00 in a research note on Friday, January 12th. Morgan Stanley lifted their price target 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, Goldman Sachs downgraded shares of Santander Consumer USA from a “buy” rating to a “neutral” rating and decreased their price target for the company from $22.00 to $19.00 in a research note on Monday, February 26th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $18.70.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in Santander Consumer USA by 4.9% during the fourth quarter. BlackRock Inc. now owns 5,535,978 shares of the financial services provider’s stock valued at $103,080,000 after buying an additional 260,162 shares during the period. Dimensional Fund Advisors LP grew its holdings in Santander Consumer USA by 1.6% in the third quarter. Dimensional Fund Advisors LP now owns 4,491,731 shares of the financial services provider’s stock worth $69,037,000 after purchasing an additional 71,016 shares during the last quarter. Millennium Management LLC grew its holdings in Santander Consumer USA by 14.0% in the fourth quarter. Millennium Management LLC now owns 4,104,477 shares of the financial services provider’s stock worth $76,425,000 after purchasing an additional 503,328 shares during the last quarter. Philadelphia Financial Management of San Francisco LLC grew its holdings in Santander Consumer USA by 0.8% in the fourth quarter. Philadelphia Financial Management of San Francisco LLC now owns 1,971,785 shares of the financial services provider’s stock worth $36,715,000 after purchasing an additional 14,918 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Santander Consumer USA by 20.6% in the fourth quarter. Wells Fargo & Company MN now owns 1,898,598 shares of the financial services provider’s stock worth $35,352,000 after purchasing an additional 324,125 shares during the last quarter.

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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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