Santander Consumer USA Holdings Inc. (NYSE:SC) Short Interest Update


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Santander Consumer USA Holdings Inc. (NYSE:SC) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totalling 2,570,000 shares, an increase of 26.6% from the March 31st total of 2,030,000 shares. Currently, 4.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,040,000 shares, the days-to-cover ratio is currently 2.5 days.

SC has been the topic of a number of recent analyst reports. Morgan Stanley increased their price target on shares of Santander Consumer USA from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Thursday, April 29th. Barclays upped their price objective on shares of Santander Consumer USA from $26.00 to $32.00 in a research report on Thursday, April 29th. Zacks Investment Research upgraded shares of Santander Consumer USA from a “hold” rating to a “strong-buy” rating and set a $39.00 price objective on the stock in a research report on Tuesday. JPMorgan Chase & Co. upped their price objective on shares of Santander Consumer USA from $27.00 to $29.00 in a research report on Thursday, April 15th. Finally, Piper Sandler upgraded shares of Santander Consumer USA from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $22.00 to $28.00 in a research report on Thursday, February 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Santander Consumer USA currently has an average rating of “Buy” and a consensus target price of $29.80.

In other news, insider Christopher Keith Pfirrman sold 15,277 shares of the stock in a transaction dated Tuesday, February 9th. The shares were sold at an average price of $25.79, for a total value of $393,993.83. Following the sale, the insider now directly owns 39,531 shares of the company’s stock, valued at $1,019,504.49. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.13% of the company’s stock.

Several large investors have recently added to or reduced their stakes in SC. Carolina Wealth Advisors LLC purchased a new stake in shares of Santander Consumer USA during the first quarter valued at approximately $68,000. Sowell Financial Services LLC boosted its stake in shares of Santander Consumer USA by 356.7% during the fourth quarter. Sowell Financial Services LLC now owns 5,562 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 4,344 shares during the period. US Bancorp DE boosted its stake in shares of Santander Consumer USA by 7.5% during the fourth quarter. US Bancorp DE now owns 5,857 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 407 shares during the period. Koshinski Asset Management Inc. purchased a new stake in Santander Consumer USA in the fourth quarter worth $157,000. Finally, State of Wisconsin Investment Board purchased a new stake in Santander Consumer USA in the fourth quarter worth $204,000.

NYSE SC traded up $0.12 on Tuesday, reaching $34.32. 650,850 shares of the company’s stock traded hands, compared to its average volume of 983,516. Santander Consumer USA has a 12 month low of $12.79 and a 12 month high of $34.70. The company has a debt-to-equity ratio of 8.12, a current ratio of 59.10 and a quick ratio of 59.10. The stock has a 50-day simple moving average of $29.30 and a 200 day simple moving average of $24.70. The stock has a market cap of $10.50 billion, a PE ratio of 20.19 and a beta of 1.15.

Santander Consumer USA (NYSE:SC) last issued its quarterly earnings results on Wednesday, April 28th. The financial services provider reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.97. Santander Consumer USA had a net margin of 6.66% and a return on equity of 9.54%. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the business earned ($0.01) earnings per share. The business’s quarterly revenue was up 19.3% on a year-over-year basis. As a group, analysts anticipate that Santander Consumer USA will post 2.28 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 20th. Stockholders of record on Monday, May 10th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Friday, May 7th. Santander Consumer USA’s dividend payout ratio (DPR) is presently 30.77%.

Santander Consumer USA Company Profile

Santander Consumer USA Holdings Inc, a specialized consumer finance company, provides vehicle finance and third-party servicing in the United States. It offers vehicle financial products and services, including 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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