Santander Consumer USA Holdings lnc. Buyback
OLI recorded this information on 5/24/2019
Company:
Santander Consumer USA Holdings lnc.
Buyback:
SC buyback
$Amount Authorized:
$400,000,000
Buyback Details:
Santander Consumer USA Holdings lnc. (NYSE: SC) ("SC", "Santander Consumer" or the "Company") today announced that its board of directors authorized, and the Board of Governors of the Federal Reserve System ("Federal Reserve") did not object to, the repurchase of up to $400 million of the Company's common stock as part of an amended 2018 capital plan of its majority stockholder, Santander Holdings USA, Inc. ("SHUSA").
Santander Consumer USA Holdings is a holding company. Through its subsidiaries, Co. is a consumer finance company focused on vehicle finance and third-party servicing and delivering service to dealers and customers across the credit spectrum. Co.'s primary business is the indirect origination and servicing of retail installment contracts and leases through manufacturer-franchised dealers in connection with their sale of new and used vehicles to retail consumers. Co. also sells consumer retail installment contracts through flow agreements and, when market conditions are favorable, it accesses the asset-backed securities market through securitizations of consumer retail installment contracts.
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Avg. Broker Rec.
  
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Buy (2.75 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: SC Stock Forecast Based on Zacks ABR data; powered by Xignite |
