Zacks Investment Research upgraded shares of Santander Consumer USA Holdings Inc. (NYSE:SC) from a sell rating to a hold rating in a research note released on Tuesday, July 11th.
According to Zacks, “Santander Consumer USA Holdings Inc. is a technology-driven consumer finance company which focused on vehicle finance and unsecured consumer lending products. The company’s vehicle finance products and services include consumer vehicle loans, vehicle leases and automotive dealer floorplan loans. Santander Consumer USA Holdings Inc. is headquartered in Dallas, Texas. “
Several other equities research analysts have also commented on SC. Piper Jaffray Companies began coverage on Santander Consumer USA Holdings in a research report on Friday, June 9th. They issued a neutral rating and a $13.50 price objective on the stock. ValuEngine upgraded Santander Consumer USA Holdings from a buy rating to a strong-buy rating in a research report on Wednesday, June 28th. BidaskClub upgraded Santander Consumer USA Holdings from a strong sell rating to a sell rating in a research report on Thursday, June 29th. Jefferies Group LLC reaffirmed a buy rating and set a $18.00 target price on shares of Santander Consumer USA Holdings in a research note on Friday, May 12th. Finally, Compass Point raised Santander Consumer USA Holdings from a neutral rating to a buy rating and upped their target price for the stock from $13.50 to $16.00 in a research note on Thursday, April 27th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $14.63.
Santander Consumer USA Holdings (SC) traded up 1.45% during trading on Tuesday, hitting $13.28. 1,514,025 shares of the stock traded hands. Santander Consumer USA Holdings has a 12 month low of $10.57 and a 12 month high of $15.47. The company has a 50-day moving average price of $12.82 and a 200-day moving average price of $12.98. The stock has a market cap of $4.77 billion, a PE ratio of 7.03 and a beta of 1.29.
Santander Consumer USA Holdings (NYSE:SC) last issued its earnings results on Friday, July 28th. The financial services provider reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.08. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.07 billion. Santander Consumer USA Holdings had a return on equity of 12.47% and a net margin of 10.40%. Santander Consumer USA Holdings’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.79 earnings per share. Equities research analysts expect that Santander Consumer USA Holdings will post $1.76 EPS for the current year.
In related news, CFO Ismail Dawood acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, June 1st. The stock was acquired at an average price of $11.25 per share, for a total transaction of $56,250.00. Following the purchase, the chief financial officer now owns 122,609 shares of the company’s stock, valued at approximately $1,379,351.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have purchased a total of 15,000 shares of company stock valued at $182,400 over the last 90 days. 0.36% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. FMR LLC raised its stake in shares of Santander Consumer USA Holdings by 2.6% in the fourth quarter. FMR LLC now owns 4,916,500 shares of the financial services provider’s stock valued at $66,373,000 after buying an additional 125,500 shares during the period. Tyers Asset Management LLC acquired a new stake in shares of Santander Consumer USA Holdings during the first quarter valued at $667,000. Russell Investments Group Ltd. acquired a new stake in shares of Santander Consumer USA Holdings during the fourth quarter valued at $2,328,000. Clinton Group Inc. raised its stake in shares of Santander Consumer USA Holdings by 449.6% in the first quarter. Clinton Group Inc. now owns 118,919 shares of the financial services provider’s stock valued at $1,584,000 after buying an additional 97,283 shares during the period. Finally, Elkfork Partners LLC acquired a new stake in shares of Santander Consumer USA Holdings during the first quarter valued at $917,000. Institutional investors and hedge funds own 93.20% of the company’s stock.
About Santander Consumer USA Holdings
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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