Santander Consumer USA Holdings Inc. (NYSE:SC)‘s stock had its “equal weight” rating reiterated by research analysts at Stephens in a note issued to investors on Friday. They presently have a $14.00 price objective on the financial services provider’s stock. Stephens’ price objective indicates a potential upside of 0.21% from the stock’s current price.
A number of other brokerages also recently issued reports on SC. Zacks Investment Research raised shares of Santander Consumer USA Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. BidaskClub raised shares of Santander Consumer USA Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Piper Jaffray Companies initiated coverage on shares of Santander Consumer USA Holdings in a research report on Friday, June 9th. They issued a “neutral” rating and a $13.50 price objective for the company. ValuEngine raised shares of Santander Consumer USA Holdings from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 28th. Finally, BMO Capital Markets reduced their price objective on shares of Santander Consumer USA Holdings from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $14.63.
Santander Consumer USA Holdings (SC) traded up 1.90% during mid-day trading on Friday, reaching $13.97. The company had a trading volume of 2,190,568 shares. The firm’s 50-day moving average price is $13.16 and its 200-day moving average price is $12.95. Santander Consumer USA Holdings has a 12 month low of $10.57 and a 12 month high of $15.47. The stock has a market cap of $5.02 billion, a PE ratio of 7.39 and a beta of 1.29.
Santander Consumer USA Holdings (NYSE:SC) last issued its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.08. Santander Consumer USA Holdings had a net margin of 10.40% and a return on equity of 12.47%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the firm posted $0.79 EPS. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. Equities research analysts forecast that Santander Consumer USA Holdings will post $1.74 EPS for the current fiscal year.
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In other Santander Consumer USA Holdings news, CFO Ismail Dawood purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, June 29th. The shares were bought at an average cost of $12.94 per share, for a total transaction of $64,700.00. Following the purchase, the chief financial officer now owns 127,609 shares of the company’s stock, valued at approximately $1,651,260.46. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.36% of the company’s stock.
A number of hedge funds have recently bought and sold shares of SC. Amalgamated Bank raised its stake in Santander Consumer USA Holdings by 3.4% in the first quarter. Amalgamated Bank now owns 15,158 shares of the financial services provider’s stock worth $202,000 after buying an additional 496 shares during the period. Sei Investments Co. raised its position in shares of Santander Consumer USA Holdings by 6.1% in the second quarter. Sei Investments Co. now owns 9,622 shares of the financial services provider’s stock worth $123,000 after buying an additional 555 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Santander Consumer USA Holdings by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 10,577 shares of the financial services provider’s stock worth $135,000 after buying an additional 717 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Santander Consumer USA Holdings by 1.4% in the first quarter. Public Employees Retirement System of Ohio now owns 55,228 shares of the financial services provider’s stock worth $736,000 after buying an additional 738 shares during the last quarter. Finally, Zweig DiMenna Associates LLC raised its position in shares of Santander Consumer USA Holdings by 5.2% in the first quarter. Zweig DiMenna Associates LLC now owns 32,100 shares of the financial services provider’s stock worth $428,000 after buying an additional 1,600 shares during the last quarter. 93.45% of the stock is currently owned by institutional investors and hedge funds.
Santander Consumer USA Holdings Company Profile
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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