Santander Consumer USA Holdings Inc. (SC) Trading Down 1%
Santander Consumer USA Holdings Inc. (NYSE:SC) traded down 1% on Wednesday . The stock traded as low as $10.58 and last traded at $10.71, with a volume of 1,722,531 shares traded. The stock had previously closed at $10.82.
Several equities research analysts have weighed in on the stock. Vetr lowered shares of Santander Consumer USA Holdings from a “strong-buy” rating to a “buy” rating and set a $14.30 target price on the stock. in a report on Tuesday, May 31st. Deutsche Bank AG reiterated a “hold” rating on shares of Santander Consumer USA Holdings in a report on Thursday, June 2nd. Barclays PLC set a $11.00 target price on shares of Santander Consumer USA Holdings and gave the stock a “hold” rating in a report on Wednesday, September 7th. Jefferies Group reiterated a “buy” rating and issued a $15.00 target price on shares of Santander Consumer USA Holdings in a report on Sunday, July 17th. Finally, Zacks Investment Research lowered shares of Santander Consumer USA Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, September 14th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $16.48.
The company has a market cap of $3.84 billion, a price-to-earnings ratio of 4.91 and a beta of 1.18. The company has a 50 day moving average price of $11.70 and a 200 day moving average price of $11.32.
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In other Santander Consumer USA Holdings news, CFO Jennifer Popp sold 13,434 shares of the business’s stock in a transaction that occurred on Monday, July 18th. The shares were sold at an average price of $12.02, for a total transaction of $161,476.68. Following the sale, the chief financial officer now directly owns 33,018 shares of the company’s stock, valued at approximately $396,876.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 11.56% of the company’s stock.
A number of large investors have recently bought and sold shares of SC. IBM Retirement Fund acquired a new stake in Santander Consumer USA Holdings during the second quarter worth $110,000. Rafferty Asset Management LLC acquired a new stake in Santander Consumer USA Holdings during the first quarter worth $123,000. KCG Holdings Inc. acquired a new stake in Santander Consumer USA Holdings during the second quarter worth $122,000. Parametrica Management Ltd acquired a new stake in Santander Consumer USA Holdings during the first quarter worth $125,000. Finally, Panagora Asset Management Inc. raised its stake in Santander Consumer USA Holdings by 307.8% in the second quarter. Panagora Asset Management Inc. now owns 12,438 shares of the company’s stock worth $128,000 after buying an additional 9,388 shares during the last quarter. 33.72% of the stock is currently owned by hedge funds and other institutional investors.
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’s segment, Consumer Finance, includes its 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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