Santander Consumer USA Holdings Inc. (SC) Given Average Rating of “Hold” by Brokerages
Santander Consumer USA Holdings Inc. (NYSE:SC) has been assigned a consensus rating of “Hold” from the twelve brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $14.57.
A number of research firms recently commented on SC. Piper Jaffray Companies began coverage on Santander Consumer USA Holdings in a report on Friday, June 9th. They set a “neutral” rating and a $13.50 price target for the company. Jefferies Group LLC reiterated a “buy” rating and set a $18.00 price target on shares of Santander Consumer USA Holdings in a report on Friday, May 12th. Compass Point upgraded Santander Consumer USA Holdings from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $13.50 to $16.00 in a report on Thursday, April 27th. Finally, Zacks Investment Research upgraded Santander Consumer USA Holdings from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 29th.
Shares of Santander Consumer USA Holdings (SC) traded up 0.26% during midday trading on Monday, hitting $11.58. The stock had a trading volume of 2,711,130 shares. The stock has a 50 day moving average price of $11.92 and a 200-day moving average price of $13.21. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 5.94 and a beta of 1.31. Santander Consumer USA Holdings has a 52 week low of $9.48 and a 52 week high of $15.47.
Santander Consumer USA Holdings (NYSE:SC) last posted its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Santander Consumer USA Holdings had a return on equity of 13.59% and a net margin of 10.73%. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter last year, the company posted $0.59 earnings per share. Equities research analysts anticipate that Santander Consumer USA Holdings will post $1.88 earnings per share for the current year.
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In other news, CFO Ismail Dawood acquired 5,000 shares of Santander Consumer USA Holdings stock in a transaction dated Tuesday, May 16th. The stock was bought at an average price of $12.29 per share, for a total transaction of $61,450.00. Following the completion of the acquisition, the chief financial officer now directly owns 117,609 shares in the company, valued at approximately $1,445,414.61. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Richard Morrin sold 9,791 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $12.52, for a total value of $122,583.32. Following the sale, the chief operating officer now owns 80,663 shares of the company’s stock, valued at approximately $1,009,900.76. The disclosure for this sale can be found here. Insiders own 11.56% of the company’s stock.
Several large investors have recently modified their holdings of SC. Banco Santander S.A. purchased a new stake in shares of Santander Consumer USA Holdings during the fourth quarter worth about $2,848,433,000. Credit Suisse AG boosted its stake in shares of Santander Consumer USA Holdings by 150.7% in the first quarter. Credit Suisse AG now owns 8,670,592 shares of the financial services provider’s stock worth $115,492,000 after buying an additional 5,212,423 shares in the last quarter. Norges Bank purchased a new stake in shares of Santander Consumer USA Holdings during the fourth quarter worth about $19,069,000. Dimensional Fund Advisors LP boosted its stake in shares of Santander Consumer USA Holdings by 34.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,454,199 shares of the financial services provider’s stock worth $46,010,000 after buying an additional 876,530 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in shares of Santander Consumer USA Holdings by 57.4% in the first quarter. Point72 Asset Management L.P. now owns 2,370,000 shares of the financial services provider’s stock worth $31,568,000 after buying an additional 864,608 shares in the last quarter. Institutional investors own 93.15% 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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