Santander Consumer USA (NYSE:SC) was upgraded by investment analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued on Friday. The firm presently has a $16.00 price objective on the financial services provider’s stock. JPMorgan Chase & Co.’s price target would indicate a potential downside of 13.75% from the company’s current price.
A number of other research analysts have also recently issued reports on the company. Oppenheimer began coverage on Santander Consumer USA in a research note on Monday. They set a “hold” rating for the company. Zacks Investment Research cut Santander Consumer USA from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Barclays set a $18.00 price objective on Santander Consumer USA and gave the company a “hold” rating in a research note on Tuesday, December 12th. Goldman Sachs Group began coverage on Santander Consumer USA in a research note on Monday, December 4th. They set a “buy” rating and a $21.00 price objective for the company. Finally, BTIG Research boosted their price target on Santander Consumer USA to $21.00 and gave the stock a “buy” rating in a research note on Monday, December 4th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $17.87.
Shares of Santander Consumer USA (SC) traded up $0.20 during trading hours on Friday, reaching $18.55. The company’s stock had a trading volume of 1,129,800 shares, compared to its average volume of 1,846,763. The stock has a market capitalization of $6,680.00, a PE ratio of 9.97 and a beta of 1.32. Santander Consumer USA has a 1-year low of $11.12 and a 1-year high of $18.89.
A number of large investors have recently added to or reduced their stakes in the business. Banco Santander S.A. bought a new stake in Santander Consumer USA during the fourth quarter valued at about $2,848,433,000. Wellington Management Group LLP grew its holdings in Santander Consumer USA by 49.5% during the first quarter. Wellington Management Group LLP now owns 25,315,448 shares of the financial services provider’s stock valued at $265,558,000 after purchasing an additional 8,385,747 shares during the period. Maverick Capital Ltd. boosted its stake in shares of Santander Consumer USA by 22.4% in the fourth quarter. Maverick Capital Ltd. now owns 14,116,046 shares of the financial services provider’s stock worth $223,739,000 after acquiring an additional 2,587,386 shares during the period. Vanguard Group Inc. boosted its stake in shares of Santander Consumer USA by 4.7% in the second quarter. Vanguard Group Inc. now owns 9,032,559 shares of the financial services provider’s stock worth $115,256,000 after acquiring an additional 403,894 shares during the period. Finally, Credit Suisse AG boosted its stake in shares of Santander Consumer USA 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 acquiring an additional 5,212,423 shares during the period. 91.44% of the stock is owned by institutional investors and hedge funds.
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About Santander Consumer USA
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.
