Zacks Investment Research upgraded shares of Santander Consumer USA Holdings Inc. (NYSE:SC) from a hold rating to a buy rating in a research report report published on Tuesday morning. Zacks Investment Research currently has $14.00 price objective on the stock.

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. “

SC has been the topic of several other research reports. Vetr cut Santander Consumer USA Holdings from a sell rating to a strong sell rating and set a $11.12 target price on the stock. in a report on Wednesday, August 31st. Jefferies Group reissued a buy rating and set a $15.00 target price on shares of Santander Consumer USA Holdings in a report on Thursday, September 15th. Barclays PLC reissued an overweight rating and set a $15.00 target price on shares of Santander Consumer USA Holdings in a report on Friday, July 15th. Finally, Janney Montgomery Scott reissued a hold rating on shares of Santander Consumer USA Holdings in a report on Thursday, September 22nd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $15.95.

Shares of Santander Consumer USA Holdings (NYSE:SC) traded up 1.41% on Tuesday, hitting $12.97. The company had a trading volume of 356,736 shares. The company has a 50 day moving average of $11.87 and a 200-day moving average of $11.46. Santander Consumer USA Holdings has a 12-month low of $8.54 and a 12-month high of $22.54. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 5.95 and a beta of 1.18.

In other news, CFO Jennifer Popp sold 13,434 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now directly owns 33,018 shares in the company, valued at approximately $396,876.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 11.56% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Capstone Investment Advisors LLC raised its stake in Santander Consumer USA Holdings by 0.5% in the second quarter. Capstone Investment Advisors LLC now owns 16,612 shares of the company’s stock valued at $171,000 after buying an additional 80 shares during the last quarter. CIBC Asset Management Inc raised its stake in Santander Consumer USA Holdings by 3.4% in the second quarter. CIBC Asset Management Inc now owns 15,900 shares of the company’s stock valued at $164,000 after buying an additional 521 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in Santander Consumer USA Holdings by 7.2% in the second quarter. Public Employees Retirement System of Ohio now owns 26,616 shares of the company’s stock valued at $275,000 after buying an additional 1,794 shares during the last quarter. Principal Financial Group Inc. raised its stake in Santander Consumer USA Holdings by 15.3% in the second quarter. Principal Financial Group Inc. now owns 20,447 shares of the company’s stock valued at $211,000 after buying an additional 2,709 shares during the last quarter. Finally, BOKF NA raised its stake in Santander Consumer USA Holdings by 16.5% in the second quarter. BOKF NA now owns 20,532 shares of the company’s stock valued at $212,000 after buying an additional 2,903 shares during the last quarter. 33.72% of the stock is 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’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.

5 Day Chart for NYSE:SC

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