Santander Consumer USA Holdings Inc. (NYSE:SC) had its target price lowered by BMO Capital Markets from $15.00 to $14.00 in a research note released on Monday morning. The brokerage currently has an outperform rating on the financial services provider’s stock.

Other equities analysts have also recently issued reports about the stock. Jefferies Group LLC restated a buy rating and issued a $18.00 target price on shares of Santander Consumer USA Holdings in a research report on Friday, May 12th. Compass Point upgraded shares of Santander Consumer USA Holdings from a neutral rating to a buy rating and boosted their target price for the company from $13.50 to $16.00 in a research report on Thursday, April 27th. BidaskClub upgraded shares of Santander Consumer USA Holdings from a sell rating to a hold rating in a research report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Santander Consumer USA Holdings from a sell rating to a hold rating in a research report on Tuesday, July 11th. Finally, 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 target price for the company. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $14.63.

Santander Consumer USA Holdings (NYSE:SC) traded down 0.16% on Monday, reaching $12.67. 996,462 shares of the company traded hands. Santander Consumer USA Holdings has a 52-week low of $10.57 and a 52-week high of $15.47. The stock has a 50-day moving average price of $12.73 and a 200-day moving average price of $12.98. The firm has a market cap of $4.55 billion, a P/E ratio of 6.70 and a beta of 1.29.

Santander Consumer USA Holdings (NYSE:SC) last issued its earnings results on Friday, July 28th. The financial services provider reported $0.70 EPS for the quarter, beating the consensus estimate of $0.62 by $0.08. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Santander Consumer USA Holdings had a net margin of 10.40% and a return on equity of 12.72%. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.79 EPS. Analysts anticipate that Santander Consumer USA Holdings will post $1.75 earnings per share for the current fiscal year.

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In related news, COO Richard Morrin sold 9,791 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $12.52, for a total transaction of $122,583.32. Following the completion of the transaction, the chief operating officer now directly owns 80,663 shares in the company, valued at approximately $1,009,900.76. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Ismail Dawood acquired 5,000 shares of the stock in a transaction that occurred on Thursday, June 29th. The shares were bought at an average price of $12.94 per share, with a total value of $64,700.00. Following the completion of the transaction, the chief financial officer now owns 127,609 shares in the company, valued at $1,651,260.46. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 15,000 shares of company stock valued at $182,400. 0.36% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. boosted its position in 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 in the last quarter. Meeder Asset Management Inc. boosted its position in shares of Santander Consumer USA Holdings by 40.3% in the first quarter. Meeder Asset Management Inc. now owns 9,744 shares of the financial services provider’s stock valued at $129,000 after buying an additional 2,800 shares during the period. TD Asset Management Inc. acquired a new position in shares of Santander Consumer USA Holdings during the second quarter valued at about $133,000. Amalgamated Bank boosted its position in shares of 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 valued at $202,000 after buying an additional 496 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Santander Consumer USA Holdings during the second quarter valued at about $216,000. Institutional investors and hedge funds own 93.13% 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.

Analyst Recommendations for Santander Consumer USA Holdings (NYSE:SC)

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