Zacks Investment Research upgraded shares of Santander Consumer USA Holdings Inc. (NYSE:SC) from a sell rating to a hold rating in a report published on Tuesday, July 11th.

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. “

A number of other research firms have also weighed in on SC. Compass Point raised Santander Consumer USA Holdings from a neutral rating to a buy rating and upped their price objective for the stock from $13.50 to $16.00 in a research note on Thursday, April 27th. Jefferies Group LLC reissued a buy rating and set a $18.00 price target on shares of Santander Consumer USA Holdings in a research note on Friday, June 30th. BidaskClub upgraded Santander Consumer USA Holdings from a strong sell rating to a sell rating in a research report on Thursday, June 29th. ValuEngine upgraded Santander Consumer USA Holdings from a buy rating to a strong-buy rating in a research report on Wednesday, June 28th. Finally, Piper Jaffray Companies started coverage on Santander Consumer USA Holdings in a research report on Friday, June 9th. They set a neutral rating and a $13.50 price objective on the stock. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of Hold and an average target price of $14.63.

Shares of Santander Consumer USA Holdings (NYSE:SC) opened at 12.71 on Tuesday. Santander Consumer USA Holdings has a one year low of $10.57 and a one year high of $15.47. The firm has a market capitalization of $4.57 billion, a P/E ratio of 6.72 and a beta of 1.29. The firm’s 50-day moving average is $12.73 and its 200 day moving average is $12.98.

Santander Consumer USA Holdings (NYSE:SC) last released its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.08. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.07 billion. Santander Consumer USA Holdings had a return on equity of 12.47% and a net margin of 10.40%. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.79 earnings per share. Equities research analysts predict that Santander Consumer USA Holdings will post $1.75 earnings per share for the current year.

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In other news, CFO Ismail Dawood bought 5,000 shares of Santander Consumer USA Holdings stock in a transaction that occurred on Thursday, June 1st. The stock was bought at an average price of $11.25 per share, for a total transaction of $56,250.00. Following the purchase, the chief financial officer now directly owns 122,609 shares of the company’s stock, valued at approximately $1,379,351.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Richard Morrin sold 9,791 shares of the firm’s stock in a transaction 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 completion of the transaction, 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 bought a total of 15,000 shares of company stock valued at $182,400 in the last three months. Insiders own 0.36% of the company’s stock.

A number of institutional investors have recently modified their holdings of the company. Sei Investments Co. raised its position in shares of 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 during the period. Meeder Asset Management Inc. raised 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 worth $129,000 after buying an additional 2,800 shares during the period. TD Asset Management Inc. purchased a new position in shares of Santander Consumer USA Holdings during the second quarter worth about $133,000. Federated Investors Inc. PA raised its position in shares of Santander Consumer USA Holdings by 134.9% in the second quarter. Federated Investors Inc. PA now owns 11,605 shares of the financial services provider’s stock worth $148,000 after buying an additional 6,665 shares during the period. Finally, Amalgamated Bank raised 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 worth $202,000 after buying an additional 496 shares during the period. Institutional investors own 93.13% of the company’s stock.

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 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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