Santander Consumer USA Holdings Inc. (SC) Given “Buy” Rating at Jefferies Group LLC
Jefferies Group LLC reaffirmed their buy rating on shares of Santander Consumer USA Holdings Inc. (NYSE:SC) in a report published on Friday. The firm currently has a $18.00 price target on the financial services provider’s stock.
Other research analysts have also issued research reports about the company. Stephens reaffirmed an equal weight rating and set a $14.00 price target on shares of Santander Consumer USA Holdings in a research note on Friday. BidaskClub downgraded Santander Consumer USA Holdings from a hold rating to a sell rating in a research report on Thursday, August 3rd. UBS AG reaffirmed a buy rating and set a $15.00 price target (down from $15.50) on shares of Santander Consumer USA Holdings in a research report on Wednesday, August 2nd. BMO Capital Markets reduced their price target on Santander Consumer USA Holdings from $15.00 to $14.00 and set an outperform rating on the stock in a research report on Monday, July 31st. Finally, Zacks Investment Research lowered shares of Santander Consumer USA Holdings from a hold rating to a strong sell rating in a report on Thursday, August 3rd. Three equities 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 stock presently has a consensus rating of Hold and a consensus price target of $14.63.
Santander Consumer USA Holdings (NYSE SC) traded up 1.90% during trading on Friday, hitting $13.97. The stock had a trading volume of 2,190,568 shares. The company’s 50 day moving average is $13.16 and its 200 day moving average is $12.95. Santander Consumer USA Holdings has a 52-week low of $10.57 and a 52-week high of $15.47. The firm has a market cap of $5.02 billion, a PE ratio of 7.39 and a beta of 1.29.
Santander Consumer USA Holdings (NYSE:SC) last posted its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.08. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the firm earned $0.79 earnings per share. Equities research analysts forecast that Santander Consumer USA Holdings will post $1.74 earnings per share for the current year.
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In other Santander Consumer USA Holdings news, CFO Ismail Dawood bought 5,000 shares of the business’s stock in a transaction 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 completion of the transaction, the chief financial officer now owns 122,609 shares in the company, valued at approximately $1,379,351.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.36% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in SC. Nationwide Fund Advisors increased its position in shares of Santander Consumer USA Holdings by 164.2% in the first quarter. Nationwide Fund Advisors now owns 23,832 shares of the financial services provider’s stock valued at $317,000 after buying an additional 14,813 shares during the period. Glen Harbor Capital Management LLC bought a new position in Santander Consumer USA Holdings during the first quarter worth approximately $1,418,000. Tyers Asset Management LLC bought a new position in Santander Consumer USA Holdings during the first quarter worth approximately $667,000. First Trust Advisors LP increased its position in Santander Consumer USA Holdings by 6.8% in the first quarter. First Trust Advisors LP now owns 989,290 shares of the financial services provider’s stock worth $13,177,000 after buying an additional 62,930 shares during the period. Finally, Elkfork Partners LLC bought a new position in Santander Consumer USA Holdings during the first quarter worth approximately $917,000. Institutional investors own 93.45% 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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