Santander Consumer USA Holdings Inc. (SC) Stock Rating Upgraded by BidaskClub
BidaskClub upgraded shares of Santander Consumer USA Holdings Inc. (NYSE:SC) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning.
Several other research firms also recently issued reports on SC. Compass Point raised Santander Consumer USA Holdings from a neutral rating to a buy rating and lifted their price target for the stock from $13.50 to $16.00 in a research note on Thursday, April 27th. Zacks Investment Research raised Santander Consumer USA Holdings from a sell rating to a hold rating in a research note on Tuesday, July 11th. Jefferies Group LLC reaffirmed 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. ValuEngine raised Santander Consumer USA Holdings from a buy rating to a strong-buy rating in a research note on Wednesday, June 28th. Finally, Piper Jaffray Companies began coverage on Santander Consumer USA Holdings in a research note on Friday, June 9th. They set a neutral rating and a $13.50 price target for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $14.51.
Shares of Santander Consumer USA Holdings (NYSE:SC) opened at 13.17 on Wednesday. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of 6.75 and a beta of 1.29. The stock’s 50 day moving average is $11.76 and its 200-day moving average is $13.08. Santander Consumer USA Holdings has a 12-month low of $10.00 and a 12-month high of $15.47.
Santander Consumer USA Holdings (NYSE:SC) last released its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.04. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.59 billion. Santander Consumer USA Holdings had a return on equity of 13.59% and a net margin of 10.73%. During the same quarter in the previous year, the company posted $0.59 EPS. Equities analysts anticipate that Santander Consumer USA Holdings will post $1.86 EPS for the current fiscal year.
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In related news, COO Richard Morrin sold 9,791 shares of Santander Consumer USA Holdings stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $12.52, for a total transaction of $122,583.32. Following the completion of the sale, the chief operating officer now owns 80,663 shares in the company, valued at approximately $1,009,900.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Ismail Dawood purchased 5,000 shares of the stock in a transaction on Thursday, June 29th. The stock was acquired at an average price of $12.94 per share, with a total value of $64,700.00. Following the acquisition, the chief financial officer now directly owns 127,609 shares in the company, valued at $1,651,260.46. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 15,000 shares of company stock valued at $182,400. 0.36% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Credit Suisse AG boosted its stake in Santander Consumer USA Holdings by 150.7% in the first quarter. Credit Suisse AG now owns 8,670,592 shares of the financial services provider’s stock valued at $115,492,000 after buying an additional 5,212,423 shares during the period. Norges Bank acquired a new stake in Santander Consumer USA Holdings during the fourth quarter valued at approximately $19,069,000. Dimensional Fund Advisors LP boosted its stake in Santander Consumer USA Holdings by 34.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,454,199 shares of the financial services provider’s stock valued at $46,010,000 after buying an additional 876,530 shares during the period. Point72 Asset Management L.P. boosted its stake in Santander Consumer USA Holdings by 57.4% in the first quarter. Point72 Asset Management L.P. now owns 2,370,000 shares of the financial services provider’s stock valued at $31,568,000 after buying an additional 864,608 shares during the period. Finally, Denali Advisors LLC boosted its stake in Santander Consumer USA Holdings by 118.0% in the first quarter. Denali Advisors LLC now owns 1,123,900 shares of the financial services provider’s stock valued at $14,970,000 after buying an additional 608,400 shares during the period. Institutional investors own 93.15% 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.
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