Santander Consumer USA Holdings Inc (SC) Stock Rating Reaffirmed by Jefferies Group LLC

Jefferies Group LLC reiterated their buy rating on shares of Santander Consumer USA Holdings Inc (NYSE:SC) in a report released on Friday. Jefferies Group LLC currently has a $18.00 target price on the financial services provider’s stock.

Other equities analysts have also recently issued research reports about the company. Compass Point raised Santander Consumer USA Holdings from a neutral rating to a buy rating and boosted their price objective for the stock from $13.50 to $16.00 in a research report on Thursday, April 27th. TheStreet raised Santander Consumer USA Holdings from an e+ rating to a c- rating in a research report on Monday, January 23rd. Zacks Investment Research raised Santander Consumer USA Holdings from a strong sell rating to a hold rating in a research report on Wednesday, March 29th. Susquehanna Bancshares Inc started coverage on Santander Consumer USA Holdings in a research report on Monday, January 23rd. They set a neutral rating and a $14.00 price objective for the company. Finally, Citigroup Inc cut Santander Consumer USA Holdings from a buy rating to a neutral rating in a research report on Thursday, January 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $14.64.

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

Shares of Santander Consumer USA Holdings (NYSE:SC) opened at 11.79 on Friday. The firm’s 50-day moving average price is $12.59 and its 200-day moving average price is $13.42. Santander Consumer USA Holdings has a 52 week low of $9.48 and a 52 week high of $15.47. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of 6.05 and a beta of 1.22.

Santander Consumer USA Holdings (NYSE:SC) last posted its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.04. Santander Consumer USA Holdings had a return on equity of 15.85% and a net margin of 11.52%. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the previous year, the firm earned $0.59 EPS. Equities research analysts expect that Santander Consumer USA Holdings will post $1.91 EPS for the current fiscal year.

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In other news, COO Richard Morrin sold 9,791 shares of the company’s stock in a transaction that occurred 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 sale, 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 at the SEC website. Corporate insiders own 11.56% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Banco Santander S.A. bought a new stake in Santander Consumer USA Holdings during the fourth quarter valued at $2,848,433,000. Credit Suisse AG increased its position in shares of 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 last quarter. Vanguard Group Inc. increased its position in shares of Santander Consumer USA Holdings by 4.5% in the first quarter. Vanguard Group Inc. now owns 8,628,665 shares of the financial services provider’s stock valued at $114,933,000 after buying an additional 370,437 shares during the last quarter. FMR LLC increased its position in shares of Santander Consumer USA Holdings by 2.6% in the fourth quarter. FMR LLC now owns 4,916,500 shares of the financial services provider’s stock valued at $66,373,000 after buying an additional 125,500 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its position in shares of Santander Consumer USA Holdings by 4.7% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 3,801,644 shares of the financial services provider’s stock valued at $50,638,000 after buying an additional 170,626 shares during the last quarter. Institutional investors own 33.21% 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.

5 Day Chart for NYSE:SC

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