Santander Consumer USA Holdings Inc. (SC) Rating Reiterated by Jefferies Group LLC

Santander Consumer USA Holdings Inc. (NYSE:SC)‘s stock had its “buy” rating restated by investment analysts at Jefferies Group LLC in a research note issued on Friday, May 12th. They presently have a $18.00 target price on the financial services provider’s stock. Jefferies Group LLC’s price target points to a potential upside of 55.84% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Compass Point raised shares of Santander Consumer USA Holdings from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $13.50 to $16.00 in a research note on Thursday, April 27th. TheStreet raised shares of Santander Consumer USA Holdings from an “e+” rating to a “c-” rating in a research note on Monday, January 23rd. Zacks Investment Research raised shares of Santander Consumer USA Holdings from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 29th. Susquehanna Bancshares Inc began coverage on shares of Santander Consumer USA Holdings in a research report on Monday, January 23rd. They set a “neutral” rating and a $14.00 target price on the stock. Finally, Citigroup Inc. lowered shares of 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 given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $14.51.

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

Santander Consumer USA Holdings (NYSE:SC) traded down 1.53% during trading on Friday, hitting $11.55. The stock had a trading volume of 2,886,441 shares. Santander Consumer USA Holdings has a 52-week low of $9.49 and a 52-week high of $15.47. The company has a market cap of $4.15 billion, a price-to-earnings ratio of 5.92 and a beta of 1.31. The firm’s 50-day moving average price is $11.92 and its 200-day moving average price is $13.21.

Santander Consumer USA Holdings (NYSE:SC) last issued its earnings results on Wednesday, April 26th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.04. Santander Consumer USA Holdings had a net margin of 10.73% and a return on equity of 13.59%. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same period last year, the company posted $0.59 earnings per share. Analysts predict that Santander Consumer USA Holdings will post $1.88 EPS for the current fiscal year.

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In related news, CFO Ismail Dawood bought 5,000 shares of the company’s stock in a transaction dated Tuesday, May 16th. The stock was bought at an average price of $12.29 per share, with a total value of $61,450.00. Following the transaction, the chief financial officer now owns 117,609 shares of the company’s stock, valued at $1,445,414.61. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Richard Morrin sold 9,791 shares of the business’s 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 directly 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 own 11.56% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Amalgamated Bank raised its position in 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. Public Employees Retirement System of Ohio raised its position in Santander Consumer USA Holdings by 1.4% in the first quarter. Public Employees Retirement System of Ohio now owns 55,228 shares of the financial services provider’s stock valued at $736,000 after buying an additional 738 shares during the period. BlackRock Group LTD raised its position in Santander Consumer USA Holdings by 0.9% in the third quarter. BlackRock Group LTD now owns 185,173 shares of the financial services provider’s stock valued at $2,251,000 after buying an additional 1,584 shares during the period. Zweig DiMenna Associates LLC raised its position in Santander Consumer USA Holdings by 5.2% in the first quarter. Zweig DiMenna Associates LLC now owns 32,100 shares of the financial services provider’s stock valued at $428,000 after buying an additional 1,600 shares during the period. Finally, Gotham Asset Management LLC raised its position in Santander Consumer USA Holdings by 9.4% in the first quarter. Gotham Asset Management LLC now owns 18,701 shares of the financial services provider’s stock valued at $249,000 after buying an additional 1,603 shares during the period. 93.38% of the stock is owned by institutional investors and hedge funds.

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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