JPMorgan Chase & Co. upgraded shares of Santander Consumer USA (NYSE:SC) from an underweight rating to a neutral rating in a report released on Tuesday morning, BenzingaRatingsTable reports. JPMorgan Chase & Co. currently has $23.00 price objective on the financial services provider’s stock, up from their prior price objective of $20.00.
Several other analysts have also commented on SC. Zacks Investment Research lowered shares of Santander Consumer USA from a buy rating to a hold rating in a research note on Friday, January 18th. Santander lowered shares of Santander Consumer USA to an underweight rating in a research note on Wednesday, January 16th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. Santander Consumer USA has a consensus rating of Hold and a consensus price target of $24.27.
Santander Consumer USA stock opened at $22.70 on Tuesday. The company has a market capitalization of $7.82 billion, a PE ratio of 8.83 and a beta of 1.13. Santander Consumer USA has a 12-month low of $15.55 and a 12-month high of $22.71.
Santander Consumer USA (NYSE:SC) last posted its quarterly earnings data on Wednesday, January 30th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.08). The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.16 billion. Santander Consumer USA had a net margin of 13.00% and a return on equity of 13.08%. The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the business earned $0.27 earnings per share. On average, analysts anticipate that Santander Consumer USA will post 2.61 EPS for the current fiscal year.
In related news, insider Sunil Sajnani sold 1,604 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $20.32, for a total value of $32,593.28. Following the completion of the sale, the insider now owns 26,231 shares in the company, valued at approximately $533,013.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Richard Morrin sold 17,546 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $20.65, for a total transaction of $362,324.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,631 shares of company stock valued at $530,559. Company insiders own 0.09% of the company’s stock.
Several large investors have recently modified their holdings of SC. Bank of New York Mellon Corp lifted its position in shares of Santander Consumer USA by 7.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 848,587 shares of the financial services provider’s stock valued at $17,006,000 after acquiring an additional 55,151 shares in the last quarter. BlackRock Inc. lifted its position in Santander Consumer USA by 0.5% in the 3rd quarter. BlackRock Inc. now owns 4,923,847 shares of the financial services provider’s stock worth $98,674,000 after buying an additional 22,079 shares in the last quarter. Franklin Resources Inc. purchased a new stake in Santander Consumer USA in the 3rd quarter worth approximately $231,000. JPMorgan Chase & Co. lifted its position in Santander Consumer USA by 335.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 371,286 shares of the financial services provider’s stock worth $7,441,000 after buying an additional 286,094 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in Santander Consumer USA by 7.4% in the 3rd quarter. Deutsche Bank AG now owns 725,899 shares of the financial services provider’s stock worth $14,544,000 after buying an additional 49,773 shares in the last quarter.
Santander Consumer USA Company Profile
Santander Consumer USA Holdings Inc, a specialized consumer finance company, provides vehicle finance and third-party servicing in the United States. Its products and services include retail installment contracts and vehicle leases, as well as dealer loans for inventory, construction, real estate, working capital, and revolving lines of credit.
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