Santander Consumer USA Holdings Inc. (NYSE:SC) announced its earnings results on Friday. The financial services provider reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.08, Morningstar.com reports. Santander Consumer USA Holdings had a net margin of 10.73% and a return on equity of 13.59%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the company earned $0.79 earnings per share. The firm’s revenue was down 5.6% on a year-over-year basis.

Shares of Santander Consumer USA Holdings (SC) traded down 3.71% during mid-day trading on Friday, hitting $12.96. 3,563,344 shares of the stock were exchanged. The company has a market cap of $4.66 billion, a P/E ratio of 6.86 and a beta of 1.29. Santander Consumer USA Holdings has a 52-week low of $10.57 and a 52-week high of $15.47. The stock’s 50-day moving average price is $12.65 and its 200-day moving average price is $13.01.

SC has been the subject of a number of research reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $18.00 target price on shares of Santander Consumer USA Holdings in a report on Friday, May 12th. Compass Point raised shares of Santander Consumer USA Holdings from a “neutral” rating to a “buy” rating and upped their target price for the company from $13.50 to $16.00 in a report on Thursday, April 27th. Zacks Investment Research cut shares of Santander Consumer USA Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. BidaskClub raised shares of Santander Consumer USA Holdings from a “strong sell” rating to a “sell” rating in a report on Thursday, June 29th. Finally, ValuEngine raised shares of Santander Consumer USA Holdings from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Santander Consumer USA Holdings currently has an average rating of “Hold” and an average target price of $14.66.

In other news, CFO Ismail Dawood bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 29th. The stock was purchased at an average cost of $12.94 per share, for a total transaction of $64,700.00. Following the purchase, the chief financial officer now directly owns 127,609 shares in the company, valued at approximately $1,651,260.46. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Richard Morrin sold 9,791 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $12.52, for a total transaction of $122,583.32. Following the completion of the transaction, the chief operating officer now owns 80,663 shares of the company’s stock, valued at $1,009,900.76. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 15,000 shares of company stock valued at $182,400. Company insiders own 0.36% of the company’s stock.

Several institutional investors have recently bought and sold shares of SC. Meeder Asset Management Inc. boosted its position in Santander Consumer USA Holdings by 40.3% in the first quarter. Meeder Asset Management Inc. now owns 9,744 shares of the financial services provider’s stock valued at $129,000 after buying an additional 2,800 shares in the last quarter. Amalgamated Bank boosted 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 in the last quarter. Quantitative Systematic Strategies LLC purchased a new position in Santander Consumer USA Holdings during the second quarter valued at about $231,000. Pacer Advisors Inc. boosted its position in Santander Consumer USA Holdings by 19.1% in the first quarter. Pacer Advisors Inc. now owns 18,380 shares of the financial services provider’s stock valued at $245,000 after buying an additional 2,942 shares in the last quarter. Finally, Gotham Asset Management LLC boosted 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 in the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

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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.

Earnings History for Santander Consumer USA Holdings (NYSE:SC)

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