The stock of Santander Consumer USA Holdings Inc (NYSE:SC) is a huge mover today! About 3.60 million shares traded hands or 197.52% up from the average. Santander Consumer USA Holdings Inc (NYSE:SC) has risen 11.07% since April 6, 2016 and is uptrending. It has outperformed by 9.11% the S&P500.
The move comes after 5 months negative chart setup for the $3.96 billion company. It was reported on Nov, 8 by Barchart.com. We have $10.10 PT which if reached, will make NYSE:SC worth $277.20M less.
Santander Consumer USA Holdings Inc (NYSE:SC) Ratings Coverage
Out of 11 analysts covering Santander Consumer USA Holdings (NYSE:SC), 4 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 36% are positive. Santander Consumer USA Holdings has been the topic of 21 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The rating was initiated by Janney Capital with “Neutral” on Thursday, April 21. Compass Point maintained it with “Neutral” rating and $13.50 target price in Thursday, April 28 report. Macquarie Research downgraded the stock to “Neutral” rating in Wednesday, May 11 report. Compass Point maintained Santander Consumer USA Holdings Inc (NYSE:SC) on Friday, January 29 with “Neutral” rating. Stephens maintained the shares of SC in a report on Thursday, March 17 with “Equal-Weight” rating. The stock has “Market Perform” rating given by Wood on Thursday, April 28. The stock has “Equal-Weight” rating given by Barclays Capital on Tuesday, July 26. JMP Securities downgraded the shares of SC in a report on Wednesday, March 16 to “Market Perform” rating. The firm has “Buy” rating given on Friday, April 1 by Citigroup. On Friday, April 1 the stock rating was reinitiated by UBS with “Buy”.
According to Zacks Investment Research, “Santander Consumer USA Holdings Inc. is a technology-driven consumer finance company which focused on vehicle finance and unsecured consumer lending products. The company’s vehicle finance products and services include consumer vehicle loans, vehicle leases and automotive dealer floorplan loans. Santander Consumer USA Holdings Inc. is headquartered in Dallas, Texas.”
Insitutional Activity: The institutional sentiment increased to 1.2 in Q2 2016. Its up 0.40, from 0.8 in 2016Q1. The ratio is positive, as 26 funds sold all Santander Consumer USA Holdings Inc shares owned while 44 reduced positions. 30 funds bought stakes while 54 increased positions. They now own 115.76 million shares or 0.89% more from 114.74 million shares in 2016Q1.
Moreover, Quantitative Inv Management has 0.04% invested in Santander Consumer USA Holdings Inc (NYSE:SC) for 81,300 shares. Kcg Hldg Inc has 11,826 shares for 0% of their US portfolio. Royal Financial Bank Of Canada accumulated 71,697 shares or 0% of the stock. The New York-based Tiaa Cref Invest Mgmt Limited Co has invested 0.01% in Santander Consumer USA Holdings Inc (NYSE:SC). State Of Wisconsin Inv Board accumulated 68,740 shares or 0% of the stock. Vanguard Gp Incorporated reported 7.71M shares or 0% of all its holdings. Northern Trust has invested 0% of its portfolio in Santander Consumer USA Holdings Inc (NYSE:SC). Ubs Asset Mgmt Americas holds 45,736 shares or 0% of its portfolio. Proxima Mgmt Llc has 2.19% invested in the company for 541,246 shares. Allianz Asset Mgmt Ag holds 0.01% or 1.11M shares in its portfolio. Balyasny Asset Management accumulated 0.03% or 482,665 shares. Blackrock Fund Advsrs holds 0% of its portfolio in Santander Consumer USA Holdings Inc (NYSE:SC) for 1.01 million shares. Utah Retirement System holds 0.01% of its portfolio in Santander Consumer USA Holdings Inc (NYSE:SC) for 19,200 shares. American Group Inc holds 0% or 3,530 shares in its portfolio. Ellington Mgmt Gp Limited Liability Corporation reported 24,700 shares or 0.35% of all its holdings.
Insider Transactions: Since July 18, 2016, the stock had 0 buys, and 1 insider sale for $161,434 net activity. Popp Jennifer sold 13,434 shares worth $161,434.
More notable recent Santander Consumer USA Holdings Inc (NYSE:SC) news were published by: Prnewswire.com which released: “Santander Consumer USA Holdings Inc. Provides Update on Filings” on September 23, 2016, also Prnewswire.com with their article: “Santander Consumer USA Holdings Inc. Files Q2 2016 Form 10-Q and Restated …” published on October 27, 2016, Prnewswire.com published: “Santander Consumer USA Holdings Inc. Provides Q2 2016 Earnings Update” on July 25, 2016. More interesting news about Santander Consumer USA Holdings Inc (NYSE:SC) were released by: Prnewswire.com and their article: “Santander Consumer USA Holdings Inc. Reports First Quarter 2016 Results” published on April 27, 2016 as well as Prnewswire.com‘s news article titled: “Santander Consumer USA Holdings Announces Appointment of William Rainer as …” with publication date: July 12, 2016.
SC Company Profile
Santander Consumer USA Holdings Inc., incorporated on July 1, 2013, is the holding firm for Santander Consumer USA Inc., and subsidiaries, a consumer finance firm focused on vehicle finance and third party servicing. The Company’s segment, Consumer Finance, includes its vehicle financial services and products, including retail installment contracts, vehicle leases, and dealer loans, as well as financial services and products related to motorcycles, recreational vehicles (RVs), and marine vehicles. It also includes its personal loan and point-of-sale financing operations. The Company’s primary business is the indirect origination of retail installment contracts, principally through manufacturer-franchised dealers in connection with their sale of new and used vehicles to retail consumers. The Firm offers auto financing services and products to Fiat Chrysler Automobiles US LLC (FCA) clients and dealers under the Chrysler Capital brand. These services and products include consumer retail installment contracts and leases, as well as dealer loans for inventory, construction, real estate, working capital and revolving lines of credit.
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