Synchrony Financial’s (SYF) Hold Rating Reaffirmed at Oppenheimer Holdings, Inc.

Oppenheimer Holdings, Inc. reaffirmed their hold rating on shares of Synchrony Financial (NYSE:SYF) in a research note issued to investors on Tuesday, October 31st. Oppenheimer Holdings also issued estimates for Synchrony Financial’s FY2018 earnings at $3.30 EPS.

A number of other brokerages also recently weighed in on SYF. BidaskClub downgraded shares of Synchrony Financial from a buy rating to a hold rating in a report on Friday, July 28th. Keefe, Bruyette & Woods reiterated a buy rating and issued a $39.00 price objective on shares of Synchrony Financial in a report on Thursday, October 12th. BMO Capital Markets reiterated a buy rating on shares of Synchrony Financial in a report on Friday, July 21st. Jefferies Group LLC reiterated a buy rating and issued a $40.00 price objective on shares of Synchrony Financial in a report on Thursday, September 21st. Finally, Wells Fargo & Company assumed coverage on shares of Synchrony Financial in a report on Tuesday, October 10th. They issued a market perform rating and a $33.00 price objective on the stock. Twelve investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $36.77.

Shares of Synchrony Financial (NYSE:SYF) traded up $0.48 on Tuesday, reaching $33.86. 8,601,235 shares of the company were exchanged, compared to its average volume of 5,332,122. The firm has a market capitalization of $26,498.55, a P/E ratio of 12.92, a price-to-earnings-growth ratio of 1.70 and a beta of 1.02. Synchrony Financial has a fifty-two week low of $26.01 and a fifty-two week high of $38.06. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.47 and a current ratio of 1.47.

Synchrony Financial (NYSE:SYF) last issued its earnings results on Friday, October 20th. The financial services provider reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.06. The business had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.78 billion. Synchrony Financial had a net margin of 13.17% and a return on equity of 14.84%. During the same period in the previous year, the company earned $0.73 earnings per share. analysts predict that Synchrony Financial will post 2.59 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Synchrony Financial’s (SYF) Hold Rating Reaffirmed at Oppenheimer Holdings, Inc.” was originally published by BBNS and is the property of of BBNS. If you are reading this news story on another publication, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be accessed at https://baseballnewssource.com/markets/synchrony-financial-syf-stock-rating-reaffirmed-by-oppenheimer-holdings-inc/1745464.html.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 6th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.60 annualized dividend and a yield of 1.77%. Synchrony Financial’s dividend payout ratio is 22.90%.

In related news, insider Jonathan S. Mothner sold 1,000 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $33.50, for a total transaction of $33,500.00. Following the completion of the sale, the insider now owns 113,578 shares of the company’s stock, valued at $3,804,863. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonathan S. Mothner sold 1,500 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $32.82, for a total transaction of $49,230.00. Following the sale, the insider now directly owns 113,934 shares of the company’s stock, valued at approximately $3,739,313.88. The disclosure for this sale can be found here. Corporate insiders own 0.03% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Westside Investment Management Inc. lifted its position in Synchrony Financial by 32.1% during the second quarter. Westside Investment Management Inc. now owns 3,567 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 867 shares during the period. Patten Group Inc. lifted its holdings in shares of Synchrony Financial by 3,019.4% in the third quarter. Patten Group Inc. now owns 106,713 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 103,292 shares during the last quarter. First Quadrant L P CA lifted its holdings in shares of Synchrony Financial by 55.4% in the second quarter. First Quadrant L P CA now owns 3,726 shares of the financial services provider’s stock worth $111,000 after acquiring an additional 1,328 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Synchrony Financial by 39.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,560 shares of the financial services provider’s stock worth $136,000 after acquiring an additional 1,280 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Synchrony Financial by 19.7% in the second quarter. State of Alaska Department of Revenue now owns 5,338 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 880 shares during the last quarter. 87.23% of the stock is owned by institutional investors and hedge funds.

Synchrony Financial Company Profile

Synchrony Financial is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.

Analyst Recommendations for Synchrony Financial (NYSE:SYF)

Receive News & Ratings for Synchrony Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synchrony Financial and related companies with our FREE daily email newsletter.

 


Latest News

Toronto Blue Jays Launch Internal Investigation on PED Use
Toronto Blue Jays Launch Internal Investigation on PED Use
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player


Leave a Reply

 
© 2006-2017 BBNS.