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.
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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.
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