Do You Have Synchrony Financial (NYSE:SYF) In Your Portfolio?

Cornelia Mascio
Novembre 17, 2017

Synchrony Financial (NYSE:SYF) has declined 10.35% since November 17, 2016 and is downtrending. During the same quarter in the prior year, the company earned $0.73 EPS. equities research analysts forecast that Synchrony Financial will post 2.6 earnings per share for the current fiscal year. The stock increased 0.42% or $0.24 during the last trading session, reaching $56.96. Keybank National Association OH raised its stake in Synchrony Financial by 23.1% during the 3rd quarter.

Equity analyst Wells Fargo & Company raised the price target of the stock on October 23 changing the price objective from $33.00 to $35.00 with a rating of "Market Perform". As of quarter end Neuberger Berman Group LLC had sold a total of 54,105 shares trimming its stake by 5.7%. Of those transactions, there were 281,914 shares of SYF bought and 87,262 shares sold. State of Alaska Department of Revenue lifted its position in shares of Synchrony Financial by 19.7% during the 2nd quarter. The Bluefin Trading Llc holds 20,456 shares with $610,000 value, down from 655,500 last quarter. Benjamin F. Edwards & Company Inc. now owns 4,560 shares of the financial services provider's stock valued at $136,000 after acquiring an additional 1,280 shares during the period. Hallmark Capital Management Inc acquired 26,461 shares as Synchrony Financial (SYF)'s stock declined 26.83%. The stock was sold at an average price of $32.82, for a total value of $49,230.00. Following the completion of the transaction, the insider now owns 113,934 shares in the company, valued at $3,739,313.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. BMO Capital Markets reissued a buy rating on shares of Synchrony Financial in a research report on Friday, July 21st. In the past year there have been a total of 77 insider trades, including 43 open market buys and 34 sells.

The most recent non open market insider trade was completed by GUTHRIE ROY A on 09/30/2017, and was a acquisition of 1,087 shares with a final price of $31.05. The disclosure for this sale can be found here.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 6.46%, and has a solid year to date (YTD) performance of -7.97% which means that the stock is constantly adding to its value from the previous fiscal year end price. If you are reading this report on another publication, it was illegally copied and reposted in violation of United States and worldwide copyright laws.

Several analysts have recently weighed in on the stock. Morgan Stanley restated an "overweight" rating and set a $35.00 price objective (up previously from $33.00) on shares of Synchrony Financial in a research report on Tuesday, July 25th. Currently, Synchrony Financial (NYSE:SYF) has an average volume of 5.83 Million. The stock of Synchrony Financial (NYSE:SYF) has "Conviction Buy" rating given on Wednesday, January 13 by Goldman Sachs.

The market experts are predicting a 28.82% rally, based on the high target price ($43) for Synchrony Financial shares that is likely to be hit in the 52 weeks. Twelve analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Jefferies has "Buy" rating and $4000 target. The stock rose 0.12% or $0.04 reaching $33.42 per share. The shares were sold on October 20th for an average price of $33.50. Synchrony Financial now has $26.12B valuation. The company also offers various deposit products, such as certificates of deposit, individual retirement accounts, money market accounts, and savings accounts directly to retail and commercial customers under the Optimizer+Plus brand. The company has market cap of $263.71 million. "Boosts Position in Synchrony Financial (NYSE:SYF)" was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. The financial services provider reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.06. The return on assets stands at 2.3%, Return on Equity now is 14.8% and the Return on Investment value is 23.9%. The business had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.78 billion. As of the latest earnings report the EPS was $2.63 with 782.59M shares now outstanding. The rating was maintained by BTIG Research with "Buy" on Thursday, May 25. Shareholders of record on Monday, November 6th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.80%. Synchrony Financial's payout ratio is 22.81%.

Synchrony Financial (Synchrony), launched on September 12, 2003, is a consumer financial services company.

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