Synchrony Financial's (SYF) Q1 Earnings Beat Estimates April 20, 2018

Cornelia Mascio
Aprile 21, 2018

The hedge fund run by Richard Barrera held 1.40 million shares of the consumer services company at the end of 2017Q4, valued at $53.98 million, up from 1.31 million at the end of the previous reported quarter.

Bluecrest Capital Management Ltd, which manages about $3.68B US Long portfolio, upped its stake in 51Job Inc (Prn) by 9.10M shares to 11.10M shares, valued at $16.40M in 2017Q4, according to the filing. Advisors Asset Management Inc. now owns 71,584 shares of the financial services provider's stock worth $2,455,000 after buying an additional 24,867 shares during the last quarter. About 197,448 shares traded. Also, Synchrony Financial (SYF) needs to expand a 6.21% increase it experienced over the past twelve months. It has outperformed by 21.76% the S&P500. Synchrony Financial has a 1-year low of $23.25 and a 1-year high of $38.06.

Since January 26, 2018, it had 1 insider buy, and 0 selling transactions for $43,446 activity. Following the purchase, the director now owns 55,389 shares of the company's stock, valued at approximately $1,539,814.20. About 1.62M shares traded. Analysts are turning out to be more optimistic than before, with 17 of analysts who cover Synchrony Financial (NYSE:SYF) advice adding it to buy candidate list. SYF underperformed by 11.76% the S&P 500. Deutsche Bank has "Buy" rating and $36 target. Therefore 100% are positive. The company was initiated on Wednesday, January 13 by DA Davidson. The stock of CIT Group Inc.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Friday, April 28th. Morgan Stanley maintained Synchrony Financial (NYSE:SYF) rating on Tuesday, July 25. (TSE:BTE) earned "Sector Perform" rating by IBC on Wednesday, June 15. The stock has "Buy" rating by Oppenheimer on Tuesday, July 25.

J Goldman & Company Lp decreased its stake in Skechers U S A Inc (SKX) by 56.06% based on its latest 2017Q4 regulatory filing with the SEC. (NYSE:CIT) on Friday, August 14 with "Neutral" rating. The company was maintained on Wednesday, April 12 by BMO Capital Markets. The company was maintained on Monday, October 23 by Wells Fargo.

Analysts await CIT Group Inc. The firm is scheduled to announce its next earnings report on Friday, April 27th. Wall Street now predicts 5.71 % EPS growth despite Synchrony Financial last quarter's EPS of $0.70. This could hit $562.60 million profit for SYF assuming the current $0.74 EPS will become reality.

Investors sentiment increased to 1.34 in Q4 2017. Its down 0.19, from 0.69 in 2017Q3. 57 funds opened positions while 112 raised stakes. California Public Employees Retirement holds 0.55% of its portfolio in General Electric Company (NYSE:GE) for 23.27 million shares. The average volume was noted at 6419.12K shares while its relative volume was seen at 0.76. Northwestern Mutual Wealth Mgmt Commerce invested in 0% or 1,221 shares. Erlich Morton D sold 4,000 shares worth $134,620. Canada Pension Plan Investment Board owns 382,200 shares or 0.02% of their U.S. portfolio. Philadelphia invested in 501,576 shares. Ameriprise Financial invested 0.02% of its portfolio in Skechers U.S.A., Inc. Parametrica Mgmt Ltd holds 0.17% or 7,135 shares. Proshare Advsr Limited Liability Co accumulated 0.01% or 19,390 shares. (NYSE:CIT). Quantitative Invest Mngmt Limited Liability Corp accumulated 0.01% or 20,000 shares. (NYSE:SKX) for 23,396 shares. (NYSE:CIT) for 99,036 shares. State Treasurer State Of Michigan stated it has 0.01% of its portfolio in Old Republic International Corporation (NYSE:ORI). It also increased its holding in Kapstone Paper & Packaging C (NYSE:KS) by 148,211 shares in the quarter, for a total of 218,275 shares, and has risen its stake in Genworth Finl Inc (Call) (NYSE:GNW).

Among 6 analysts covering Baytex Energy Trust (TSE:BTE), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 69% are positive.

According to Zacks, analysts expect that Synchrony Financial will report full year sales of $3.89 billion for the current fiscal year, with estimates ranging from $16.33 billion to $16.76 billion. Susquehanna has "Buy" rating and $47.0 target. On Thursday, January 4 BMO Capital Markets maintained Synchrony Financial (NYSE:SYF) with "Buy" rating. The rating was maintained by Scotia Capital with "Outperform" on Wednesday, March 8.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE