Synchrony Financial Traders Should Start Listening to Analysts

20 May, 2017, 10:49 | Author: Leticia Walters

Equities research analysts expect that Synchrony Financial will post $2.60 earnings per share for the current fiscal year. Investors of record on Monday, May 8th will be paid a dividend of $0.13 per share. Comparatively, Synchrony Financial posted earnings of $0.74 per share in the same quarter a year ago. Sit Investment Associates Inc.'s holdings in Synchrony Financial were worth $3,448,000 at the end of the most recent quarter. SYF generated revenue of $3.52 Billion in the same quarter, one year ago. Norges Bank bought a new position in Synchrony Financial during the fourth quarter valued at about $289,634,000. Baupost Group LLC MA boosted its position in Synchrony Financial by 17.6% in the fourth quarter. Synchrony Financial has far performed well this year, with the share price down -25.39% since January. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Synchrony Financial were worth $10,052,000 as of its most recent filing with the SEC. Its last month's stock price volatility remained 2.75% which for the week stands at 2.65%. Finally, Mizuho Trust & Banking Co. Vanguard Group Inc. increased its stake in shares of Synchrony Financial by 2.6% in the first quarter. K.J. Harrison & Partners Inc now owns 61,000 shares of the financial services provider's stock valued at $1,708,000 after buying an additional 41,000 shares in the last quarter. Institutional investors own 89.10% of the company's stock.

On 05/17/2017 close, Synchrony Financial (NYSE:SYF) plummeted -1.27% to $26.50. Also, insider David P. Melito sold 748 shares of Synchrony Financial stock in a transaction dated Wednesday, April 5th. The stock has a market cap of $21.49 billion, a PE ratio of 10.11 and a beta of 1.06. Synchrony Financial has a 1-year low of $23.25 and a 1-year high of $38.06. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by $0.13. It has a return on equity (ROE) of 15.40%. For the current quarter the company has high EPS estimates of $0.65 in contradiction of low EPS estimates of $0.53. During the same period in the previous year, the company earned $0.70 EPS.

By historical standards, Synchrony Financial remains a cheap stock. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Thursday, May 4th.

Now the P/E of Synchrony Financial stands at 10.34.

COPYRIGHT VIOLATION WARNING: This report was reported by Markets Daily and is the sole property of of Markets Daily. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and worldwide trademark and copyright legislation. DA Davidson initiated the shares of SYF in report on Wednesday, January 13 with "Buy" rating.

"Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold". BTIG Research decreased their price objective on shares of Synchrony Financial from $42.00 to $36.00 and set a "buy" rating on the stock in a report on Monday, May 1st. Synchrony Financial (SYF) has made its way to a 12-month decline of -5.63%. The stock of Synchrony Financial (NYSE:SYF) has "Market Perform" rating given on Monday, October 19 by BMO Capital Markets.

Analysts' ultimate objective when projecting revenue is to determine the appropriate value for a stock. The correct version of this piece of content can be read at

12/07/2016 - Synchrony Financial was downgraded to "neutral" by analysts at Wedbush. The P/E Ratio measures its current share price relative to its per-share earnings. The shares were acquired at an average price of $27.80 per share, for a total transaction of $500,400.00. Following the completion of the purchase, the director now directly owns 55,389 shares in the company, valued at $1,539,814.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

An earnings forecast is an analyst's outlook for a company's future quarterly or annual earnings. The stock was sold at an average price of $36.13, for a total transaction of $292,978.17. The disclosure for this purchase can be found here. Over the last five days, shares have faced -4.48% losses and now is down -15.5% since hitting its 200-day moving average of $34.19. Closely-held shares are those owned by insiders, major shareholders and employees, while restricted stock refers to insider shares that can not be traded because of a temporary restriction such as the lock-up period after an initial public offering.

The company has been one of the biggest innovators in "Credit Services" employing approximately 15000 full time employees.


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