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 https://transcriptdaily.com/2017/05/16/synchrony-financial-syf-shares-sold-by-zurcher-kantonalbank-zurich-cantonalbank.html.

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.

Recommended:

  • 'Mamma Mia' Sequel in the Works

    'Mamma Mia' Sequel in the Works

    Also returning are lyrical and music supervisors Benny Andersson and Björn Ulvaeu, acting as executive producers as well. Littlestar's Judy Craymer and Playtone's Gary Goetzman, who produced the original, will reteam for the sequel.

    Lawmakers Demand Swift Action for Turkish Embassy Violence

    The Turkish Embassy blamed the demonstrators, accusing them of provoking Turkish-Americans who were there to support Erdogan. In April, the US had criticized Turkish airstrikes against Kurdish militants in Syria and Iraq.
    NHS cyberattack: Trusts were told about security patch last month

    NHS cyberattack: Trusts were told about security patch last month

    A 22-year old security researcher in the United Kingdom discovered a "kill-switch" to initially stop the spread of the attack. NHS organisations across the country are on alert for a possible recurrence of Friday's cyberattack as staff return to work.
  • The Destiny 2 Gameplay reveal is happening today

    All experience and customizations from the first game will be wiped as players both new and old can mesh together come September. In the middle of a raging storm, the guardians scan the cloudy horizon as they protect the last safe city on the planet.
    Missing 1-year-old out of San Francisco found, suspect arrested

    Missing 1-year-old out of San Francisco found, suspect arrested

    According to police, Lam was believed to be driving a tan 2000 Toyota Corolla with the California license plate of 5SEY238. Rodriguez said the boy's mother went to police Thursday to report that her son had not been returned by his father.

    Inventories drop, but extra supplies weigh (RDSA)

    For 2018, oil demand is expected to increase by 300,000 bpd, down from a previously forecast rise of 340,000 bpd. Currently, OPEC is planning to extend the tenure of this oil curb to the year-end or to next year.
  • To give contract for student loan servicing to one company

    To give contract for student loan servicing to one company

    Secretary of Education Betsy DeVos is a radical Christian extremist who wants to use American schools to "advance God's kingdom". Federally funded after-school programs that keep 1.6 million American kids safe and provide wholesome activities would vanish.

    Kevin Love Quietly Had His Best Playoff Game Ever Against The Celtics

    They gave double priority to offense and slacked on defense - a strategy good enough for a Western Semifinals appearance. Yet two of the final three games in this series are at TD Garden, where the Wizards haven't won since April 16, 2014.
    Radio communications have surprising influence on Earth's near-space environment

    Radio communications have surprising influence on Earth's near-space environment

    Now scientists at NASA have discovered that we have also been shaping our near-space environments with radio signals. But the data could help NASA protect astronauts and satellites from space radiation.
  • Harry Kane scores four goals as Tottenham rout Leicester City

    Harry Kane scores four goals as Tottenham rout Leicester City

    Kane scored 25 goals last season to claim the Golden Boot, as Tottenham finished third, having netted 21 times in 2014-15. But Pochettino insists Tottenham are not in a position to sell any player who they see as important to the squad.
    De Villiers: I haven't retired from Test cricket

    De Villiers: I haven't retired from Test cricket

    Cricket South Africa (CSA) does languish behind when it comes to paying their players in comparison to Australia and England. De Villiers was speaking ahead of South Africa's three match ODI series against England set to begin next week.

    US President Trump launches NAFTA renegotiation

    Lighthizer told reporters that he hopes negotiations will be completed by the end of 2017, according to Reuters . President Donald Trump has officially alerted Congress that he will begin NAFTA renegotiation talks.


Popular

Supreme Court Won't Resurrect North Carolina's Voter ID Law
The law also eliminated same-day voter registration, and significantly reduced the number of early voting days. Supreme Court today left in place a lower court decision that struck down North Carolina's voter ID law.

5 takeaways from Game 3 against Boston Celtics — Washington Wizards
And poor Kelly Olynyk was left out to dry against LeBron, who chose to toy with Olynyk before taking him to the basket. And then there's the fatigue factor, which it looked like the Celtics were suffering from at the start of Game 1 .

USA imposes sanctions on Venezuela Supreme Court
He added: "And we will do whatever is necessary and we will work together to do whatever is necessary to help with fixing that". The new administration has sought to forge a united front with Latin American countries to pressure the Venezuela government.

Sweden drops rape charge against Wikileaks founder
Manning, a transgender woman and US soldier, was convicted of espionage in 2013 and sentenced to 35 years in an all-male prison. On Friday, the group released what it said were new details of Central Intelligence Agency cyberespionage tools.

Culpeper Lidl to open June 15
The catch? The discount grocery chain didn't say which of the 20 planned stores would be first. The German grocery chain Lidl is opening its first stores in U.S. after years of preparation.