Synchrony Financial (NYSE:SYF) – Analysts at Jefferies Group upped their Q2 2018 earnings per share estimates for shares of Synchrony Financial in a research report issued on Wednesday, Zacks Investment Research reports. Jefferies Group analyst J. Hecht now expects that the financial services provider will earn $0.92 per share for the quarter, up from their previous forecast of $0.79. Jefferies Group has a “Buy” rating and a $44.00 price objective on the stock. Jefferies Group also issued estimates for Synchrony Financial’s Q3 2018 earnings at $0.84 EPS, FY2018 earnings at $3.50 EPS, Q1 2019 earnings at $1.27 EPS and FY2019 earnings at $4.20 EPS.
SYF has been the subject of a number of other reports. Barclays set a $40.00 target price on Synchrony Financial and gave the company a “buy” rating in a research note on Monday, October 23rd. Morgan Stanley boosted their price objective on Synchrony Financial from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Monday, October 23rd. JMP Securities boosted their price objective on Synchrony Financial from $35.00 to $37.00 and gave the stock a “market outperform” rating in a research report on Monday, October 23rd. Zacks Investment Research upgraded Synchrony Financial from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Wednesday, January 31st. Finally, BTIG Research reiterated a “buy” rating and set a $44.00 price objective on shares of Synchrony Financial in a research report on Sunday, December 17th. Nine equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Synchrony Financial presently has an average rating of “Buy” and an average price target of $38.30.
Shares of Synchrony Financial (NYSE SYF) traded down $1.80 during mid-day trading on Friday, reaching $36.88. The company’s stock had a trading volume of 10,358,426 shares, compared to its average volume of 6,580,000. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.47 and a current ratio of 1.45. Synchrony Financial has a 12 month low of $26.01 and a 12 month high of $40.59. The firm has a market capitalization of $28,860.00, a P/E ratio of 15.24, a P/E/G ratio of 1.49 and a beta of 1.01.
Synchrony Financial (NYSE:SYF) last issued its earnings results on Friday, January 19th. The financial services provider reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.07. Synchrony Financial had a return on equity of 14.62% and a net margin of 11.75%. The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same period in the previous year, the firm posted $0.70 earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Monday, February 5th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 1.63%. Synchrony Financial’s dividend payout ratio (DPR) is 24.79%.
In other Synchrony Financial news, insider David P. Melito sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $40.00, for a total value of $80,000.00. Following the completion of the sale, the insider now directly owns 39,259 shares in the company, valued at $1,570,360. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David P. Melito sold 2,580 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $35.00, for a total value of $90,300.00. The disclosure for this sale can be found here. Insiders sold 6,461 shares of company stock valued at $241,778 over the last 90 days. 0.03% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Synchrony Financial by 1.9% in the second quarter. Vanguard Group Inc. now owns 52,233,692 shares of the financial services provider’s stock valued at $1,557,609,000 after buying an additional 956,331 shares in the last quarter. FMR LLC increased its holdings in shares of Synchrony Financial by 27.1% in the second quarter. FMR LLC now owns 36,964,054 shares of the financial services provider’s stock valued at $1,102,267,000 after buying an additional 7,874,689 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in shares of Synchrony Financial by 2.1% in the third quarter. First Eagle Investment Management LLC now owns 17,666,015 shares of the financial services provider’s stock valued at $548,530,000 after buying an additional 362,810 shares in the last quarter. Berkshire Hathaway Inc. bought a new position in shares of Synchrony Financial in the second quarter valued at $520,747,000. Finally, CI Investments Inc. increased its holdings in shares of Synchrony Financial by 6.5% in the fourth quarter. CI Investments Inc. now owns 11,674,795 shares of the financial services provider’s stock valued at $450,764,000 after buying an additional 714,233 shares in the last quarter. 86.78% of the stock is currently owned by institutional investors.
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About Synchrony Financial
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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