Synchrony Financial (NYSE:SYF) released its quarterly earnings data on Friday. The financial services provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.09, Bloomberg Earnings reports. The firm had revenue of $3.84 billion during the quarter, compared to analyst estimates of $3.89 billion. Synchrony Financial had a return on equity of 14.62% and a net margin of 11.75%. During the same quarter in the prior year, the firm posted $0.61 earnings per share.
SYF opened at $35.20 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of $26,759.64, a price-to-earnings ratio of 12.39, a PEG ratio of 1.37 and a beta of 1.12. Synchrony Financial has a 12-month low of $26.01 and a 12-month high of $40.59.
A number of research firms have recently weighed in on SYF. Citigroup began coverage on Synchrony Financial in a research note on Thursday, April 5th. They set a “neutral” rating and a $37.00 price objective for the company. Zacks Investment Research upgraded Synchrony Financial from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Wednesday, January 31st. Barclays set a $53.00 target price on Synchrony Financial and gave the company a “buy” rating in a report on Monday, January 22nd. ValuEngine downgraded Synchrony Financial from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Finally, Wells Fargo upgraded Synchrony Financial from a “market perform” rating to an “outperform” rating and set a $35.00 target price for the company in a report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $38.43.
In other Synchrony Financial news, insider Neeraj Mehta sold 2,299 shares of the stock in a transaction on Wednesday, April 4th. The stock was sold at an average price of $32.69, for a total value of $75,154.31. Following the completion of the transaction, the insider now owns 65,867 shares in the company, valued at $2,153,192.23. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Thomas M. Quindlen sold 10,712 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $36.73, for a total value of $393,451.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,149 shares of company stock valued at $950,771. 0.07% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Harbour Capital Advisors LLC raised its holdings in Synchrony Financial by 4.5% in the fourth quarter. Harbour Capital Advisors LLC now owns 32,630 shares of the financial services provider’s stock worth $1,260,000 after purchasing an additional 1,405 shares in the last quarter. BB&T Corp raised its holdings in Synchrony Financial by 4.5% in the fourth quarter. BB&T Corp now owns 33,086 shares of the financial services provider’s stock worth $1,277,000 after purchasing an additional 1,417 shares in the last quarter. Carnick & Kubik Group LLC raised its holdings in Synchrony Financial by 3.7% in the fourth quarter. Carnick & Kubik Group LLC now owns 41,991 shares of the financial services provider’s stock worth $1,621,000 after purchasing an additional 1,509 shares in the last quarter. Westchester Capital Management Inc. raised its holdings in Synchrony Financial by 0.6% in the fourth quarter. Westchester Capital Management Inc. now owns 252,146 shares of the financial services provider’s stock worth $9,735,000 after purchasing an additional 1,515 shares in the last quarter. Finally, First Allied Advisory Services Inc. increased its holdings in shares of Synchrony Financial by 20.8% during the fourth quarter. First Allied Advisory Services Inc. now owns 9,174 shares of the financial services provider’s stock valued at $357,000 after acquiring an additional 1,578 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.
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Synchrony Financial Company Profile
Synchrony Financial operates as a consumer financial services company in the United States. The company offers private label credit cards, dual cards, general purpose co-branded credit cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans.
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