Analysts await Synchrony Financial (NYSE:SYF) to report earnings on July, 28. The stock is presently trading up its SMA-50 of $34.45. The stock dropped -1.60% beyond one week and declined -19.33% during previous one month session.
A number of research analysts recently issued reports on SYF shares.
Brokerage houses, on average, are recommending investors to buy Synchrony Financial (SYF)’s shares projecting a $36.23 target price. Wells Fargo & Co initiated coverage on Synchrony Financial in a research report on Wednesday, March 29th. Following volatility data can help measure how much the stock price has fluctuated over the specified time period. Jefferies Group LLC reiterated a “buy” rating and issued a $45.00 target price on shares of Synchrony Financial in a research note on Monday, January 23rd.
05/01/2017 – Synchrony Financial was downgraded to “neutral” by analysts at Goldman Sachs. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock.
Synchrony Financial (SFY) hiked its dividend to 15 cents per share from 13 cents per share, while also approving a share repurchase program of up to $1.64 billion through June 30, 2018. The company’s stock has a normal trading capacity of 8.10M shares while the relative volume is 1.45. The Company has 52-week high of $37.75 and 52-week low of $22.85. The company had Year Ago Sales of 3.21 Billion.
Over the last 5 years, Synchrony Financial has averaged a 3.50% YoY EPS growth rate and a 10.10% revenue growth rate. According to these analysts, the Low Revenue Estimate for Synchrony Financial is 3.54 Billion and the High Revenue Estimate is 3.66 Billion. Looking at this figure it suggests that the shares of Synchrony Financial (SYF) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that Synchrony Financial (SYF) is a good investment, however if the market is weaker then it could suggest that the shares are undervalued. Analysts expect that Synchrony Financial will post $2.60 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 18th. Stockholders of record on Monday, May 8th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend was Thursday, May 4th. Synchrony Financial’s payout ratio is now 19.19%.
WARNING: This piece of content was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another website, it was stolen and republished in violation of USA and worldwide trademark & copyright legislation. The stock of Synchrony Financial (NYSE:SYF) earned “Neutral” rating by Wedbush on Wednesday, December 7. This ratio is calculated by dividing the current share price by the book value per share. Another trade for 24,128 shares valued at $2.71 million was sold by Murphy Timothy H. Shares for $764,500 were sold by Cairns Ann on Friday, January 20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Sometimes it may seem like it, but analysts don’t just pull their price targets out of thin air. Following the transaction, the insider now owns 169,962 shares in the company, valued at approximately $6,140,727.06. The disclosure for this sale can be found here. Insiders sold a total of 9,457 shares of company stock worth $339,056 in the last quarter.
Several hedge funds have recently modified their holdings of SYF. Commonwealth Bank of Australia increased its position in Synchrony Financial by 50.2% in the third quarter. Moreover, 1832 Asset Mgmt Limited Partnership has 0.51% invested in Mastercard Inc (NYSE:MA) for 1.36M shares.
In other Synchrony Financial news, insider David P. Melito sold 748 shares of the firm’s stock in a transaction that occurred on Wednesday, April 5th. State Street Corp raised its position in Synchrony Financial by 6.9% in the fourth quarter. State Street Corp now owns 35,391,924 shares of the financial services provider’s stock valued at $1,283,661,000 after buying an additional 2,287,606 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Synchrony Financial by 21.5% in the first quarter. Hosking Partners LLP now owns 1,381,898 shares of the financial services provider’s stock worth $38,693,000 after buying an additional 166,934 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Synchrony Financial by 3.4% in the first quarter.
In related news, Director Will W. Graylin purchased 18,000 shares of the firm’s stock in a transaction on Monday, May 1st.
The institutional investor held 112,288 shares of the consumer services company at the end of 2016Q4, valued at $4.07 million, down from 220,548 at the end of the previous reported quarter.