Synchrony Financial (NYSE:SYF) – Jefferies Group cut their Q4 2017 earnings per share estimates for shares of Synchrony Financial in a research note issued to investors on Friday. Jefferies Group analyst J. Hecht now expects that the financial services provider will post earnings of $0.62 per share for the quarter, down from their previous forecast of $0.65. Jefferies Group currently has a “Top Pick” rating and a $44.00 price objective on the stock. Jefferies Group also issued estimates for Synchrony Financial’s Q2 2018 earnings at $0.79 EPS, Q3 2018 earnings at $0.72 EPS, Q4 2018 earnings at $0.90 EPS, FY2018 earnings at $3.15 EPS, Q2 2019 earnings at $0.85 EPS and FY2019 earnings at $3.65 EPS.
Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Friday, October 20th. The financial services provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. Synchrony Financial had a return on equity of 14.84% and a net margin of 13.17%. The firm had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share.
Synchrony Financial (NYSE:SYF) opened at $35.94 on Monday. The company has a market capitalization of $28,126.36, a P/E ratio of 13.72, a P/E/G ratio of 1.81 and a beta of 1.06. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.38. Synchrony Financial has a twelve month low of $26.01 and a twelve month high of $38.06.
Institutional investors and hedge funds have recently bought and sold shares of the company. Federated Investors Inc. PA lifted its position in Synchrony Financial by 0.6% in the second quarter. Federated Investors Inc. PA now owns 26,333 shares of the financial services provider’s stock worth $786,000 after purchasing an additional 166 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Synchrony Financial by 9.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,387 shares of the financial services provider’s stock worth $160,000 after purchasing an additional 486 shares during the period. Horan Capital Advisors LLC. lifted its position in Synchrony Financial by 0.5% in the second quarter. Horan Capital Advisors LLC. now owns 100,524 shares of the financial services provider’s stock worth $2,998,000 after purchasing an additional 525 shares during the period. Wedbush Securities Inc. lifted its position in Synchrony Financial by 8.4% in the second quarter. Wedbush Securities Inc. now owns 8,978 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 695 shares during the period. Finally, Conning Inc. lifted its position in Synchrony Financial by 4.2% in the second quarter. Conning Inc. now owns 17,613 shares of the financial services provider’s stock worth $525,000 after purchasing an additional 710 shares during the period. 85.68% of the stock is owned by institutional investors.
In other news, insider Jonathan S. Mothner sold 1,000 shares of the stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $33.50, for a total value of $33,500.00. Following the completion of the sale, the insider now directly owns 113,578 shares of the company’s stock, valued at $3,804,863. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Olympia J. Snowe acquired 3,000 shares of Synchrony Financial stock in a transaction dated Friday, November 17th. The stock was acquired at an average cost of $33.40 per share, with a total value of $100,200.00. Following the completion of the transaction, the director now directly owns 10,608 shares of the company’s stock, valued at approximately $354,307.20. The disclosure for this purchase can be found here. Insiders sold 5,080 shares of company stock valued at $173,030 over the last three months. 0.03% of the stock is owned by company insiders.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, November 6th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.60 annualized dividend and a dividend yield of 1.67%. Synchrony Financial’s dividend payout ratio is 22.90%.
Synchrony Financial Company Profile
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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