Barclays restated a "buy" rating and issued a $43.00 target price on shares of Synchrony Financial in a report on Tuesday, November 21st. On Friday, May 5 the stock rating was maintained by RBC Capital Markets with "Outperform".
The company is estimated to report earnings on Jan 19 BMO. Synchrony Financial has been given an analysts' mean target of 44.96.
Other research analysts also recently issued research reports about the company. Zacks Investment Research's sales averages are a mean average based on a survey of sell-side research analysts that follow Synchrony Financial.
Synchrony Financial (NYSE:SYF) last posted its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.70 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.63 by $0.07. The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.96 billion.
Synchrony Financial (NYSE:SYF) gross margin percentage stands at 0% while its operating margin for the past trailing twelve month is 60 percent and its overall profit margin (ttm) is 13.5 Percent. During the same quarter previous year, the company earned $0.70 earnings per share. SYF reported a change of 4.41% over the last week and performed 2.95% over the last month while its year to date (YTD) performance revealed an activity trend of 2.93%. Oppenheimer reiterated a "hold" rating on shares of Synchrony Financial in a research note on Tuesday, October 31st. Buckingham Research initiated the shares of SYF in report on Wednesday, August 26 with "Buy" rating. The company was maintained on Friday, December 8 by Morgan Stanley.
In related news, Director Laurel Richie acquired 1,000 shares of the stock in a transaction on Monday, November 20th. Trellus Management Company Llc sold 75,756 shares as the company's stock rose 28.22% with the market. In the last quarter, insiders have sold 7,961 shares of company stock valued at $291,008. The acquisition was disclosed in a filing with the SEC, which is available through this link.
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In other news, insider David P. Melito sold 2,000 shares of Synchrony Financial stock in a transaction that occurred on Wednesday, January 10th. The shares were purchased at an average cost of $34.20 per share, with a total value of $34,200.00. Following the transaction, the insider now owns 39,259 shares of the company's stock, valued at approximately $1,570,360. The disclosure for this purchase can be found here.
The stock decreased 5.21% or $0.15 during the last trading session, reaching $2.73.
A number of hedge funds have recently added to or reduced their stakes in SYF. Commonwealth Bank of Australia raised its holdings in shares of Synchrony Financial by 128.9% during the 2nd quarter. The institutional investor held 695,789 shares of the major banks company at the end of 2017Q3, valued at $17.63 million, down from 708,847 at the end of the previous reported quarter. Patten Group Inc. increased its holdings in shares of Synchrony Financial by 3,019.4% during the third quarter. Westside Investment Management Inc. increased its holdings in Synchrony Financial by 32.1% in the 2nd quarter. Mutual Of America Capital Management Llc sold 10,296 shares as the company's stock declined 26.83% while stock markets rallied. Moreover, Castine Capital Management Llc has 2.7% invested in the company for 121,538 shares. Commerzbank Aktiengesellschaft FI now owns 147,970 shares of the financial services provider's stock worth $5,713,000 after buying an additional 29,421 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Synchrony Financial by 9.9% in the 2nd quarter. Patten Group Inc. now owns 106,713 shares of the financial services provider's stock worth $106,000 after buying an additional 103,292 shares in the last quarter. The stock increased 0.14% or $0.05 during the last trading session, reaching $32.14. Considering that the stock recent volume of 7369064 shares, this represents a pretty noteworthy trading in volume size. The stock has a market capitalization of $31,470.00, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 1.53 and a beta of 1.06. Synchrony Financial has a one year low of $26.01 and a one year high of $40.24. Shareholders of record on Monday, February 5th will be paid a dividend of $0.15 per share. Its down 0.36, from 1.69 in 2017Q2. The ex-dividend date is Friday, February 2nd. Synchrony Financial's dividend payout ratio (DPR) is presently 24.79%.
COPYRIGHT VIOLATION WARNING: This article was originally reported by Registrar Journal and is the sole property of of Registrar Journal. If you are accessing this report on another site, it was illegally stolen and republished in violation of United States & worldwide trademark & copyright law. Synchrony Financial now has $30.98 billion valuation.
Independent Bank Group, Inc. operates as the bank holding firm for Independent Bank that provides a range of commercial banking services and products to businesses, professionals, and individuals in the United States.
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