Synchrony Financial (NYSE:SYF) Announces Earnings Results, Beats Estimates By $0.14 EPS

Synchrony Financial (NYSE:SYFGet Rating) announced its earnings results on Monday. The financial services provider reported $1.26 EPS for the quarter, topping the consensus estimate of $1.12 by $0.14, RTT News reports. The firm had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.04 billion. Synchrony Financial had a net margin of 17.51% and a return on equity of 24.07%. During the same quarter last year, the firm posted $1.48 EPS.

Synchrony Financial Price Performance

SYF stock traded down $0.09 during trading on Wednesday, hitting $35.28. 1,259,684 shares of the stock traded hands, compared to its average volume of 6,785,574. The stock has a market cap of $15.90 billion, a price-to-earnings ratio of 5.60, a P/E/G ratio of 0.98 and a beta of 1.61. Synchrony Financial has a one year low of $27.22 and a one year high of $47.05. The company has a current ratio of 1.20, a quick ratio of 1.21 and a debt-to-equity ratio of 1.17. The company has a 50 day simple moving average of $34.25 and a 200 day simple moving average of $33.43.

Analysts Set New Price Targets

Several research firms have recently weighed in on SYF. JPMorgan Chase & Co. reduced their price objective on Synchrony Financial from $39.00 to $36.00 in a research report on Tuesday, January 10th. UBS Group assumed coverage on shares of Synchrony Financial in a research report on Monday, November 21st. They issued a “neutral” rating and a $42.00 price target on the stock. StockNews.com lowered shares of Synchrony Financial from a “buy” rating to a “hold” rating in a research report on Thursday, October 20th. The Goldman Sachs Group increased their target price on shares of Synchrony Financial from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, October 26th. Finally, Citigroup boosted their price target on Synchrony Financial from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $39.27.

Insider Transactions at Synchrony Financial

In other Synchrony Financial news, insider Margaret M. Keane sold 68,369 shares of the business’s stock in a transaction on Monday, November 28th. The stock was sold at an average price of $36.50, for a total value of $2,495,468.50. Following the transaction, the insider now owns 762,786 shares of the company’s stock, valued at $27,841,689. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Synchrony Financial news, insider Carol Juel sold 31,303 shares of the company’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $40.00, for a total transaction of $1,252,120.00. Following the transaction, the insider now owns 55,929 shares of the company’s stock, valued at approximately $2,237,160. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Margaret M. Keane sold 68,369 shares of the business’s stock in a transaction on Monday, November 28th. The stock was sold at an average price of $36.50, for a total value of $2,495,468.50. Following the sale, the insider now owns 762,786 shares of the company’s stock, valued at approximately $27,841,689. The disclosure for this sale can be found here. Company insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Horizon Investments LLC lifted its holdings in Synchrony Financial by 8.2% during the first quarter. Horizon Investments LLC now owns 14,858 shares of the financial services provider’s stock worth $514,000 after acquiring an additional 1,122 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its position in Synchrony Financial by 3.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 18,057 shares of the financial services provider’s stock worth $510,000 after buying an additional 559 shares during the last quarter. SVB Wealth LLC raised its stake in Synchrony Financial by 9.2% in the 1st quarter. SVB Wealth LLC now owns 13,335 shares of the financial services provider’s stock valued at $464,000 after acquiring an additional 1,118 shares during the period. Pathstone Family Office LLC boosted its holdings in shares of Synchrony Financial by 22.5% during the 3rd quarter. Pathstone Family Office LLC now owns 15,118 shares of the financial services provider’s stock worth $426,000 after buying an additional 2,777 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. raised its holdings in Synchrony Financial by 2.3% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,310 shares of the financial services provider’s stock valued at $423,000 after acquiring an additional 351 shares during the period. Institutional investors and hedge funds own 95.97% of the company’s stock.

About Synchrony Financial

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Synchrony Financial engages in the provision of consumer financial services. It operates through three sales platforms: Retail Card, Payment Solutions, and CareCredit. The Retail Card platform is a provider of private label credit cards, and also provides Dual Cards and small-and medium-sized business credit products.

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Earnings History for Synchrony Financial (NYSE:SYF)

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