Synchrony Financial (NYSE:SYF) Posts Earnings Results, Beats Expectations By $0.14 EPS

Synchrony Financial (NYSE:SYFGet Rating) announced its quarterly earnings results on Monday. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.14, RTT News reports. The business had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.04 billion. Synchrony Financial had a return on equity of 24.07% and a net margin of 17.51%. During the same period in the previous year, the company earned $1.48 EPS.

Synchrony Financial Stock Performance

Shares of SYF stock traded up $0.18 during trading hours on Wednesday, reaching $35.55. 330,928 shares of the company’s stock were exchanged, compared to its average volume of 6,727,527. Synchrony Financial has a fifty-two week low of $27.22 and a fifty-two week high of $47.05. The company has a quick ratio of 1.21, a current ratio of 1.20 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $16.02 billion, a P/E ratio of 5.60, a P/E/G ratio of 0.98 and a beta of 1.61. The business has a fifty day moving average price of $34.25 and a 200-day moving average price of $33.43.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SYF shares. Credit Suisse Group cut their price objective on shares of Synchrony Financial from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Tuesday. StockNews.com lowered shares of Synchrony Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 20th. BMO Capital Markets lowered their target price on shares of Synchrony Financial from $56.00 to $53.00 and set an “outperform” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. reduced their price target on Synchrony Financial from $39.00 to $36.00 in a research report on Tuesday, January 10th. Finally, Citigroup upped their price target on Synchrony Financial from $44.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $39.27.

Insider Activity

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

Institutional Trading of Synchrony Financial

Institutional investors have recently modified their holdings of the company. First Trust Advisors LP raised its stake in shares of Synchrony Financial by 853.5% in the first quarter. First Trust Advisors LP now owns 6,218,641 shares of the financial services provider’s stock valued at $216,471,000 after purchasing an additional 5,566,481 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Synchrony Financial in the 1st quarter valued at $61,172,000. Goldman Sachs Group Inc. lifted its holdings in shares of Synchrony Financial by 6.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,123,671 shares of the financial services provider’s stock worth $282,786,000 after acquiring an additional 484,220 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of Synchrony Financial by 45.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 550,851 shares of the financial services provider’s stock worth $19,175,000 after acquiring an additional 171,755 shares during the period. Finally, Worldquant Millennium Advisors LLC acquired a new stake in shares of Synchrony Financial during the 1st quarter valued at about $4,950,000. Institutional investors and hedge funds own 95.97% of the company’s stock.

Synchrony Financial Company Profile

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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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