First Eagle Investment Management LLC increased its holdings in shares of Synchrony Financial by 2.1% during the third quarter. Janus Henderson Group PLC increased its position in Synchrony Financial by 1,820.5% during the second quarter. HL Financial Services LLC now owns 17,968 shares of the financial services provider's stock valued at $536,000 after purchasing an additional 9,043 shares during the period. FMR LLC now owns 36,964,054 shares of the financial services provider's stock valued at $1,102,267,000 after acquiring an additional 7,874,689 shares in the last quarter. Advisors Asset Management Inc.'s holdings in Synchrony Financial were worth $2,285,000 at the end of the most recent quarter. Boston Partners now owns 12,891,959 shares of the financial services provider's stock valued at $384,439,000 after acquiring an additional 3,637,487 shares in the last quarter. Tdam USA Inc. lifted its stake in shares of Synchrony Financial by 241.9% in the 2nd quarter. Retirement Systems of Alabama lifted its stake in shares of Synchrony Financial by 0.3% in the 2nd quarter.
In other Synchrony Financial news, insider Jonathan S. Mothner sold 1,000 shares of the business's stock in a transaction that occurred on Friday, October 20th. The shares were acquired at an average cost of $34.20 per share, for a total transaction of $34,200.00. Following the transaction, the insider now owns 113,578 shares in the company, valued at $3,804,863. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The disclosure for this sale can be found here. The stock increased 0.30% or $0.35 during the last trading session, reaching $120.64. Insiders own 0.03% of the company's stock.
Synchrony Financial (SYF) ended its previous trading session at $37.31 with the Loss of -0.37%. 8,227,400 shares of the stock traded hands, compared to its average volume of 7,061,038. The company's market cap is $29.37 Billion, and the average volume is $6.43 Million. Md Sass Investors Services Inc sold 215,435 shares as Synchrony Finl (SYF)'s stock declined 26.83%.
Dugout more deeply and finding that are SYF earnings expected to grow/drop in the future, for this we can take help from price to earnings growth ratio that is 1.50, it is determining a stock's value while taking into account the earnings' growth.
Synchrony Financial (NYSE:SYF) last released its earnings results on Friday, October 20th. The financial services provider reported $0.70 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.64 by $0.06. The firm had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.78 billion.
Synchrony Financial (SYF)'s distance from 200 day simple moving average is 19.44 percent, its distance from 50 day simple moving average is 14.71 percent, while its distance from 20 day simple moving average is 10.81 percent. During the same period in the prior year, the company posted $0.73 earnings per share. sell-side analysts expect that Synchrony Financial will post 2.59 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 6th were given a $0.15 dividend. The ex-dividend date was Friday, November 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 1.61%. Synchrony Financial's payout ratio is 22.90%.
Several research firms have commented on SYF. Jefferies Group reaffirmed a "buy" rating and issued a $40.00 price target on shares of Synchrony Financial in a report on Thursday, September 21st. BMO Capital Markets reissued a "buy" rating and set a $40.00 price objective on shares of Synchrony Financial in a report on Friday, August 25th. Zacks Investment Research raised Synchrony Financial from a "strong sell" rating to a "hold" rating in a report on Monday, October 23rd. The company now has a consensus rating of "Buy" and a consensus target price of $37.14. Of the analysts who provided ratings, 4 rated the company a Hold, and 8 rated it a Strong Buy. Jefferies Group boosted their target price on Synchrony Financial to $44.00 and gave the stock a "top pick" rating in a report on Friday, December 1st.
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Relative strength index (RSI-14) for Synchrony Financial (SYF) is at 80.01. The company presently has an average rating of "Buy" and a consensus target price of $37.14. The Company's revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.