Synchrony Financial (NYSE:SYF) Issues Quarterly Earnings Results, Beats Estimates By $0.12 EPS
by Renee Jackson · The Cerbat GemSynchrony Financial (NYSE:SYF – Get Free Report) issued its quarterly earnings results on Tuesday. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.12, FiscalAI reports. The firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Synchrony Financial had a return on equity of 23.07% and a net margin of 15.72%.
Synchrony Financial Price Performance
Shares of NYSE SYF opened at $78.79 on Tuesday. The stock has a fifty day moving average price of $69.70 and a 200 day moving average price of $74.63. The company has a market cap of $27.39 billion, a PE ratio of 8.48, a P/E/G ratio of 0.69 and a beta of 1.39. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.24 and a quick ratio of 1.24. Synchrony Financial has a 1-year low of $46.13 and a 1-year high of $88.77.
Synchrony Financial Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, February 6th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, February 6th. This represents a $1.20 annualized dividend and a dividend yield of 1.5%. Synchrony Financial’s dividend payout ratio (DPR) is currently 12.92%.
Insider Transactions at Synchrony Financial
In other Synchrony Financial news, insider Bart Schaller sold 12,980 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $67.71, for a total value of $878,875.80. Following the completion of the transaction, the insider owned 34,035 shares in the company, valued at approximately $2,304,509.85. This represents a 27.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Alberto Casellas sold 14,399 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $67.71, for a total value of $974,956.29. Following the completion of the transaction, the insider owned 50,331 shares of the company’s stock, valued at $3,407,912.01. The trade was a 22.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 379,928 shares of company stock valued at $26,170,764 in the last three months. Insiders own 0.33% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. FWL Investment Management LLC purchased a new position in Synchrony Financial in the third quarter worth $26,000. Palisade Asset Management LLC acquired a new stake in shares of Synchrony Financial in the 3rd quarter worth approximately $29,000. Advisors Asset Management Inc. acquired a new stake in shares of Synchrony Financial in the 4th quarter worth approximately $29,000. Geneos Wealth Management Inc. grew its holdings in shares of Synchrony Financial by 337.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 455 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA grew its holdings in shares of Synchrony Financial by 75.8% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 580 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 250 shares during the period. Hedge funds and other institutional investors own 96.48% of the company’s stock.
Analyst Ratings Changes
Several brokerages recently issued reports on SYF. Barclays dropped their price target on Synchrony Financial from $93.00 to $82.00 and set an “overweight” rating on the stock in a research report on Monday, April 6th. Robert W. Baird raised Synchrony Financial from a “neutral” rating to an “outperform” rating and set a $83.00 price target for the company in a report on Friday, February 13th. Wall Street Zen downgraded Synchrony Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Royal Bank Of Canada decreased their price target on Synchrony Financial from $91.00 to $85.00 and set a “sector perform” rating for the company in a report on Wednesday, January 28th. Finally, Truist Financial decreased their price target on Synchrony Financial from $84.00 to $71.00 and set a “hold” rating for the company in a report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Synchrony Financial currently has an average rating of “Moderate Buy” and an average target price of $85.00.
View Our Latest Stock Analysis on SYF
Synchrony Financial Company Profile
Synchrony Financial (NYSE: SYF) is a consumer financial services company that specializes in providing point-of-sale financing and private-label, co-branded and branded credit card programs. The company serves as a payments and lending partner to retailers, digital merchants and service providers, offering consumer financing solutions designed to drive customer engagement and sales. Synchrony also operates a direct bank that offers deposit products, including savings accounts and certificates of deposit, which support its funding and customer-facing product suite.
Its core product set includes private-label and co-branded credit cards, general-purpose credit cards, installment loan programs and promotional financing options that are integrated into merchants’ checkout experiences.