Economy

Synchrony Financial (SYF) Stake Up in Latest Report from Tcw Group Inc

ING Groep NV now owns 39,434 shares of the financial services provider's stock worth $1,176,000 after buying an additional 140 shares during the last quarter. Wood maintained Synchrony Financial (NYSE:SYF) rating on Wednesday, April 12.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. increased its stake in shares of Synchrony Financial by 41.7% in the first quarter. First Quadrant L P CA increased its stake in shares of Synchrony Financial by 55.4% in the second quarter. First Quadrant L P CA now owns 3,726 shares of the financial services provider's stock valued at $111,000 after buying an additional 1,328 shares during the period. Global X Management Co. Finally, Raymond James Trust N.A. boosted its stake in Synchrony Financial by 4.3% in the first quarter. Gulf International Bank UK Ltd now owns 253,645 shares of the financial services provider's stock worth $8,700,000 after buying an additional 3,100 shares during the period.

Tdam USA Inc. boosted its position in shares of Synchrony Financial (NYSE:SYF) by 241.9% during the second quarter, Holdings Channel reports.

Synchrony Financial (NYSE:SYF) tinted gains of +1.05% (+0.32 points) to US$30.72. About 1.99M shares traded. The stock closing price is now trading upward to its 50 day moving average with change of 4.74%, escalated to its 20 day moving average with figure of 2.56% and behind its 200 day moving average with value -5.49%. The company has a market capitalization of $24.00 billion, a price-to-earnings ratio of 11.33 and a beta of 1.01. The company rocked its 52-Week High of $38.06 and touched its 52-Week Low of $26.01.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Friday, July 21st. Rehmann Capital Advisory Group boosted its position in shares of Synchrony Financial by 0.3% in the first quarter.

Last time, the company shocked Wall Street by reporting EPS of $0.61, smashing the consensus of $0.57 per share. Synchrony Financial (NYSE:SYF) notched a 12-month high of $36.00 while $41.00 target is by far the most aggressive out of analysts who are now evaluating SYF, $5 higher than the next highest 52-week price estimate. (IBP) stock confirmed the flow of 1.91% with the final price of $58.55. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued. Shareholders of record on Monday, August 7th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.05%. "Buys Panera Bread Co, Altaba Inc, CR Bard Inc, Sells ..." on August 03, 2017. Synchrony Financial's dividend payout ratio (DPR) is now 22.64%.

WARNING: "Zacks: Brokerages Expect Synchrony Financial (NYSE:SYF) Will Post Earnings of $0.67 Per Share" was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another domain, it was illegally copied and republished in violation of United States & worldwide copyright and trademark legislation. The correct version of this news story can be viewed at https://www.com-unik.info/2017/08/09/state-of-alaska-department-of-revenue-boosts-stake-in-synchrony-financial-nysesyf.html.

SYF has been the topic of several research analyst reports. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal.

July 25 investment analysts at Morgan Stanley maintained a company rating of "Overweight" and moved up the price target from $30.00 to $35.00. The rating was initiated by Macquarie Research on Wednesday, May 11 with "Neutral". BofA/Merrill raised its rating on Synchrony Financial to Buy on 15/12/2016 in a reversal from its prior Neutral rating.

Among 18 analysts covering Du Pont (NYSE:DD), 8 have Buy rating, 3 Sell and 7 Hold. The company has an average rating of "Buy" and a consensus target price of $37.46. The stock was purchased at an average cost of $30.85 per share, for a total transaction of $61,700.00. The average volume stands around 8.31 million shares. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. During the same period a year ago, the company earned $0.58 earnings per share. Currently, Synchrony Financial net profit margin for the 12 months is at 14.84%. The Firm provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company's revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.



Like this

Latest


12 August 2017
49ers vs. Chiefs: Game preview with Niners Noise
He led the Hawkeyes to a 12-0 record during the 2015 season, and berths in the Big Ten championship game and the Rose Bowl Game. Also, the only thing anyone will really be talking about until the next game is Patrick Mahomes and Alex Smith . "We've grown.

12 August 2017
Clashes at Zakir Musa's native village in Tral as forces launch CASO
According to police, the three were killed in a gunfight in Gulab Bagh village in south Kashmir's Pulwama. Thousands of people attended funeral prayers led by noted cleric Mushtaq Ahmed Veeri.

12 August 2017
Makwala runs solo, qualifies for 200m semifinals
Farah won the 10,000 meters on Friday for his sixth word championship gold and he is going for No. 7 on Saturday. But Taylor was disappointed not to have broken Jonathan Edwards' record of 18.29m. "I just vomited.

12 August 2017
Eclipse viewing safety on "This Week"
Stepien also recommends checking to make sure there are no scratches, holes or damage to the solar filters on protective eyewear. You will also need to use solar filter on cameras, binoculars and telescopes and don't use eclipse glasses to look through them.

12 August 2017
Omarosa causes uproar at Black Journalists convention
Cobb told Page Six that Omarosa's inclusion wasn't the sole reason for quitting the panel, branding the event "very disorganized". Hannah-Jones and Cobb pulled out of the panel, and Bounce TV's Ed Gordon stepped in to serve as the event's moderator.

12 August 2017
Game of Thrones teasers for season 7, episode 5
Mirri Maz Duur performing the ceremony that would kill Daenerys Targaryen's son Rhaego and leave Khal Drogo in a vegetative state. Meanwhile, Daenerys tried hard to convince Jon Snow to put his pride aside as a condition to having an alliance with him.

12 August 2017
Universal Health Services (NYSE:UHS) Receiving Somewhat Positive Press Coverage, Study Shows
Finally, Columbus Circle Investors boosted its position in shares of Universal Health Services by 151.5% in the first quarter. It increased, as 52 investors sold UHS shares while 160 reduced holdings. 24 funds opened positions while 37 raised stakes.

12 August 2017
Brittney Reese Paid Respects To Her Grandfather In Winning Long Jump Gold
The 30-year-old Reese secured victory with her third jump of 7.02 metres, beating Klishina by two centimetres. Klinshina, 26, was satisified with a medal, her first from a world championships.

12 August 2017
Over 50 Lingayat seers meet CM, demand separate religion tag
Some prominent seers, including those of Suttur Mutt and Siddaganga Mutt, however, were not present at the meeting. However, amongst the separatists, infighting arose regarding the difference between Veerashaivas and Lingayats.

12 August 2017
Evercore ISI Reaffirms "Buy" Rating for Transocean Ltd. (NYSE:RIG)
Fmr Llc decreased Cooper Tire & Rubr Co (NYSE:CTB) stake by 244,000 shares to 1.07M valued at $41.68 million in 2016Q4. As of the end of the quarter Alliancebernstein L.P. had acquired a total of 8,207 shares growing its holdings by 1.4%.



Recommended