Economy

Today Analysts Focus on Synchrony Financial (SYF), LendingClub Corporation (LC)

Synchrony Financial (NYSE:SYF) earnings have risen with a quarterly rate of 10.1% over the last 5 years.

In related news, Director Paget Leonard Alves acquired 2,000 shares of Synchrony Financial stock in a transaction on Monday, July 24th.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Friday, July 21st. The fund owned 956,904 shares of the financial services provider's stock after selling 198,009 shares during the quarter. JPMorgan Chase & Co. lifted its stake in shares of Synchrony Financial by 46.7% during the 1st quarter. IFP Advisors Inc raised its stake in shares of Synchrony Financial by 3.6% in the second quarter. Southpoint Capital Advisors Lp sold 2.00 million shares as Synchrony Finl (SYF)'s stock declined 26.83%. Point72 Asset Management L.P. now owns 3,667,370 shares of the financial services provider's stock worth $125,791,000 after purchasing an additional 1,353,070 shares during the period. Finally, British Columbia Investment Management Corp boosted its position in Synchrony Financial by 32.4% during the first quarter. The institutional investor held 67,860 shares of the restaurants company at the end of 2016Q4, valued at $3.77 million, up from 11,716 at the end of the previous reported quarter. Bronfman E.L. Rothschild L.P. now owns 5,350 shares of the company's stock worth $150,000 after buying an additional 225 shares during the last quarter.

Synchrony Financial (NYSE:SYF) has 20 days moving average price of -2.67% from last close price of 29.32 and act as support or resistance of price limit. 982,371 shares of the company were exchanged. And then on the other side of the spectrum one analyst entrenched in the bullish camp has a target as high as $174. BMO Capital Markets reaffirmed a "buy" rating and set a $40.00 target price on shares of Synchrony Financial in a research report on Friday, August 25th. The share price has moved backward from its 20 days moving average, trading at a distance of -3.18% and stays -2.66% away from its 50 days moving average. The stock of Synchrony Financial (NYSE:SYF) has "Hold" rating given on Friday, July 21 by Oppenheimer. The financial services provider reported $0.61 EPS for the quarter, beating the Zacks' consensus estimate of $0.58 by $0.03. Synchrony Financial had a return on equity of 15.30% and a net margin of 13.84%. In contrast to the year ago quarter EPS was at 0.77. The stock now has Weekly Volatility of 2.22% and Monthly Volatility of 2.03%.

Synchrony Financial declared that its board has initiated a stock buyback program on Thursday, May 18th that allows the company to buyback $1.64 billion in outstanding shares. A low price-to-sales ratio, typically less than 1.0, is considered a good value. Stockholders of record on Monday, August 7th were given a dividend of $0.15 per share. Its down 0.27% from 69.02 million shares previously. This represents a $0.60 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend was Thursday, August 3rd. Synchrony Financial's dividend payout ratio is now 19.19%.

A number of equities research analysts have commented on the company. Immunomedics had 11 analyst reports since July 29, 2015 according to SRatingsIntel. On Wednesday, June 15 the stock rating was maintained by Citigroup with "Buy". BidaskClub raised Synchrony Financial from a "sell" rating to a "hold" rating in a report on Saturday, August 26th. Synchrony Financial has a consensus rating of "Buy" and a consensus target price of $42.62. The firm has "Buy" rating by Bank of America given on Thursday, December 15. The company has an average rating of "Buy" and an average price target of $37.42. If you are accessing this piece on another publication, it was illegally copied and reposted in violation of United States & global trademark and copyright legislation. The original version of this story can be viewed at https://www.truebluetribune.com/2017/09/13/tiaa-cref-investment-management-llc-cuts-holdings-in-synchrony-financial-syf.html. IFP Advisors Inc now owns 6,991 shares of the company's stock worth $177,000 after buying an additional 243 shares during the last quarter. Of those transactions, there were 280,568 shares of SYF bought and 86,339 shares sold. Following the completion of the sale, the insider now owns 42,255 shares in the company, valued at $1,605,690. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Synchrony Financial is a consumer financial services company.



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