Economy

Synchrony Financial (SYF) EPS Estimated At $0.66

Synchrony Financial (SYF) EPS Estimated At $0.66”

BlackRock has an ownership of 48,272,035 stocks of the financial services provider's shares valued $1,655,730,000 after scooping up an extra 46,239,640 stocks in the previous period. The company has a market capitalization of $23.12 billion, a price-to-earnings ratio of 10.92 and a beta of 1.01. About 200 shares traded. Lowe's Companies, Inc. (NYSE:LOW) has risen 5.92% since September 22, 2016 and is uptrending. It has underperformed by 10.78% the S&P500.

Seth Klarman increased its stake in Synchrony Finl (SYF) by 65.84% based on its latest 2017Q2 regulatory filing with the SEC. The company's stock had a trading volume of 1,700,012 shares. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The hedge fund held 2,777,228 stocks of the financial services provider's shares after unloading 1,073,796 shares through out the quarter. The stock rose 0.62% or $0.44 reaching $71.9 per share. Shares of MA have increased 14.94% in the past three monthswhile the S&P 500 has gained 12.2% in that time.

Synchrony Financial (NYSE:SYF), maintained return on investment for the last twelve months at -, higher than what Reuters data shows regarding industry's average. It has underperformed by 27.05% the S&P500.

In the most updated research from a number of analysts on Wall Street, the company gets 16 Buys and 0 Sell among 22 analysts. Therefore 55% are positive. Citigroup Inc. had 83 analyst reports since July 21, 2015 according to SRatingsIntel. As per Thursday, May 25, the company rating was initiated by Northcoast. The rating was downgraded by Janney Capital to "Neutral" on Friday, February 26. The rating was maintained by Cowen & Co with "Outperform" on Monday, August 24. The rating was downgraded by Wedbush to "Neutral" on Wednesday, December 7. Synchrony Financial has an average rating of "Buy" and a consensus target price of $37.42. The firm has "Buy" rating by CLSA given on Friday, September 23. Atlantic Securities initiated Eli Lilly and Co (NYSE:LLY) rating on Friday, December 18. Argus Research has "Buy" rating and $88 target.

Baupost Group Llc, which manages about $29.88 billion and $8.75B US Long portfolio, decreased its stake in Credit Accep Corp Mich (NASDAQ:CACC) by 145,700 shares to 98,700 shares, valued at $25.38 million in 2017Q2, according to the filing. It also reduced its holding in Bunge Limited (NYSE:BG) by 226,430 shares in the quarter, leaving it with 89,500 shares, and cut its stake in Compass Minerals Intl Inc (NYSE:CMP).

Since May 9, 2017, it had 0 insider purchases, and 3 insider sales for $264,403 activity.

Gruss Capital Management Lp decreased Spdr Gold Trust (Call) (GLD) stake by 360,000 shares to 2.38 million valued at $280.89M in 2017Q2.

Investors sentiment is 1.1 in 2017 Q2. Its up 0.13, from 0.87 in 2017Q1. Dynamic Cap Mngmt reported 0.05% stake. Mercer Advisers reported 719 shares. 6,445,884 shares of the stock were exchanged.

Other large investors have also bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Synchrony Financial by 2,275.1% during the first quarter. 13,263 are owned by Annex Advisory Ltd Liability. Parsons Mgmt Ri invested in 34,983 shares. Gsa Capital Prns Ltd Liability Partnership holds 0.03% or 5,286 shares. Moreover, Oppenheimer Asset Mgmt has 0.04% invested in American Water Works Company Inc (NYSE:AWK). Omers Administration holds 61,200 shares or 0.05% of its portfolio. Utah Retirement accumulated 32,695 shares. Seekingalpha.com's article titled: "Aqua America And American Water Works Flow Past American States Water" and published on August 27, 2017 is yet another important article.

Analysts await Synchrony Financial (NYSE:SYF) to report earnings on October, 20. Therefore 76% are positive. If the published price targets set by Synchrony Financial analysts have any power to influence the stock's share price, the highest price target set for SYF is $41. The rating was maintained by Keefe Bruyette & Woods on Tuesday, August 22 with "Buy". BMO Capital Markets maintained Synchrony Financial (NYSE:SYF) rating on Wednesday, May 31. Ten research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock.

In other news, Director Paget Leonard Alves bought 2,000 shares of the stock in a transaction on Monday, July 24th.

Shares of Synchrony Financial (NYSE:SYF) opened at 28.89 on Friday. The firm earned "Neutral" rating on Wednesday, October 26 by JP Morgan. Zacks Investment Research raised Synchrony Financial from a "strong sell" rating to a "hold" rating in a research report on Wednesday, June 28th. BMO Capital Markets has "Buy" rating and $3800 target.



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