Synchrony Financial (SYF) Declares Quarterly Dividend of $0.15

State Board of Administration of Florida Retirement System trimmed its stake in Synchrony Financial (NYSE:SYF) by 3.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). During the same period last year, the business earned $0.73 EPS. equities research analysts predict that Synchrony Financial will post 2.6 earnings per share for the current year. Equities research analysts expect Synchrony Financial to earn $3.27 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 18.3%. Morgan Stanley downgraded shares of Synchrony Financial from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $35.00 to $32.00 in a report on Friday, September 8th. Following the completion of the sale, the insider now owns 113,934 shares of the company's stock, valued at $3,739,313.88. Out of 7 Wall Street analysts rating Helmerich & Payne, 2 give it "Buy", 0 "Sell" rating, while 5 recommend "Hold".

Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Friday, October 20th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.06. Revenue during the quarter was $3.88 billion, representing 11% growth from $3.48 billion in year-ago quarter. Synchrony Financial had a return on equity of 15.30% and a net margin of 13.84%. During the same period in the previous year, the business posted $0.69 EPS.

A number of analysts have commented on SYF shares. About 4.24 million shares traded. The firm has "Buy" rating by Keefe Bruyette & Woods given on Monday, July 17. RBC Capital Markets downgraded the stock to "Sector Perform" rating in Friday, December 16 report. BMO Capital Markets maintained the shares of SYF in report on Friday, October 20 with "Buy" rating. Oppenheimer Holdings, Inc. reiterated a "hold" rating on shares of Synchrony Financial in a research note on Tuesday, October 31st. The rating was initiated by SunTrust on Wednesday, October 12 with "Buy".

Shares of Synchrony Financial (SYF) opened at $32.78 on Tuesday. If you are reading this article on another website, it was stolen and republished in violation of worldwide copyright laws. The original version of this piece of content can be accessed at The company was maintained on Wednesday, September 6 by Deutsche Bank. The stock was sold at an average price of $30.00, for a total value of $60,000.00. Following the acquisition, the director now owns 8,521 shares in the company, valued at approximately $262,872.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Hedge funds and other institutional investors own 88.60% of the company's stock. NEXT Financial Group Inc raised its stake in Synchrony Financial by 2.6% in the third quarter. D Orazio & Associates Inc. now owns 4,200 shares of the company's stock worth $106,000 after buying an additional 1,800 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Synchrony Financial by 19.7% in the 2nd quarter. 4,490,123 shares of the stock traded hands. Patten Group Inc. grew its stake in Synchrony Financial by 2.0% during the 1st quarter. The stock of Euronet Worldwide, Inc. Finally, Euclid Advisors LLC purchased a new stake in Synchrony Financial during the second quarter worth approximately $143,000. State of Alaska Department of Revenue now owns 5,338 shares of the financial services provider's stock worth $159,000 after acquiring an additional 880 shares during the period. Finally, Parsons Capital Management Inc. RI now owns 25,860 shares of the financial services provider's stock worth $887,000 after buying an additional 300 shares during the last quarter. However, the institutional investors are observed to own 96.70% of the total shares. BTIG Research maintained Synchrony Financial (NYSE:SYF) rating on Monday, July 17. There has been an observed change of -0.06% in the ownership of the shares in the past six months. Gruss Capital Management Lp who had been investing in Synchrony Finl for a number of months, seems to be bullish on the $25.91 billion market cap company. The firm's 50 day moving average price is $28.98 and its 200 day moving average price is $28.22. However, 4.66% over the last one month, 6.67% for the last quarter and year to date performance stands at -9.65%. Of the analysts surveyed by Reuters that track Synchrony Financial 7 of them rate its stock a hold. The Company 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.

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