Economy

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 https://www.truebluetribune.com/2017/11/07/zacks-brokerages-anticipate-synchrony-financial-syf-to-announce-0-70-earnings-per-share.html. 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.



Like this

loading...
loading...

Latest


07 November 2017
Russell Crowe, Nicolas Hoult join 'True History of the Kelly Gang'
MacKay will portray notorious bushranger Ned Kelly , who died at the age of 25 in 1880 in a shootout with Australian police. Producing alongside Porchlight Film's Watts are Daybreak Pictures' Hal Vogel and Romulus Entertainment's Brad Feinstein.

07 November 2017
Starbucks Has a New Way to Get More of Your Money
Salads, breakfast sandwiches, desserts, and a full bar serving Aperol spritz and more drinks completes the fancy upgrade. As these new Roastery locations open, Princi will be the exclusive food provider.

07 November 2017
Diana Containerships Inc. (DCIX) Recent Ownership Changes
This works out to a net decrease in ownership of 32 shares, and suggests that institutions are feeling bearish about the stock. Wells Fargo "Downgrades" Diana Containrshp (NASDAQ:DCIX) in a research note issued to investors on 11/20/15 to Underperform.

07 November 2017
Browns executive says he didn't nix trade for Bengals QB AJ McCarron
Brown downplayed any rift between coach Hue Jackson and the front office, saying everyone "is disappointed". Nothing we would ever do to try to make up a trade, to sabotage a trade, it just wouldn't make any sense".

07 November 2017
Kaira says PML-N doesn't want democracy to run smoothly
Shah said the number of assembly seats in Sindh would have been increased if the census results were authentic. The Pakistan Tehreek-e-Insaf has been advocating early elections in the country.

07 November 2017
Ryan: Congress will not interfere with Mueller investigation
Ryan's comments likely bely any hope both initiatives have for success. Ryan said, "No, I don't think he should be stepping down".

07 November 2017
Polo GTI to go rallying again!
The Dutchman was previously Sébastien Ogier's race engineer; Ogier won the drivers' title with Volkswagen four times in a row. And Gerard-Jan de Jongh also brings all his expertise as the senior project engineer.

07 November 2017
Stay safe from WhatsApp scam
Action Fraud said the latest scam was similar to one from past year that promised money off vouchers for Sainsbury's and Top Shop. A typical version reads: "Hello, ASDA is giving away £250 Free Voucher to celebrate 68th anniversary, go here to get it ...

07 November 2017
AT Bancorp Sells 24817 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)
Boston Partners boosted its position in shares of Cisco Systems by 304.2% in the 1st quarter. (NASDAQ: CSCO ) or 6.05M shares. After $0.55 actual EPS reported by Cisco Systems, Inc . for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

07 November 2017
Incoming Liverpool signing Naby Keita appealing in forgery case
The fine is calculated based on an assumed rate of income, with the court of the belief that Keita earns €3m per year at Leipzig. Staff at Leipzig's licensing centre became suspicious and handed the documents to police.