Investors Sell Shares of Synchrony Financial (SYF) on Strength (SYF)
Investors sold shares of Synchrony Financial (NYSE:SYF) on strength during trading hours on Tuesday. $24.59 million flowed into the stock on the tick-up and $48.95 million flowed out of the stock on the tick-down, for a money net flow of $24.36 million out of the stock. Of all stocks tracked, Synchrony Financial had the 0th highest net out-flow for the day. Synchrony Financial traded up $0.25 for the day and closed at $27.92
A number of research analysts have commented on the stock. Jefferies Group reiterated a “buy” rating on shares of Synchrony Financial in a research note on Sunday, April 24th. BMO Capital Markets restated a “buy” rating on shares of Synchrony Financial in a research report on Sunday, April 24th. JPMorgan Chase & Co. restated a “buy” rating on shares of Synchrony Financial in a research report on Saturday, April 23rd. Deutsche Bank AG restated a “buy” rating on shares of Synchrony Financial in a research report on Saturday, April 9th. Finally, Nomura Holdings Inc. restated a “buy” rating on shares of Synchrony Financial in a research report on Saturday. Four research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $40.22.
The firm has a market cap of $23.28 billion and a P/E ratio of 10.38. The stock has a 50-day moving average of $27.91 and a 200 day moving average of $28.41.
Synchrony Financial (NYSE:SYF) last posted its quarterly earnings results on Friday, April 22nd. The company reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.01. The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same quarter in the prior year, the firm earned $0.66 EPS. Equities analysts expect that Synchrony Financial will post $2.62 earnings per share for the current fiscal year.
The company also recently announced a special dividend, which will be paid on Thursday, August 25th. Stockholders of record on Friday, August 12th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, August 10th.
In other news, insider Brian D. Doubles sold 1,000 shares of the business’s stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $30.00, for a total value of $30,000.00. Following the sale, the insider now owns 167,638 shares in the company, valued at approximately $5,029,140. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Synchrony Financial is a consumer financial services company. 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. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.
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