News headlines about Synchrony Financial (NYSE:SYF) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Synchrony Financial earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 33 out of 100, indicating that recent media coverage is unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Zacks: Brokerages Anticipate Synchrony Financial (SYF) Will Post Quarterly Sales of $3.78 Billion (americanbankingnews.com)
- IHS Markit Score Update: Drop in demand for ETFs holding Synchrony Financial is a negative sign for its shares (finance.yahoo.com)
- Synchrony Financial (SYF) Investment Increased by Sumitomo Mitsui Trust Holdings, Inc. – Modern Readers (modernreaders.com)
- Synchrony Financial (SYF) Investment Decreased by Artemis Investment Management LLP – Modern Readers (modernreaders.com)
- Synchrony Financial (NYSE:SYF) Stock Rating Lowered by BidaskClub (footballhebdo.com)
Several equities analysts have recently issued reports on SYF shares. TheStreet cut Synchrony Financial from a “b” rating to a “c+” rating in a research note on Wednesday, May 3rd. BidaskClub cut Synchrony Financial from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Synchrony Financial in a research note on Sunday, April 30th. ValuEngine cut Synchrony Financial from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of Synchrony Financial in a research note on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $37.46.
Synchrony Financial (NYSE:SYF) traded down 0.41% during mid-day trading on Friday, hitting $29.20. The company had a trading volume of 6,667,952 shares. The firm has a market capitalization of $23.22 billion, a P/E ratio of 10.97 and a beta of 1.01. The company has a 50-day moving average price of $29.83 and a 200 day moving average price of $31.82. Synchrony Financial has a 12 month low of $26.01 and a 12 month high of $38.06.
Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Friday, July 21st. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.59 billion. Synchrony Financial had a return on equity of 15.30% and a net margin of 13.84%. During the same quarter last year, the company posted $0.58 earnings per share. Equities analysts forecast that Synchrony Financial will post $2.60 EPS for the current fiscal year.
Synchrony Financial declared that its board has initiated a share buyback program on Thursday, May 18th that authorizes the company to buyback $1.64 billion in outstanding shares. This buyback authorization authorizes the financial services provider to buy up to 7.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Monday, August 7th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.05%. This is a positive change from Synchrony Financial’s previous quarterly dividend of $0.13. Synchrony Financial’s dividend payout ratio (DPR) is currently 22.64%.
In related news, Director Paget Leonard Alves purchased 2,000 shares of the stock in a transaction that occurred on Monday, July 24th. The shares were purchased at an average price of $30.85 per share, with a total value of $61,700.00. Following the completion of the acquisition, the director now directly owns 8,521 shares in the company, valued at approximately $262,872.85. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.03% of the company’s stock.
Synchrony Financial Company Profile
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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