The Synchrony Financial (SYF) Stake Raised by FineMark National Bank & Trust

Paterniano Del Favero
Agosto 2, 2017

Stock market analysts watching Synchrony Financial (NYSE:SYF) have recently changed their ratings on the stock.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. ING Groep NV's holdings in Synchrony Financial were worth $1,176,000 as of its most recent filing with the SEC. First Quadrant L P CA raised its stake in shares of Synchrony Financial by 55.4% in the second quarter. Augustine Asset Management Inc. now owns 72,988 shares of the financial services provider's stock valued at $2,503,000 after buying an additional 7,338 shares during the period. It also reduced its holding in Huntington Bancshares Inc (NASDAQ:HBAN) by 66,700 shares in the quarter, leaving it with 199,900 shares, and cut its stake in Humana Inc (NYSE:HUM). State of Alaska Department of Revenue bought a new stake in shares of Synchrony Financial during the first quarter worth about $152,000. The hedge fund run by John A. Levin held 3.51 million shares of the major chemicals company at the end of 2016Q4, valued at $200.94M, up from 3.25 million at the end of the previous reported quarter. FMR LLC increased its position in Synchrony Financial by 5.5% in the first quarter. HL Financial Services LLC now owns 17,968 shares of the financial services provider's stock valued at $536,000 after buying an additional 9,043 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Synchrony Financial by 46.7% in the first quarter. The institutional investor owned 3,667,370 shares of the financial services provider's stock after buying an additional 1,353,070 shares during the period.

Shares of Synchrony Financial (NYSE:SYF) traded down 1.32% on Friday, hitting $29.94. Janus Capital Management Llc who had been investing in Synchrony Financial for a number of months, seems to be less bullish one the $24.00B market cap company. Synchrony Financial has $44 highest and $31 lowest target.

Moving average is significant analytical tool used to discover current price trends and the possibility for a change in an established trend.

Based on the latest notes released to investors, 8 analysts have issued a rating of "buy", 10 analysts "outperform", 5 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". During the same quarter in the prior year, the business posted $0.58 EPS. The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.59 billion. The Return on Investment (ROI) ratio of Synchrony Financial (SYF) is 23.9 percent. During the same quarter a year ago, the business earned $0.58 earnings per share. Keefe, Bruyette & Woods reissued a "buy" rating and set a $44.00 price target on shares of Synchrony Financial in a research report on Tuesday, April 11th.

Synchrony Financial declared that its Board of Directors has initiated a share repurchase program on Thursday, May 18th that allows the company to repurchase $1.64 billion in shares. BidaskClub downgraded Synchrony Financial from a "buy" rating to a "hold" rating in a research note on Friday. Shares buyback programs are generally a sign that the company's leadership believes its shares are undervalued. The Company also offers a debt cancellation product. Investors of record on Monday, August 7th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.01%. The ex-dividend date will be on Thursday the 4th of May 2017. This is an increase from Synchrony Financial's previous quarterly dividend of $0.13. Synchrony Financial's payout ratio is now 19.62%. TRADEMARK VIOLATION WARNING: This story was first posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece on another domain, it was illegally copied and republished in violation of global trademark and copyright legislation.

Sell-side analysts also have something to say about this SYF.

SYF has been the subject of several research reports.

On July 25 Morgan Stanley held the company rating at "Overweight" and moved up the price target from $30.00 to $35.00.

06/07/2017 - Synchrony Financial had its "buy" rating reiterated by analysts at Jefferies. BTIG Research maintained it with "Buy" rating and $36 target in Thursday, May 25 report. The stock has "Outperform" rating by Wells Fargo on Wednesday, March 29. And it remains to be seen which target price SYF can achieve without sacrificing much as the company is holding a 7.27% gain for the past twelve months.

In other news, Director Paget Leonard Alves purchased 2,000 shares of Synchrony Financial stock in a transaction that occurred on Monday, July 24th. The stock was acquired at an average cost of $30.85 per share, with a total value of $61,700.00. Following the transaction, 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 can be accessed through this link.

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