Wells Fargo & Company MN now owns 6,245,162 shares of the financial services provider's stock worth $214,209,000 after buying an additional 363,874 shares during the period.
Large investors have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Synchrony Financial by 2,275.1% in the first quarter. Vanguard Group Inc. boosted its stake in shares of Synchrony Financial by 2.6% in the first quarter. The Atwood & Palmer Inc holds 11,281 shares with $1.65M value, down from 13,781 last quarter. Beese Fulmer Investment Management Inc. increased its stake in Synchrony Financial by 0.8% in the second quarter.
Atwood & Palmer Inc increased Apple Inc (NASDAQ:AAPL) stake by 2,643 shares to 120,872 valued at $14.00 million in 2016Q4. Telemus Capital LLC's holdings in Synchrony Financial were worth $3,704,000 at the end of the most recent quarter. Coconut Grove Bank now owns 4,480 shares of the financial services provider's stock valued at $154,000 after buying an additional 2,170 shares during the period. BlackRock Inc. now owns 48,272,035 shares of the financial services provider's stock valued at $1,655,730,000 after buying an additional 46,239,640 shares during the period. Institutional investors and hedge funds own 88.12% of the company's stock. The stock had a trading volume of 1,733,877 shares.
Synchrony Financial (SYF) stock price rose 9.91 percent over the past one year, while decreased -16.5 percent during the past 6 months.
The stock's 50 day moving average is 29.69 and its 200 day moving average is 32.02.
The P/E ratio is 11.23 and market capitalization is 23.79B.
Synchrony Financial (NYSE:SYF) last released its earnings results on Friday, July 21st. The financial services provider reported $0.61 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.58 by $0.03. Synchrony Financial had a return on equity of 13.87% and a net margin of 13.43%. Analysts expect next quarter's EPS to be $0.73 with next year's EPS anticipated to be $3.22. During the same quarter in the previous year, the firm posted $0.58 earnings per share.
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The company also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Monday, August 7th will be given a dividend of $0.15 per share.
In an overview of the current analyst recommendations, Buy count is 15 and Overweight is 2 while the number of analysts recommending Sell and Underweight are 0 and 0, respectively. The ex-dividend date will be Thursday May 4th, 2017.
Synchrony Financial (SYF) closed its previous trading session at $29.91 with the loss of -0.5%. Four analysts have provided estimates for Synchrony Financial's earnings, with the highest EPS estimate coming in at $0.72 and the lowest estimate coming in at $0.62.
Synchrony Financial announced that its Board of Directors has approved a share buyback program on Thursday, May 18th that allows the company to repurchase $1.64 billion in outstanding shares. This buyback authorization permits the financial services provider to buy up to 7.6% of its shares through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.
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SYF has been the topic of several recent analyst reports.
05/01/2017 - Synchrony Financial was downgraded to "neutral" by analysts at Goldman Sachs. Finally, Jefferies Group LLC dropped their price objective on Synchrony Financial from $45.00 to $40.00 and set a "buy" rating for the company in a report on Monday, May 1st. They now have a Dollars 35 price target on the stock. BidaskClub lowered shares of Synchrony Financial from a "buy" rating to a "hold" rating in a research note on Friday, July 28th. Sell-side analyst recommendations point to a short term price target of $36 on the company shares. The stock of Synchrony Financial (NYSE:SYF) has "Hold" rating given on Friday, July 21 by Oppenheimer. Following the transaction, the director now directly owns 8,521 shares of the company's stock, valued at approximately $262,872.85. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Bridgeway Capital Management Inc owns 106,810 shares or 0.02% of their United States portfolio.