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. It offers its credit products through its subsidiary, Synchrony Bank (the Bank). Through the Bank, it offers a range of deposit products insured by the Federal Deposit Insurance Corporation (FDIC), including certificates of deposit, individual retirement accounts (IRAs), money market accounts and savings accounts. The Company offers three types of credit products: credit cards, commercial credit products and consumer installment loans. The Company also offers a debt cancellation product. It offers two types of credit cards: private label credit cards and Dual Cards.
Industry, Sector and Symbol:
- Market Cap: $23.08063 billion
- Outstanding Shares: 795,335,000
- 50 Day Moving Avg: $29.97
- 200 Day Moving Avg: $30.66
- 52 Week Range: $26.01 - $38.06
Sales & Book Value:
- Trailing P/E Ratio: 10.90
- Foreward P/E Ratio: 9.14
- P/E Growth: 1.24
- Annual Revenue: $7.04 billion
- Price / Sales: 3.31
- Book Value: $18.02 per share
- Price / Book: 1.62
- Annual Dividend: $0.60
- Dividend Yield: 2.1%
- Net Margins: 13.84%
- Return on Equity: 15.30%
- Return on Assets: 2.43%
- Debt-to-Equity Ratio: 1.44%
- Current Ratio: 1.47%
- Quick Ratio: 1.47%
- Average Volume: 6.37 million shs.
- Beta: 1.01
- Short Ratio: 1.71
Frequently Asked Questions for Synchrony Financial (NYSE:SYF)
What is Synchrony Financial's stock symbol?
Synchrony Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "SYF."
How often does Synchrony Financial pay dividends? What is the dividend yield for Synchrony Financial?
Synchrony Financial declared a quarterly dividend on Thursday, July 27th. Stockholders of record on Monday, August 7th will be paid a dividend of $0.15 per share on Thursday, August 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Thursday, August 3rd. This is a positive change from Synchrony Financial's previous quarterly dividend of $0.13. View Synchrony Financial's Dividend History.
How will Synchrony Financial's stock buyback program work?
Synchrony Financial declared that its board has authorized a stock buyback plan on Sunday, June 4th 2017, which authorizes the company to buyback $1,640,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 7.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its shares are undervalued.
How were Synchrony Financial's earnings last quarter?
Synchrony Financial (NYSE:SYF) posted its quarterly earnings results on Friday, July, 21st. The company reported $0.61 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.58 by $0.03. The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.59 billion. 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 earned $0.58 earnings per share. View Synchrony Financial's Earnings History.
When will Synchrony Financial make its next earnings announcement?
Where is Synchrony Financial's stock going? Where will Synchrony Financial's stock price be in 2017?
23 analysts have issued twelve-month price targets for Synchrony Financial's shares. Their forecasts range from $29.00 to $47.00. On average, they anticipate Synchrony Financial's share price to reach $37.08 in the next twelve months. View Analyst Ratings for Synchrony Financial.
What are analysts saying about Synchrony Financial stock?
Here are some recent quotes from research analysts about Synchrony Financial stock:
- 1. According to Zacks Investment Research, "Synchrony Financial has been witnessing solid top-line improvement over the last few years driven by both organic and inorganic growth strategies. The company bolstered its inorganic growth through the acquisition of GPShopper. Its regular investments in digitalization have also paved the way for long-term growth. We note that the company’s growth initiatives are largely supported by its financial health. The Zacks Consensus Estimate for the to-be-reported quarter is pegged at $0.58 reflecting 0.65% year over year growth. However, year to date, the shares of Synchrony Financial have lost 19%, much wider than the Zacks classified Financial Miscellaneous Services industry’s decline of 5%. The company has been incurring higher losses due to its exposure to fraudulent activities. The company’s earnings have been drained by rising expenses over last few years." (6/28/2017)
- 2. BTIG Research analysts commented, "Is SYF Poised to Repeat 2016 Stock Price Rebound? We are reiterating our Buy recommendation on Synchrony Financial (SYF) and price target of $36 based on 11x our FY18E earnings per share of $3.31 following the company’s announcement on Thursday of a share buyback program that was both earlier than expected as well as larger than anticipated. We have increased our FY18E EPS estimate from $3.25 to $3.31 reflect the impact of the buyback program. We were somewhat surprised by the market’s muted reaction on Friday to SYF’s announcement that its board had approved a larger- than-expected $1.64bn share buyback program. While SYF shares increased by as much as 5% after the announcement, which occurred perhaps a month sooner than expected, they faded and the stock closed up by only 1.3%." (5/24/2017)
- 3. Jefferies Group LLC analysts commented, "In this note, we provide an update on SYF based on interaction with management during a series of investor meetings. We continue to believe that SYF is one of the best positioned of the card companies in terms of prospects for loan growth, capitalization, and margins; and we anticipate growing capital returns as SYF seeks to optimize its capital structure over time. We continue to recommend this as a top pick in the card-issuer space." (2/14/2017)
Are investors shorting Synchrony Financial?
Synchrony Financial saw a increase in short interest in the month of August. As of August 31st, there was short interest totalling 16,444,720 shares, an increase of 30.2% from the August 15th total of 12,632,032 shares. Based on an average daily volume of 5,155,099 shares, the days-to-cover ratio is currently 3.2 days. Currently, 2.1% of the company's shares are short sold.
Who are some of Synchrony Financial's key competitors?
Some companies that are related to Synchrony Financial include Discover Financial Services (DFS), Navient Corporation (NAVI), OneMain Holdings (OMF), FirstCash (FCFS), LendingTree (TREE), LendingClub Corporation (LC), TPG RE Finance Trust (TRTX), Provident Financial plc (PFG), World Acceptance Corporation (WRLD), PHH Corp (PHH), International Personal Finance Plc (IPF), EZCORP (EZPW), Regional Management Corp. (RM), Non-Standard Finance PLC (NSF), S & U PLC (SUS), Morses Club PLC (MCL), Fairpoint Group Plc (FRP) and Cash America International (CSH).
Who are Synchrony Financial's key executives?
Synchrony Financial's management team includes the folowing people:
- Margaret M. Keane, President, Chief Executive Officer, Director
- Brian D. Doubles, Chief Financial Officer, Executive Vice President
- Henry F. Greig, Executive Vice President, Chief Risk Officer
- Jonathan S. Mothner, Executive Vice President, General Counsel, Secretary
- David Fasoli, Executive Vice President and Chief Executive Officer—CareCredit
- Glenn P. Marino, Executive Vice President, Chief Executive Officer - Payment Solutions and Chief Commercial Officer
- Thomas M. Quindlen, Executive Vice President, Chief Executive Officer - Retail Card
- David P. Melito, Senior Vice President, Chief Accounting Officer, Controller
- Richard C. Hartnack, Non-Executive Independent Chairman of the Board
- Paget L. Alves, Independent Director
Who owns Synchrony Financial stock?
Synchrony Financial's stock is owned by many different of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (6.57%), BlackRock Inc. (5.93%), FMR LLC (4.65%), State Street Corp (4.29%), Bank of New York Mellon Corp (2.31%) and Berkshire Hathaway Inc. (2.20%). Company insiders that own Synchrony Financial stock include Brian D Doubles, David P Melito, Jonathan S Mothner, Margaret M Keane, Paget Leonard Alves and Will W Graylin. View Institutional Ownership Trends for Synchrony Financial.
Who sold Synchrony Financial stock? Who is selling Synchrony Financial stock?
Synchrony Financial's stock was sold by a variety of institutional investors in the last quarter, including Ameriprise Financial Inc., Bank of New York Mellon Corp, Pioneer Investment Management Inc., Schroder Investment Management Group, Los Angeles Capital Management & Equity Research Inc., BlackRock Inc., Teachers Advisors LLC and Artemis Investment Management LLP. Company insiders that have sold Synchrony Financial stock in the last year include Brian D Doubles, David P Melito, Jonathan S Mothner and Margaret M Keane. View Insider Buying and Selling for Synchrony Financial.
Who bought Synchrony Financial stock? Who is buying Synchrony Financial stock?
Synchrony Financial's stock was acquired by a variety of institutional investors in the last quarter, including Berkshire Hathaway Inc., Janus Henderson Group PLC, FMR LLC, Capital World Investors, Boston Partners, Cooke & Bieler LP, CI Global Investments Inc. and State of New Jersey Common Pension Fund D. Company insiders that have bought Synchrony Financial stock in the last two years include Paget Leonard Alves and Will W Graylin. View Insider Buying and Selling for Synchrony Financial.
How do I buy Synchrony Financial stock?
Shares of Synchrony Financial can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Synchrony Financial's stock price today?
MarketBeat Community Rating for Synchrony Financial (NYSE SYF)MarketBeat's community ratings are surveys of what our community members think about Synchrony Financial and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Synchrony Financial stock can currently be purchased for approximately $29.26.
Consensus Ratings for Synchrony Financial (NYSE:SYF) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||8 Hold Ratings, 15 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.65)|
|Consensus Price Target: ||$37.08 (26.71% upside)|
Analysts' Ratings History for Synchrony Financial (NYSE:SYF)
(Data available from 9/19/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/8/2017||Morgan Stanley||Downgrade||Overweight -> Equal Weight||$35.00 -> $32.00||Low|
|8/25/2017||BMO Capital Markets||Reiterated Rating||Buy||$40.00||Low|
|7/22/2017||Oppenheimer Holdings, Inc.||Reiterated Rating||Hold||Low|
|7/14/2017||Jefferies Group LLC||Reiterated Rating||Buy||$40.00||Low|
|7/12/2017||Instinet||Reiterated Rating||Buy||$38.00 -> $35.00||Low|
|5/24/2017||BTIG Research||Reiterated Rating||Buy||$36.00||Low|
|5/3/2017||Guggenheim||Downgrade||Buy -> Neutral||$38.00 -> $32.00||Low|
|5/1/2017||Barclays PLC||Boost Price Target||Overweight||$36.00 -> $47.00||Low|
|5/1/2017||Citigroup Inc.||Lower Price Target||Buy||$43.00 -> $35.00||Low|
|5/1/2017||JMP Securities||Reiterated Rating||Outperform||$41.00 -> $35.00||Medium|
|5/1/2017||DA Davidson||Lower Price Target||Buy||$45.00 -> $41.00||Low|
|5/1/2017||Deutsche Bank AG||Lower Price Target||Hold||$47.00 -> $35.00||Low|
|5/1/2017||Stephens||Downgrade||Overweight -> Equal Weight||$44.00 -> $29.00||Low|
|4/28/2017||Goldman Sachs Group, Inc. (The)||Downgrade||Conviction-Buy -> Neutral||$44.00 -> $33.00||Low|
|4/11/2017||Keefe, Bruyette & Woods||Reiterated Rating||Buy||$44.00||Low|
|4/11/2017||CIBC||Reiterated Rating||Market Perform||Low|
|3/29/2017||Wells Fargo & Company||Initiated Coverage||Outperform -> Outperform||Low|
|1/23/2017||Sanford C. Bernstein||Boost Price Target||Outperform||$39.00 -> $45.00||N/A|
|12/15/2016||Bank of America Corporation||Upgrade||Neutral -> Buy||$40.50||N/A|
|12/7/2016||Wedbush||Downgrade||Outperform -> Neutral||$23.25 -> $37.00||N/A|
|11/4/2016||Compass Point||Initiated Coverage||Buy||$34.00||N/A|
|9/22/2016||Credit Suisse Group||Set Price Target||Buy||$37.00||N/A|
|7/9/2016||J P Morgan Chase & Co||Reiterated Rating||Buy||N/A|
|11/23/2015||Sterne Agee CRT||Upgrade||Neutral -> Buy||$38.00||N/A|
Earnings History for Synchrony Financial (NYSE:SYF)Earnings History by Quarter for Synchrony Financial (NYSE SYF)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/21/2017||Q2 2017||$0.58||$0.61||$3.59 billion||$3.64 billion||View||N/A|
|4/28/2017||Q1 2017||$0.74||$0.61||$3.54 billion||$3.59 billion||View||N/A|
|1/20/2017||Q416||$0.67||$0.70||$3.51 billion||$3.63 billion||View||N/A|
|10/21/2016||Q316||$0.69||$0.73||$3.30 billion||$3.48 billion||View||Listen|
|7/22/2016||Q216||$0.54||$0.58||$3.26 billion||$3.21 billion||View||Listen|
|4/22/2016||Q116||$0.69||$0.70||$3.17 billion||$3.21 billion||View||Listen|
|1/22/2016||Q415||$0.63||$0.65||$3.20 billion||$3.21 billion||View||Listen|
|10/16/2015||Q315||$0.66||$0.69||$3.02 billion||$2.46 billion||View||Listen|
|7/17/2015||Q215||$0.62||$0.65||$2.77 billion||$2.41 billion||View||Listen|
|4/17/2015||Q115||$0.64||$0.66||$2.80 billion||$2.88 billion||View||N/A|
|1/23/2015||Q414||$0.60||$0.64||$2.81 billion||$2.28 billion||View||N/A|
|10/17/2014||Q3||$0.67||$0.70||$2.25 billion||$2.19 billion||View||Listen|
Earnings Estimates for Synchrony Financial (NYSE:SYF)
2017 EPS Consensus Estimate: $2.82
2018 EPS Consensus Estimate: $3.30
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Synchrony Financial (NYSE:SYF)
|Most Recent Dividend:||8/17/2017|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||22.64% (Trailing 12 Months of Earnings) |
23.08% (Based on This Year's Estimates)
18.75% (Based on Next Year's Estimates)
Dividend History by Quarter for Synchrony Financial (NYSE SYF)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Synchrony Financial (NYSE:SYF)
Insider Ownership Percentage: 0.03%Insider Trades by Quarter for Synchrony Financial (NYSE:SYF)
Institutional Ownership Percentage: 87.05%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|7/31/2017||Jonathan S Mothner||Insider||Sell||500||$30.06||$15,030.00|| |
|7/24/2017||Paget Leonard Alves||Director||Buy||2,000||$30.85||$61,700.00|| |
|5/1/2017||Will W Graylin||Director||Buy||18,000||$27.80||$500,400.00|| |
|4/5/2017||David P Melito||Insider||Sell||748||$34.24||$25,611.52|| |
|4/3/2017||David P Melito||Insider||Sell||600||$34.11||$20,466.00|| |
|2/28/2017||Brian D Doubles||Insider||Sell||8,109||$36.13||$292,978.17|| |
|1/4/2017||David P Melito||Insider||Sell||1,392||$38.00||$52,896.00|| |
|11/22/2016||Margaret M Keane||Insider||Sell||6,000||$34.00||$204,000.00|| |
|11/21/2016||David P Melito||Insider||Sell||2,159||$33.54||$72,412.86|| |
|11/9/2016||Margaret M Keane||Insider||Sell||2,000||$30.00||$60,000.00|| |
|5/24/2016||Brian D Doubles||Insider||Sell||1,000||$30.00||$30,000.00|| |
|7/31/2014||Roy A Guthrie||Director||Buy||10,000||$23.00||$230,000.00|| |
|7/31/2014||Thomas M Quindlen||Insider||Buy||1,000||$23.00||$23,000.00|| |
Headline Trends for Synchrony Financial (NYSE:SYF)
Latest Headlines for Synchrony Financial (NYSE:SYF)
Synchrony Financial (SYF) Chart for Tuesday, September, 19, 2017