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About Synchrony Financial (NYSE:SYF)
Synchrony Financial operates as a consumer financial services company in the United States. The company offers private label credit cards, dual cards, general purpose co-branded credit cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans. It also provides promotional financing to consumers for health and personal care procedures, products, or services, such as dental, veterinary, cosmetic, vision and audiology; debt cancellation products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts to retail and commercial customers, as well as accepts deposits through third-party securities brokerage firms. The company offers its credit products through programs established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations, and healthcare service providers; and deposit products through multiple channels, including digital and print. Synchrony Financial was incorporated in 2003 and is headquartered in Stamford, Connecticut.
Industry, Sector and Symbol
Industry Nondepository credit institutions
Sub-IndustryN/A
SectorFinance
SymbolNYSE:SYF
CUSIPN/A
Phone203-585-2400
Debt
Debt-to-Equity Ratio1.46
Current Ratio1.41
Quick Ratio1.41
Price-To-Earnings
Trailing P/E Ratio13.59
Forward P/E Ratio10.53
P/E Growth1.19
Sales & Book Value
Annual Sales$16.70 billion
Price / Sales1.60
Cash Flow$2.9949 per share
Price / Cash11.85
Book Value$19.02 per share
Price / Book1.87
Profitability
EPS (Most Recent Fiscal Year)$2.62
Net Income$1.94 billion
Net Margins12.36%
Return on Equity15.60%
Return on Assets2.38%
Miscellaneous
Employees16,000
Outstanding Shares754,760,000
Synchrony Financial (NYSE:SYF) Frequently Asked Questions
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, April 26th. Investors of record on Monday, May 7th will be paid a dividend of $0.15 per share on Thursday, May 17th. This represents a $0.60 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Friday, May 4th. View Synchrony Financial's Dividend History.
How will Synchrony Financial's stock buyback program work?
Synchrony Financial announced that its board has initiated a share repurchase plan on Sunday, June 4th 2017, which allows the company to repurchase $1,640,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 7.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.
How were Synchrony Financial's earnings last quarter?
Synchrony Financial (NYSE:SYF) announced its earnings results on Friday, April, 20th. The financial services provider reported $0.83 EPS for the quarter, beating the Zacks' consensus estimate of $0.74 by $0.09. The financial services provider had revenue of $3.84 billion for the quarter, compared to analysts' expectations of $3.89 billion. Synchrony Financial had a return on equity of 15.60% and a net margin of 12.36%. During the same period in the prior year, the firm earned $0.61 earnings per share. View Synchrony Financial's Earnings History.
When is Synchrony Financial's next earnings date?
What price target have analysts set for SYF?
16 Wall Street analysts have issued 12-month price targets for Synchrony Financial's stock. Their forecasts range from $32.00 to $53.00. On average, they expect Synchrony Financial's stock price to reach $40.40 in the next year. View Analyst Ratings for Synchrony Financial.
What are Wall Street 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’s shares have outperformed the industry in the last six months. The company is well positioned for long-term growth on the back of consistent increase in revenues driven by its rapidly rising interest income and inorganic growth strategies. Moreover, its CareCredit platform continued to perform well over past many quarters. The company's fourth-quarter 2017 earnings surpassed the Zacks Consensus Estimate but remained flat year over year. The company has seen its Zacks Consensus Estimate for 2018 earnings being revised upward in the past 60 days. However, the company has been witnessing a steep rise in its expenses since 2013 that has been weighing on its bottom line. It also suffers from increasing allowance for loan losses that has been rising due to the rapid growth in its loan portfolio." (3/6/2018)
- 2. BTIG Research analysts commented, "Capital Return, Potential Tax Cut Boost = Upside We are reiterating our Buy recommendation on Synchrony Financial (SYF) while raising our price target to $44 from $36 based on 12x our FY19E earnings per share of $3.70. We believe SYF offers investors an attractive story featuring loan growth and capital return that position it to expand both EPS and ROE, and that the company’s enhanced partnership with PayPal (PYPL, Buy, $81 PT) offered the latest demonstration of its capabilities and capacity versus its card-issuing peers. We also view SYF as well positioned to benefit from the growth of eCommerce given its partnerships with PYPL, Amazon (AMZN, Not Rated) and others and its ability to extend its online and mobile capabilities to traditional retail partners." (12/17/2017)
Are investors shorting Synchrony Financial?
Synchrony Financial saw a decline in short interest during the month of April. As of April 30th, there was short interest totalling 7,532,369 shares, a decline of 28.7% from the April 13th total of 10,566,959 shares. Based on an average daily trading volume, of 6,126,964 shares, the days-to-cover ratio is presently 1.2 days. Currently, 1.0% of the shares of the stock are short sold.
Who are some of Synchrony Financial's key competitors?
Some companies that are related to Synchrony Financial include American Express (AXP), Zurich Insurance Group (ZURVY), CHINA MERCHANTS/ADR (CIHKY), Ally Financial (ALLY), SBI (SBHGF), Green Dot (GDOT), Qudian (QD), Wins Finance (WINS), LexinFintech (LX), Blackhawk Network (HAWK), BLUCORA INC Common Stock (BCOR), Walker & Dunlop (WD), Yirendai (YRD), CURO Group (CURO) and Hexindai (HX).
Who are Synchrony Financial's key executives?
Synchrony Financial's management team includes the folowing people:
- Ms. Margaret M. Keane, Pres, CEO & Director (Age 59)
- Mr. Brian D. Doubles, Exec. VP & CFO (Age 42)
- Mr. Jonathan S. Mothner Esq., Exec. VP, Gen. Counsel & Sec. (Age 54)
- Mr. Thomas M. Quindlen, Exec. VP & CEO of Retail Card (Age 55)
- Mr. Glenn P. Marino, Exec. Officer (Age 62)
Has Synchrony Financial been receiving favorable news coverage?
Headlines about SYF stock have been trending somewhat negative this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Synchrony Financial earned a media sentiment score of -0.03 on Accern's scale. They also assigned media headlines about the financial services provider an impact score of 47.09 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next few days.
Who are Synchrony Financial's major shareholders?
Synchrony Financial's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.24%), First Eagle Investment Management LLC (2.19%), Boston Partners (1.70%), CI Investments Inc. (1.35%), Northern Trust Corp (1.05%) and Caisse DE Depot ET Placement DU Quebec (0.62%). Company insiders that own Synchrony Financial stock include Brian D Doubles, David P Melito, Jonathan S Mothner, Laurel Richie, Margaret M Keane, Neeraj Mehta, Olympia J Snowe, Paget Leonard Alves, Paul Whynott, Thomas M Quindlen and Will W Graylin. View Institutional Ownership Trends for Synchrony Financial.
Which institutional investors are selling Synchrony Financial stock?
SYF stock was sold by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., CI Investments Inc., Ontario Teachers Pension Plan Board, First Eagle Investment Management LLC, Korea Investment CORP, Columbus Hill Capital Management L.P., Thrivent Financial for Lutherans and Franklin Resources Inc.. Company insiders that have sold Synchrony Financial company stock in the last year include David P Melito, Jonathan S Mothner, Margaret M Keane, Neeraj Mehta, Paul Whynott and Thomas M Quindlen. View Insider Buying and Selling for Synchrony Financial.
Which institutional investors are buying Synchrony Financial stock?
SYF stock was purchased by a variety of institutional investors in the last quarter, including Rockefeller Capital Management L.P., Massachusetts Financial Services Co. MA, American Century Companies Inc., The Manufacturers Life Insurance Company , Toronto Dominion Bank, Mackay Shields LLC, Millennium Management LLC and Artisan Partners Limited Partnership. Company insiders that have bought Synchrony Financial stock in the last two years include Laurel Richie, Olympia J Snowe, Paget Leonard Alves and Will W Graylin. View Insider Buying and Selling for Synchrony Financial.
How do I buy shares of Synchrony Financial?
Shares of SYF can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Synchrony Financial's stock price today?
One share of SYF stock can currently be purchased for approximately $35.54.
How big of a company is Synchrony Financial?
Synchrony Financial has a market capitalization of $27.26 billion and generates $16.70 billion in revenue each year. The financial services provider earns $1.94 billion in net income (profit) each year or $2.62 on an earnings per share basis. Synchrony Financial employs 16,000 workers across the globe.
How can I contact Synchrony Financial?
Synchrony Financial's mailing address is 777 LONG RIDGE ROAD, STAMFORD CT, 06902. The financial services provider can be reached via phone at 203-585-2400 or via email at [email protected]
MarketBeat Community Rating for Synchrony Financial (SYF)
MarketBeat's community ratings are surveys of what our community members think about Synchrony Financial and other stocks. Vote "Outperform" if you believe SYF will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SYF will underperform the S&P 500 over the long term. You may vote once every thirty days.
Synchrony Financial (NYSE:SYF) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
16 Wall Street analysts have issued ratings and price targets for Synchrony Financial in the last 12 months. Their average twelve-month price target is $40.40, suggesting that the stock has a possible upside of 13.83%. The high price target for SYF is $53.00 and the low price target for SYF is $32.00. There are currently 1 sell rating, 4 hold ratings and 11 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.63 | 2.52 | 2.58 | 2.50 |
| Ratings Breakdown: | 1 Sell Rating(s)
4 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
8 Hold Rating(s)
12 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
8 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
10 Hold Rating(s)
10 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $40.40 | $38.65 | $37.7059 | $36.6667 |
| Price Target Upside: | 13.83% upside | 10.27% upside | 4.59% downside | 8.29% upside |
Synchrony Financial (NYSE:SYF) Consensus Price Target History
Synchrony Financial (NYSE:SYF) Analyst Ratings History
Show:
(Data available from 5/25/2016 forward)
Synchrony Financial (NYSE:SYF) Dividend Information
Synchrony Financial pays an annual dividend of $0.60 per share, with a dividend yield of 1.69%. SYF's most recent quarterly dividend payment was Thursday, May 17. Synchrony Financial pays out 22.90% of its earnings out as a dividend.
| Most Recent Dividend: | 5/17/2018 |
| Annual Dividend: | $0.60 |
| Dividend Yield: | 1.69% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio(s): | 22.90% (Trailing 12 Months of Earnings)
17.80% (Based on This Year's Estimates)
14.60% (Based on Next Year's Estimates)
20.03% (Based on Cash Flow)
|
| Frequency: | Quarterly Dividend |
Synchrony Financial (NYSE:SYF) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/26/2018 | quarterly | $0.15 | 1.8% | 5/4/2018 | 5/7/2018 | 5/17/2018 |
| 1/24/2018 | quarterly | $0.15 | 1.51% | 2/2/2018 | 2/5/2018 | 2/15/2018 |
| 10/26/2017 | quarterly | $0.15 | 1.83% | 11/3/2017 | 11/6/2017 | 11/16/2017 |
| 7/27/2017 | quarterly | $0.15 | 1.99% | 8/3/2017 | 8/7/2017 | 8/17/2017 |
| 4/27/2017 | quarterly | $0.13 | 1.57% | 5/4/2017 | 5/8/2017 | 5/18/2017 |
| 1/25/2017 | Quarterly | $0.13 | 1.42% | 2/2/2017 | 2/6/2017 | 2/16/2017 |
| 10/27/2016 | quarterly | $0.13 | 1.79% | 11/3/2016 | 11/7/2016 | 11/17/2016 |
| 7/8/2016 | special | $0.13 | | 8/10/2016 | 8/12/2016 | 8/25/2016 |
(Data available from 1/1/2013 forward)
Synchrony Financial (NYSE SYF) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.07%
Institutional Ownership Percentage: 86.74%
Synchrony Financial (NYSE SYF) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 5/21/2018 | David P Melito | Insider | Sell | 2,094 | $35.60 | $74,546.40 | |  |
| 4/30/2018 | Paul Whynott | Insider | Sell | 1,750 | $33.27 | $58,222.50 | | |
| 4/4/2018 | Neeraj Mehta | Insider | Sell | 2,299 | $32.69 | $75,154.31 | 65,867 | |
| 2/20/2018 | Thomas M Quindlen | Insider | Sell | 10,712 | $36.73 | $393,451.76 | | |
| 2/15/2018 | Margaret M Keane | Insider | Sell | 13,138 | $36.70 | $482,164.60 | 440,169 | |
| 1/10/2018 | David P Melito | Insider | Sell | 2,000 | $40.00 | $80,000.00 | 39,259 | |
| 12/4/2017 | David P Melito | Insider | Sell | 1,881 | $38.00 | $71,478.00 | 43,140 | |
| 11/29/2017 | David P Melito | Insider | Sell | 2,580 | $35.00 | $90,300.00 | | |
| 11/20/2017 | Laurel Richie | Director | Buy | 1,000 | $34.20 | $34,200.00 | 8,608 | |
| 11/17/2017 | Olympia J Snowe | Director | Buy | 3,000 | $33.40 | $100,200.00 | 10,608 | |
| 10/30/2017 | Jonathan S Mothner | Insider | Sell | 1,500 | $32.82 | $49,230.00 | 113,934 | |
| 10/20/2017 | Jonathan S Mothner | Insider | Sell | 1,000 | $33.50 | $33,500.00 | 113,578 | |
| 7/31/2017 | Jonathan S Mothner | Insider | Sell | 500 | $30.06 | $15,030.00 | 113,458 | |
| 7/24/2017 | Paget Leonard Alves | Director | Buy | 2,000 | $30.85 | $61,700.00 | 8,521 | |
| 5/1/2017 | Will W Graylin | Director | Buy | 18,000 | $27.80 | $500,400.00 | 55,389 | |
| 4/5/2017 | David P Melito | Insider | Sell | 748 | $34.24 | $25,611.52 | 43,390 | |
| 4/3/2017 | David P Melito | Insider | Sell | 600 | $34.11 | $20,466.00 | 45,455 | |
| 2/28/2017 | Brian D Doubles | Insider | Sell | 8,109 | $36.13 | $292,978.17 | 169,962 | |
| 1/4/2017 | David P Melito | Insider | Sell | 1,392 | $38.00 | $52,896.00 | 42,255 | |
| 11/22/2016 | Margaret M Keane | Insider | Sell | 6,000 | $34.00 | $204,000.00 | 367,206 | |
| 11/21/2016 | David P Melito | Insider | Sell | 2,159 | $33.54 | $72,412.86 | 40,863 | |
| 11/9/2016 | Margaret M Keane | Insider | Sell | 2,000 | $30.00 | $60,000.00 | 361,206 | |
| 5/24/2016 | Brian D Doubles | Insider | Sell | 1,000 | $30.00 | $30,000.00 | 167,638 | |
| 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 | | |
(Data available from 1/1/2013 forward)
Synchrony Financial (NYSE SYF) News Headlines
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Synchrony Financial (NYSE:SYF) SEC Filings
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Synchrony Financial (NYSE:SYF) Income Statement, Balance Sheet and Cash Flow Statement
Synchrony Financial (NYSE SYF) Stock Chart for Friday, May, 25, 2018
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