Synchrony Financial Company Profile (NYSE:SYF)

Synchrony Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "SYF."

Synchrony Financial declared a quarterly dividend on Thursday, July 27th. Investors of record on Monday, August 7th will be given 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 2.03%. The ex-dividend date is Thursday, August 3rd. This is a boost from Synchrony Financial's previous quarterly dividend of $0.13. View Synchrony Financial's Dividend History.

Synchrony Financial declared that its board has initiated a stock buyback plan on Sunday, June 4th 2017, which authorizes the company to repurchase $1,640,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 7.6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board of directors believes its stock is undervalued.

Synchrony Financial (NYSE:SYF) announced its earnings results on Friday, July, 21st. The company reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.58 by $0.03. The firm earned $3.64 billion during the quarter, compared to analysts' expectations 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 prior year, the firm posted $0.58 EPS. View Synchrony Financial's Earnings History.

Synchrony Financial is scheduled to release their next quarterly earnings announcement on Friday, October, 20th 2017. View Earnings Estimates for Synchrony Financial.

21 equities research analysts have issued 12 month target prices for Synchrony Financial's shares. Their predictions range from $29.00 to $47.00. On average, they anticipate Synchrony Financial's share price to reach $37.25 in the next year. View Analyst Ratings for Synchrony Financial.

Here are some recent quotes from research analysts about Synchrony Financial stock:

• 1. According to Zacks Investment Research, "Synchrony Financial’s shares have underperformed the industry year to date. The company has been witnessing a steep rise in its expenses since 2013. This continuous rise in expenses has severely weighed on its bottom line. Moreover, the company suffers from increasing allowance for loan losses that has been increasing due to the rapid growth in its loan portfolio. This is likely to impact the company’s risk profile adversely. In addition, the company also suffers from rising fraud-related losses due to its exposure to risk of fraudulent activities associated with partners, customers and third parties handling customer information. The company has seen its Zacks Consensus Estimate for 2018 earnings being revised downward in the last 30 days." (9/25/2017)
• 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)

Synchrony Financial saw a increase in short interest in 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 trading volume of 5,155,099 shares, the short-interest ratio is currently 3.2 days. Approximately 2.1% of the company's shares are short sold.

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), EZCORP (EZPW), International Personal Finance Plc (IPF), 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).

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

Synchrony Financial's stock is owned by a variety of of retail and institutional 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.

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.

Synchrony Financial's stock was purchased 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.

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.

One share of Synchrony Financial stock can currently be purchased for approximately $29.57.