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
Stock Exchange NYSE
Industry Nondepository credit institutions
Sub-IndustryN/A
SectorFinance
SymbolNYSE:SYF
CUSIPN/A
Phone203-585-2400
Debt
Debt-to-Equity RatioN/A
Current Ratio1.05
Quick Ratio1.05
Price-To-Earnings
Trailing P/E Ratio11.86
Forward P/E Ratio9.11
P/E Growth0.84
Sales & Book Value
Annual Sales$16.70 billion
Price / Sales1.38
Cash Flow$3.2197 per share
Price / Cash9.65
Book Value$18.47 per share
Price / Book1.68
Profitability
EPS (Most Recent Fiscal Year)$2.62
Net Income$1.94 billion
Net Margins13.39%
Return on Equity16.96%
Return on Assets2.54%
Miscellaneous
Employees16,000
Outstanding Shares740,690,000
Market Cap$21.78 billion
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 Friday, July 27th. Investors of record on Monday, August 6th will be given a dividend of $0.21 per share on Thursday, August 16th. This represents a $0.84 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, August 3rd. This is a positive change from Synchrony Financial's previous quarterly dividend of $0.15. View Synchrony Financial's Dividend History.
How will Synchrony Financial's stock buyback program work?
Synchrony Financial declared that its board has initiated a stock buyback program on Sunday, June 4th 2017, which permits the company to repurchase $1,640,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 7.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.
How were Synchrony Financial's earnings last quarter?
Synchrony Financial (NYSE:SYF) announced its earnings results on Friday, July, 27th. The financial services provider reported $0.92 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.82 by $0.10. The financial services provider had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.82 billion. Synchrony Financial had a net margin of 13.39% and a return on equity of 16.96%. During the same quarter last year, the company 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?
19 equities research analysts have issued 12 month price objectives for Synchrony Financial's shares. Their forecasts range from $32.00 to $45.00. On average, they anticipate Synchrony Financial's share price to reach $38.0588 in the next year. This suggests a possible upside of 22.5% from the stock's current price. View Analyst Price Targets for Synchrony Financial.
What is the consensus analysts' recommendation for Synchrony Financial?
19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synchrony Financial in the last year. There are currently 8 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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)
Who are some of Synchrony Financial's key competitors?
Some companies that are related to Synchrony Financial include Zurich Insurance Group (ZURVY), CHINA MERCHANTS/ADR (CIHKY), Ally Financial (ALLY), SBI (SBHGF), Green Dot (GDOT), Blackhawk Network (HAWK), Qudian (QD), LexinFintech (LX), Walker & Dunlop (WD), BLUCORA INC Common Stock (BCOR), Wins Finance (WINS), Curo Group (CURO), Yirendai (YRD), On Deck Capital (ONDK) and Everi (EVRI).
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. Kurt R. Grossheim, Exec. VP & COO
Has Synchrony Financial been receiving favorable news coverage?
News coverage about SYF stock has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Synchrony Financial earned a news and rumor sentiment score of 0.09 on Accern's scale. They also assigned media coverage about the financial services provider an impact score of 47.21 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next few days. View Recent Headlines for Synchrony Financial.
Who are Synchrony Financial's major shareholders?
Synchrony Financial's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include FMR LLC (6.72%), BlackRock Inc. (6.25%), Janus Henderson Group PLC (2.33%), Bank of New York Mellon Corp (1.53%), Boston Partners (1.02%) and Morgan Stanley (0.76%). 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, Roy A Guthrie, Thomas M Quindlen and Will W Graylin. View Institutional Ownership Trends for Synchrony Financial.
Which major investors are selling Synchrony Financial stock?
SYF stock was sold by a variety of institutional investors in the last quarter, including Boston Partners, Canada Pension Plan Investment Board, Los Angeles Capital Management & Equity Research Inc., Assenagon Asset Management S.A., BlackRock Inc., LMR Partners LLP, Toronto Dominion Bank and Putnam Investments LLC. 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 major investors are buying Synchrony Financial stock?
SYF stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Janus Henderson Group PLC, American Century Companies Inc., Millennium Management LLC, KBC Group NV, Schwab Charles Investment Management Inc., Stevens Capital Management LP and First Quadrant L P CA. Company insiders that have bought Synchrony Financial stock in the last two years include Laurel Richie, Olympia J Snowe, Paget Leonard Alves, Roy A Guthrie 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 $31.07.
How big of a company is Synchrony Financial?
Synchrony Financial has a market capitalization of $21.78 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 (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 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.
