Synchrony Financial (SYF) Receives Daily News Impact Rating of 0.16
Headlines about Synchrony Financial (NYSE:SYF) have trended somewhat positive on Thursday, Accern Sentiment reports. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Synchrony Financial earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 46.1633797512517 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media stories that may have impacted Accern’s scoring:
- IHS Markit Score Update: Drop in demand for ETFs holding Synchrony Financial is a negative sign for its shares (finance.yahoo.com)
- Synchrony Financial (SYF) Investment Increased by Sumitomo Mitsui Trust Holdings, Inc. – Modern Readers (modernreaders.com)
- Synchrony Financial (SYF) Investment Decreased by Artemis Investment Management LLP – Modern Readers (modernreaders.com)
- Synchrony Financial (NYSE:SYF) Stock Rating Lowered by BidaskClub (footballhebdo.com)
- Korea Investment Corp Has Upped Synchrony Finl (SYF) Stake by $32.87 Million (campdesrecrues.com)
Synchrony Financial (NYSE:SYF) traded down 3.07% during mid-day trading on Thursday, hitting $29.32. The company had a trading volume of 9,816,244 shares. Synchrony Financial has a 52-week low of $26.01 and a 52-week high of $38.06. The firm has a market cap of $23.32 billion, a P/E ratio of 11.01 and a beta of 1.01. The stock’s 50 day moving average price is $29.84 and its 200 day moving average price is $31.83.
Synchrony Financial (NYSE:SYF) last posted its earnings results on Friday, July 21st. The financial services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. Synchrony Financial had a return on equity of 15.30% and a net margin of 13.84%. The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.59 billion. During the same period last year, the firm earned $0.58 EPS. On average, equities research analysts predict that Synchrony Financial will post $2.60 EPS for the current fiscal year.
The firm 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 $0.15 dividend. This is a boost from Synchrony Financial’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, August 3rd. Synchrony Financial’s dividend payout ratio (DPR) is currently 22.64%.
Synchrony Financial declared that its Board of Directors has initiated a share repurchase plan on Thursday, May 18th that permits the company to buyback $1.64 billion in shares. This buyback authorization permits the financial services provider to purchase up to 7.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.
Several brokerages have recently weighed in on SYF. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Synchrony Financial in a research report on Sunday, April 30th. TheStreet raised Synchrony Financial from a “c” rating to a “b” rating in a research report on Monday, July 31st. BidaskClub lowered Synchrony Financial from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Morgan Stanley reissued an “overweight” rating and set a $35.00 target price (up previously from $33.00) on shares of Synchrony Financial in a research report on Tuesday, July 25th. Finally, BTIG Research reissued a “buy” rating and set a $36.00 target price on shares of Synchrony Financial in a research report on Wednesday, May 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $37.46.
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In other news, Director Paget Leonard Alves purchased 2,000 shares of the firm’s stock in a transaction on Monday, July 24th. The stock was purchased at an average cost of $30.85 per share, with a total value of $61,700.00. Following the purchase, the director now owns 8,521 shares in the company, valued at approximately $262,872.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.03% of the company’s stock.
Synchrony Financial Company Profile
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.
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