SYNCHRONY FINANCIAL (NYSE:SYF) Files An 8-K Regulation FD Disclosure

SYNCHRONY FINANCIAL (NYSE:SYF) Files An 8-K Regulation FD Disclosure

SYNCHRONY FINANCIAL (SYF) Earnings Surprise: Earnings surprises can have a huge impact on a company's stock price. Guggenheim's price objective indicates a potential upside of 20.75% from the company's previous close.

Synchrony Financial closed its last trading session at $26.84 with the loss of -1.27%. Finally, Wells Fargo & Co initiated coverage on shares of Synchrony Financial in a research note on Wednesday, March 29th. They now have a United States dollars 35 price target on the stock. In terms of the stock price in relation to its moving averages, company shares are -5.31% away from the 20-day moving average and -13.66% off of the 50-day average. BofA/Merrill raised its rating on Synchrony Financial to Buy on 15/12/2016 in a reversal from its prior Neutral rating. Oppenheimer Holdings Inc. reaffirmed a "hold" rating on shares of Synchrony Financial in a research report on Sunday, April 30th. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 1.88 on scale of 1-5. Credit Suisse maintained it with "Buy" rating and $49 target in Friday, April 28 report.

Braun Stacey Associates Inc. increased its stake in shares of Synchrony Financial (NYSE:SYF) by 43.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 7,949,542 shares of the company's stock traded hands. Nevsun Resources Ltd. (NYSE:NSU) distance from 200-day simple moving average (SMA200) is -18.02%. Vetr cut shares of Synchrony Financial from a "strong-buy" rating to a "buy" rating and set a $40.10 price objective for the company.in a research report on Monday, February 6th. The stock has a market capitalization of $21.67 billion, a price-to-earnings ratio of 10.19 and a beta of 1.06. Synchrony Financial (NYSE:SYF) has risen 6.00% since April 19, 2017 and is uptrending. The difference between the expected and actual EPS was $-0.12/share, which represents an Earnings surprise of -16.4%. The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.54 billion. The Return on Equity (ROE) value stands at 15.4%. During the same period past year, the company posted $0.70 earnings per share. Analysts are expecting EPS growth rates to be at 2.20% this quarter and EPS estimate for next year reflect a 22.31% growth rate.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 18th. The stock rose 1.96% or $0.52 reaching $27.02. The ex-dividend date is Thursday, May 4th. Synchrony Financial P/E (price to earnings) ratio is 10.11 and Forward P/E ratio of 8.33.

John McCain calls for expulsion of Turkey's ambassador to US
President Donald Trump watches Turkish President Recep Tayyip Erdogan depart the White House in Washington , Tuesday, May 16, 2017.

WARNING: This piece of content was reported by The Cerbat Gem and is owned by of The Cerbat Gem. The correct version of this story can be viewed at https://baseballnewssource.com/markets/braun-stacey-associates-inc-buys-105780-shares-of-synchrony-financial-syf-updated-updated/675002.html.

In other Synchrony Financial news, Director Will W. Graylin acquired 18,000 shares of the company's stock in a transaction that occurred on Monday, May 1st. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Following the completion of the sale, the insider now owns 43,390 shares of the company's stock, valued at $1,485,673.60. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 9,457 shares of company stock valued at $339,056. Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Commonwealth Bank of Australia increased its position in Synchrony Financial by 50.2% in the third quarter. It also upped Air Prods & Chems Inc (NYSE:APD) stake by 1.10M shares and now owns 1.40 million shares.

12/07/2016 - Synchrony Financial was downgraded to "neutral" by analysts at Wedbush. Strs Ohio now owns 25,341 shares of the financial services provider's stock worth $869,000 after buying an additional 1,490 shares during the period. State Street Corp now owns 35,391,924 shares of the financial services provider's stock valued at $1,283,661,000 after buying an additional 2,287,606 shares in the last quarter. Baupost Group LLC MA raised its position in Synchrony Financial by 17.6% in the fourth quarter. Shares of Synchrony Financial (SYF) are trading -29.79% downward from the 52-week high mark and 15.98% above from the fifty two-week low mark. SeaBridge Investment Advisors LLC raised its position in Synchrony Financial by 28.9% in the third quarter. Baupost Group LLC MA now owns 20,665,000 shares of the financial services provider's stock valued at $749,520,000 after buying an additional 3,100,000 shares in the last quarter. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data.

About Synchrony Financial Synchrony Financial is a consumer financial services company.

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