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.

GOP senator on Comey memo: 'Republicans can't be OK with this'
Trump has been under scrutiny from Democrats and political pundits since he abruptly fired Comey last week. The FBI has been looking into Flynn for months as part of a counterintelligence investigation.

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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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