The stock floated in a price range of $26.60 to $27.68, with market capitalization of $21.58B. Following the acquisition, the director now owns 55,389 shares in the company, valued at $1,539,814.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian D. Doubles sold 8,109 shares of the company's stock in a transaction that occurred on Tuesday, February 28th. RSI is a technical indicator of price momentum, comparing the size of recent gains to the size of recent losses and establishes oversold and overbought positions. Following the completion of the transaction, the insider now owns 169,962 shares in the company, valued at approximately $6,140,727.06. The disclosure for this purchase can be found here. 14,535,379 shares of the company traded hands.
A number of hedge funds and other institutional investors have recently modified their holdings of SYF. Finally, Intrust Bank NA raised its stake in shares of Synchrony Financial by 1.5% in the first quarter. BlackRock Inc. now owns 48,272,035 shares of the financial services provider's stock worth $1,655,730,000 after buying an additional 46,239,640 shares in the last quarter. FMR LLC now owns 27,582,023 shares of the financial services provider's stock worth $1,000,400,000 after buying an additional 8,518,794 shares during the last quarter.
Ionic Capital Management Llc increased Ishares Tr (SOXX) stake by 9,700 shares to 25,200 valued at $3.09M in 2016Q4. Douglas Lane & Associates LLC now owns 2,032,822 shares of the financial services provider's stock worth $56,919,000 after buying an additional 338,266 shares in the last quarter. Norges Bank bought a new position in Synchrony Financial during the fourth quarter worth $289,634,000. Creative Planning now owns 5,863 shares of the financial services provider's stock worth $201,000 after buying an additional 240 shares during the last quarter.
About shares traded. Synchrony Financial (NYSE:SYF) has risen 1.57% since October 4, 2016 and is uptrending. The overall volume in the last trading session was 4.78 million shares, versus the average volume of 1.58 million shares. The stock's price moved up its 200-day moving average of $131.49. We have $24.05 PT which if reached, will make NYSE:SYF worth $1.65 billion less. Synchrony Financial has a 12-month low of $23.25 and a 12-month high of $38.06.
Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Synchrony Financial the EPS stands at 0.61 for the previous quarter, while the analysts predicted the EPS of the stock to be 0.73, suggesting the stock fell short of the analysts' expectations.
ROA ratio indicates how profitable a company is relative to its total assets. Synchrony Financial had a return on equity of 16.34% and a net margin of 15.15%. The Higher end of the revenue forecast is $3.66 Billion, while the Lower end of the forecast is $3.54 Billion. During the same period in the prior year, the firm posted $0.70 EPS. On average, analysts anticipate that Synchrony Financial will post $2.60 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 18th. The ex-dividend date of this dividend is Thursday, May 4th.
Ricky Stenhouse Jr. wins on late move at Talladega
The last victory for Roush Fenway Racing was provided by Columbia's Carl Edwards on the road course at Sonoma in June, 2014. But no one had enough to catch leader Busch as the field was setting itself up for a frantic dash to the finish.
Synchrony Financial (SYF) belongs to the "Financial" sector with an industry focus on "Credit Services", with Ms. Margaret M. Keane as Chief Exec. Officer, Pres and Director.
A number of equities analysts recently weighed in on the stock.
Stock is now moving with a negative distance from the 200 day simple moving average of approximately -12.63%, and has a poor year to date (YTD) performance of -22.84% which means the stock is constantly subtracting to its value from the previous fiscal year end price. JMP Securities lifted their target price on Synchrony Financial from $37.00 to $41.00 and gave the stock an "outperform" rating in a report on Monday, January 23rd. Oppenheimer Holdings has a "Hold" rating on the stock.
05/01/2017 - Synchrony Financial had its " rating reiterated by analysts at Barclays. Finally, Wells Fargo & Co initiated coverage on Synchrony Financial in a research report on Wednesday, March 29th. They set an "outperform" rating for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of "Buy" and a consensus price target of $37.71.
COPYRIGHT VIOLATION NOTICE: This news story was first published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this piece on another website, it was stolen and reposted in violation of USA and global copyright laws.
Synchrony Financial is a consumer financial services company.
Comments