Bp Plc Has $3567000 Position in Synchrony Financial (SYF)

The firm owned 104,000 shares of the financial services provider's stock at the end of the first quarter. The rating was downgraded by Wedbush on Wednesday, December 7 to "Neutral". AlphaOne also gave media coverage about the financial services provider an impact score of 35 out of 100, meaning that recent press coverage is unlikely to have an effect on the company's share price in the near term. For the quarter, shares have been noted at -25.36%. The institutional investor held 1.12M shares of the consumer services company at the end of 2016Q4, valued at $40.56 million, down from 6.56M at the end of the previous reported quarter. Synchrony Financial makes up approximately 1.9% of FSI Group LLC's holdings, making the stock its 18th largest position. State Street Corp raised its position in shares of Synchrony Financial by 6.9% in the fourth quarter. The stock showed weekly upbeat performance of 5.08%, which was maintained for the month at 0.92%. Company insiders own 0.02% of the company's stock. The expected SYF's profit could reach $494.45 million giving the stock 11.35 P/E in the case that $0.60 earnings per share is reported.

Stock is now moving with a negative distance from the 200 day simple moving average of approximately -16.22%, and has a poor year to date (YTD) performance of -26.11% which means the stock is constantly subtracting to its value from the previous fiscal year end price.

Currently, the market capitalization of Synchrony Financial (SYF) is 21.74 Billion. The stock touched 52-week High of $38.06 on 01/04/17 and 52-week Low of $23.25 on 06/27/16. SunTrust has "Buy" rating and $56 target. This is an increase of approximately 756% compared to the typical daily volume of 1,659 put options.

Wall Street await Synchrony Financial (NYSE:SYF) to release earnings on July, 28. This is assuming the current $0.60 EPS is accurate. The firm had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same period in the previous year, the company earned $0.70 earnings per share. Brandywine Glob Invest Mngmt Ltd invested in 0.13% or 375,302 shares. This represents a $0.52 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Thursday, May 4th. Synchrony Financial P/E (price to earnings) ratio is 10.22 and Forward P/E ratio of 8.42.

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SYF has been the topic of a number of research reports. BMO Capital Markets reissued a "buy" rating and issued a $38.00 price objective on shares of Synchrony Financial in a report on Tuesday, April 11th. Macquarie Research initiated Synchrony Financial (NYSE:SYF) on Wednesday, May 11 with "Neutral" rating. Wells Fargo initiated the shares of SYF in report on Wednesday, March 29 with "Outperform" rating. The stock has "Overweight" rating by Barclays Capital on Wednesday, February 8. The rating was maintained by Avondale on Monday, April 18 with "Market Perform". Oppenheimer Holdings Inc. reaffirmed a "hold" rating on shares of Synchrony Financial in a research report on Sunday, April 30th. The stock has "Market Perform" rating by BMO Capital Markets on Wednesday, September 16. One analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The stock of Unilever plc (LON:ULVR) earned "Buy" rating by Berenberg on Friday, December 4.

In other news, Director Will W. Graylin bought 18,000 shares of the company's stock in a transaction that occurred on Monday, May 1st. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Nordea Investment Management AB now owns 505,378 shares of the financial services provider's stock valued at $14,151,000 after buying an additional 104,476 shares during the last quarter. The shares were sold at an average price of $36.13, for a total transaction of $292,978.17. Following the completion of the sale, the insider now directly owns 43,390 shares of the company's stock, valued at $1,485,673.60. The disclosure for this purchase can be found here. Sanders Capital Llc acquired 49,642 shares as Synchrony Finl (SYF)'s stock declined 26.83%.

Synchrony Financial (SYF) is an interesting player in the Financial space, with a focus on Credit Services.

  • Zachary Reyes