Is Synchrony Financial (SYF) Running Out of Gas?
- Author: Zachary Reyes Jun 23, 2017,
Jun 23, 2017, 8:04
For the most recent quarter, quick ratio was 0, current ratio was 0, LT Debt/Equity ratio was 1.41 and Total Debt/Equity ratio was 1.41. The institutional investor owned 3,672 shares of the financial services provider's stock after selling 98 shares during the period. WFG Advisors LP now owns 12,458 shares of the financial services provider's stock valued at $117,000 after buying an additional 12,451 shares during the last quarter. Nordea Investment Management AB increased its stake in Synchrony Financial by 26.1% in the third quarter. Using this scale, a 1 would indicate a Strong Buy, and a 5 rating would represent a Strong Sell rating. Northwestern Mutual Wealth Management Co. increased its position in shares of Synchrony Financial by 28.2% in the first quarter. Commonwealth Bank of Australia now owns 4,562 shares of the financial services provider's stock valued at $128,000 after buying an additional 1,525 shares during the last quarter. Sit Investment Associates Inc. now owns 793,005 shares of the financial services provider's stock valued at $22,204,000 after buying an additional 732,630 shares during the period. Finally, State Street Corp boosted its position in shares of Synchrony Financial by 6.9% in the fourth quarter. Levin Capital Strategies L.P. now owns 2,230,246 shares of the financial services provider's stock valued at $76,497,000 after buying an additional 208,078 shares during the period. Also, Director Will W. Graylin bought 18,000 shares of the firm's stock in a transaction that occurred on Monday, May 1st. Analysts have a mean recommendation of 3.00 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). As per Wednesday, May 4, the company rating was maintained by Roth Capital. Synchrony Financials now has $23.75 billion valuation.
Now we look at the Moving Averages, the 200-day is -8.17, the 50-day is 0.27 and the 20-day is 4.88. The firm has "Neutral" rating given on Wednesday, December 7 by Wedbush. Synchrony Financial also saw unusually large options trading on Monday. The average analysts gave this company a mean recommendation of 1.90. The Balyasny Asset Management Llc holds 1.66 million shares with $60.20M value, up from 1.26 million last quarter. Net profit margin of the company was recorded at 14.3 percent, operating profit margin was 62.7 percent, whereas gross profit margin stands at 0 percent.
So the company lags the analysts estimate by $-0.12/share showing a surprise of -16.4%. The share price has moved forward from its 20 days moving average 5.29% and negatively from its 50 days moving average -0.05%. During the same quarter in the previous year, the firm posted $0.70 earnings per share.
TRADEMARK VIOLATION NOTICE: This news story was originally posted by Markets Daily and is owned by of Markets Daily. Synchrony Financial (NYSE:SYF) has declined 10.35% since June 20, 2016 and is downtrending. If you are viewing this news story on another website, it was illegally copied and republished in violation of U.S. & worldwide trademark & copyright laws. The original version of this article can be viewed at https://transcriptdaily.com/2017/06/22/blair-william-co-il-buys-15029-shares-of-synchrony-financial-syf-updated-updated.html. The stock is unnoticeable among investors as SYF reported unfavorable performance of -18.89%. Wells Fargo & Company started coverage on Synchrony Financial in a research report on Wednesday, March 29th. Kbc Group Nv holds 0.05% of its portfolio in Voya Financial Inc (NYSE:VOYA) for 121,532 shares. Macquarie Research initiated Synchrony Financial (NYSE:SYF) on Wednesday, May 11 with "Neutral" rating. The stock of Synchrony Financial (NYSE:SYF) earned "Market Perform" rating by BMO Capital Markets on Monday, October 19. Below is a list of Synchrony Financial (NYSE:SYF) latest ratings and price target changes. The company was initiated on Tuesday, April 11 by Oppenheimer. They issued a "market perform" rating for the company. The stock of Glaukos Corp (NYSE:GKOS) earned "Buy" rating by Stifel Nicolaus on Friday, January 6. About shares traded. Intercontinental Exchange Inc (NYSE:ICE) has risen 13.80% since June 22, 2016 and is uptrending. Following the completion of the sale, the insider now owns 43,390 shares of the company's stock, valued at approximately $1,485,673.60. The acquisition was disclosed in a document filed with the SEC, which is available through this link. The stock rose 0.57% or $1.01 reaching $177.94. The disclosure for this sale can be found here. Currently Synchrony Financial (SYF) has beta value of 0. It operates through three divisions: The Payment Processing and Risk Management segment accounts for all services and products for electronic payment processing and risk management; the Acquiring & Issuing (A&I) segment comprises the activities of Wirecard Bank AG, including credit card issuing and credit card sales revenues statements for online and terminal payments, as well as offers processing of clients' payment transactions via accounts kept with Wirecard Bank AG, and the Call Center & Communication Services (CC&CS) segment offers all services and products related to call center-supported relationship management of corporate and private customers, including after-sales service and mailing activities, among others.