Stocks of Synchrony Financial (NYSE:SYF) traded higher last session on Wall Street, up 0.63% to $41.58.
SYF stock price is now 4.08% away from the 50-day moving average and 20.06% away from the 200-day moving average. The market capitalization of the company currently stands at $16.92B.
On January 10, 2024, Deutsche Bank recently initiated its ‘Buy’ rating on the stock quoting a target price of $56, while ‘BMO Capital Markets’ rates the stock as ‘Market Perform’
In other news, Schaller Bart, insider sold 61,781 shares of the company’s stock on Mar 15 ’24. The stock was sold for $2,645,462 at an average price of $42.82. Upon completion of the transaction, the insider now directly owns 50,757 shares in the company, valued at $2.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 15 ’24, Howse Curtis sold 6,179 shares of the business’s stock. A total of $264,585 was realized by selling the stock at an average price of $42.82. This leaves the insider owning 152,604 shares of the company worth $6.35 million. A total of 0.75% of the company’s stock is owned by insiders.
During the past 12 months, Synchrony Financial has had a low of $26.59 and a high of $43.83. The fifty day moving average price for SYF is $40.05 and a two-hundred day moving average price translates $34.67 for the stock.
The latest earnings results from Synchrony Financial (NYSE: SYF) was released for Dec, 2023. According to the Credit Services Company, earnings per share came in at $1.03, beating analysts’ expectations of $0.93 by 0.1. This compares to $1.31 EPS in the same period last year. The net profit margin was 12.67% and return on equity was 16.72% for SYF. The company reported revenue of $5.55 billion for the quarter, compared to $4.71 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.86 percent. For the current quarter, analysts expect SYF to generate $4.45B in revenue.
Synchrony Financial(SYF) Company Profile
Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts, and sweep and affinity deposits, as well as accepts deposits through third-party securities brokerage firms. In addition, it provides debt cancellation products to its credit card customers through online, mobile, and direct mail; and healthcare payments and financing solutions under the CareCredit and Walgreens brands; payments and financing solutions in the apparel, specialty retail, outdoor, music, and luxury industries, such as American Eagle, Dick’s Sporting Goods, Guitar Center, Kawasaki, Pandora, Polaris, Suzuki, and Sweetwater. The company offers its credit products through programs established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations, and healthcare service providers; and deposit products through various channels, such as digital and print. It serves digital, health and wellness, retail, home, auto, telecommunications, jewelry, pets, and other industries. The company was founded in 1932 and is headquartered in Stamford, Connecticut.
