Synchrony Financial (NYSE:SYF) released its quarterly earnings data on Friday. The financial services provider reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.07, Bloomberg Earnings reports. The company had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.96 billion. Synchrony Financial had a return on equity of 14.84% and a net margin of 13.17%. During the same quarter in the previous year, the company posted $0.70 earnings per share.

Shares of Synchrony Financial (SYF) traded up $1.17 during trading on Friday, hitting $38.47. The stock had a trading volume of 11,650,246 shares, compared to its average volume of 5,212,523. Synchrony Financial has a twelve month low of $26.01 and a twelve month high of $40.17. The firm has a market cap of $30,106.31, a price-to-earnings ratio of 15.96, a PEG ratio of 1.47 and a beta of 1.06. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.38.

In other news, insider Jonathan S. Mothner sold 1,500 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $32.82, for a total value of $49,230.00. Following the transaction, the insider now owns 113,934 shares of the company’s stock, valued at approximately $3,739,313.88. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Olympia J. Snowe purchased 3,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was acquired at an average cost of $33.40 per share, for a total transaction of $100,200.00. Following the purchase, the director now owns 10,608 shares in the company, valued at $354,307.20. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 7,961 shares of company stock worth $291,008. Corporate insiders own 0.03% of the company’s stock.

Several hedge funds have recently bought and sold shares of SYF. Berkshire Hathaway Inc. purchased a new stake in shares of Synchrony Financial in the 2nd quarter valued at $520,747,000. Janus Henderson Group PLC raised its holdings in shares of Synchrony Financial by 1,820.5% in the 2nd quarter. Janus Henderson Group PLC now owns 10,934,573 shares of the financial services provider’s stock valued at $326,070,000 after buying an additional 10,365,219 shares during the period. FMR LLC raised its holdings in shares of Synchrony Financial by 27.1% in the 2nd quarter. FMR LLC now owns 36,964,054 shares of the financial services provider’s stock valued at $1,102,267,000 after buying an additional 7,874,689 shares during the period. Capital World Investors purchased a new stake in shares of Synchrony Financial in the 2nd quarter valued at $202,269,000. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Synchrony Financial by 2,777.1% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,109,742 shares of the financial services provider’s stock valued at $128,144,000 after buying an additional 3,966,900 shares during the period. Hedge funds and other institutional investors own 85.57% of the company’s stock.

A number of equities analysts have weighed in on SYF shares. Zacks Investment Research lowered Synchrony Financial from a “hold” rating to a “sell” rating in a research note on Monday, September 25th. Bank of America lowered Synchrony Financial from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $35.00 to $33.00 in a research note on Friday, October 6th. Wells Fargo & Co started coverage on Synchrony Financial in a research note on Tuesday, October 10th. They set a “market perform” rating and a $33.00 price objective on the stock. Keefe, Bruyette & Woods reissued a “buy” rating and set a $39.00 price objective on shares of Synchrony Financial in a research note on Thursday, October 12th. Finally, Oppenheimer reissued a “hold” rating on shares of Synchrony Financial in a research note on Friday, October 20th. Ten research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Synchrony Financial has an average rating of “Buy” and a consensus target price of $38.40.

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About Synchrony Financial

Synchrony Financial is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.

Earnings History for Synchrony Financial (NYSE:SYF)

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