New Big Money Means Synchrony Financial (SYF) Investors Could Reap Benefit

879 institutions hold shares in Synchrony Financial (SYF), with 2.15M shares held by insiders accounting for 0.37% while institutional investors hold 102.17% of the company’s shares. The shares outstanding are 583.60M, and float is at 581.64M with Short Float at 1.85%. Institutions hold 101.79% of the Float.


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The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 63.48 million shares valued at $1.66 billion. The investor’s holdings represent 10.87% of the SYF Shares outstanding. As of Sep 29, 2020, the second largest holder is Capital World Investors with 48.33 million shares valued at $1.26 billion to account for 8.28% of the shares outstanding. The other top investors are Blackrock Inc. which holds 41.33 million shares representing 7.08% and valued at over $1.43 billion, while FMR, LLC holds 6.13% of the shares totaling 35.81 million with a market value of $1.24 billion.

Synchrony Financial (NYSE: SYF) is 9.71% higher on its value in year-to-date trading and has touched a low of $12.15 and a high of $40.69 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SYF stock was last observed hovering at around $36.65 in the last trading session, with the day’s gains setting it 1.43% off its average median price target of $46.00 for the next 12 months. It is also 29.48% off the consensus price target high of $54.00 offered by 20 analysts, but current levels are -5.78% lower than the price target low of $36.00 for the same period.

Currently trading at $38.08, the stock is 4.06% and 7.21% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.61 million and changing 3.90% at the moment leaves the stock 38.35% off its SMA200. SYF registered 13.20% gain for a year compared to 6-month gain of 57.94%. The firm has a 50-day simple moving average (SMA 50) of $36.87 and a 200-day simple moving average (SMA200) of $30.33.

The stock witnessed a -4.59% loss in the last 1 month and extending the period to 3 months gives it a 24.57%, and is 2.15% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.73% over the week and 3.32% over the month.

Synchrony Financial (SYF) has around 16500 employees, a market worth around $21.40B and $16.07B in sales. Current P/E ratio is 16.74 and Fwd P/E is 7.71. Profit margin for the company is 8.40%. Distance from 52-week low is 213.42% and -6.41% from its 52-week high. The company has generated returns on investments over the last 12 months (35.30%).

Synchrony Financial (SYF) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Synchrony Financial (SYF) is a “Buy”. 20 analysts offering their recommendations for the stock have an average rating of 1.80, where 2 rate it as a Hold and 0 think it is a “Overweight”. 17 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Synchrony Financial is expected to release its quarterly report on 04/16/2021 and quarterly earnings per share for the current quarter are estimated at $1.19 with sales reaching $3.62B over the same period.The EPS is expected to shrink by -59.10% this year, but quarterly earnings will post 1.40% year-over-year. Quarterly sales are estimated to shrink -7.00% in year-over-year returns.

Synchrony Financial (SYF) Insider Activity

A total of 92 insider transactions have happened at Synchrony Financial (SYF) in the last six months, with sales accounting for 15 and purchases happening 77 times. The most recent transaction is an insider sale by MELITO DAVID P. SEC filings show that MELITO DAVID P sold 4,737 shares of the company’s common stock on Jan 28 at a price of $34.83 per share for a total of $0.16 million. Following the sale, the insider now owns 19702.0 shares.

Synchrony Financial disclosed in a document filed with the SEC on Nov 16 that GREIG HENRY F sold a total of 35,000 shares of the company’s common stock. The trade occurred on Nov 16 and was made at $31.00 per share for $1.08 million. Following the transaction, the insider now directly holds 0.16 million shares of the SYF stock.

Still, SEC filings show that on Nov 12, GREIG HENRY F disposed off 35,000 shares at an average price of $29.00 for $1.01 million. The insider now directly holds 164,770 shares of Synchrony Financial (SYF).

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Synchrony Financial (SYF): Who are the competitors?

The company’s main competitors (and peers) include Visa Inc. (V) that is -3.18% lower over the past 12 months. FLEETCOR Technologies Inc. (FLT) is -13.87% down on the 1-year trading charts. Short interest in the company’s stock has risen 8.91% from the last report on Dec 30, 2020 to stand at a total of 9.82 million short shares sold with a short interest ratio of 1.61.

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