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Synchrony Financial (SYF) Looks Ready for Growth Despite 7.36% Change This Year

Synchrony Financial (NYSE: SYF) is 7.36% higher on its value in year-to-date trading and has touched a low of $26.59 and a high of $43.83 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 $41.75 in the last trading session, with the day’s loss setting it -0.75%.

Currently trading at $41.00, the stock is -2.63% and 1.47% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.25 million and changing -1.80% at the moment leaves the stock 17.82% off its SMA200. SYF registered 43.61% gain for a year compared to 6-month gain of 34.12%.

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The stock witnessed a -0.12% loss in the last 1 month and extending the period to 3 months gives it a 7.36%, and is -0.77% down 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 2.15% over the week and 2.33% over the month.

Synchrony Financial (SYF) has around 20000 employees, a market worth around $16.68B and $17.34B in sales. Current P/E ratio is 7.92 and Fwd P/E is 6.68. Profit margin for the company is 12.67%. Distance from 52-week low is 54.19% and -6.47% from its 52-week high. The company has generated returns on investments over the last 12 months (8.56%).

Synchrony Financial quarterly earnings per share for the current quarter are estimated at $1.49 with sales reaching $4.45B over the same period.The EPS is expected to grow by 8.40% this year, but quarterly earnings will post 6.50% year-over-year. Quarterly sales are estimated to grow 10.40% in year-over-year returns.

Synchrony Financial (SYF) Top Institutional Holders

1,015 institutions hold shares in Synchrony Financial (SYF), with institutional investors hold 100.10% of the company’s shares. The shares outstanding are 406.88M, and float is at 403.80M with Short Float at 2.90%. Institutions hold 99.50% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 54.53 million shares valued at $1.85 billion. The investor’s holdings represent 13.04% of the SYF Shares outstanding. As of Jun 29, 2023, the second largest holder is Capital World Investors with 45.09 million shares valued at $1.53 billion to account for 10.78% of the shares outstanding. The other top investors are Blackrock Inc. which holds 41.33 million shares representing 9.88% and valued at over $1.4 billion, while Bank of America Corporation holds 7.13% of the shares totaling 29.82 million with a market value of $1.01 billion.

Synchrony Financial (SYF) Insider Activity

The most recent transaction is an insider sale by Schaller Bart,the company’s. SEC filings show that Schaller Bart sold 61,781 shares of the company’s common stock on Mar 15 ’24 at a price of $42.82 per share for a total of $2.65 million. Following the sale, the insider now owns 50757.0 shares.

Synchrony Financial disclosed in a document filed with the SEC on Mar 15 ’24 that Howse Curtis () sold a total of 6,179 shares of the company’s common stock. The trade occurred on Mar 15 ’24 and was made at $42.82 per share for $0.26 million. Following the transaction, the insider now directly holds 0.15 million shares of the SYF stock.

Still, SEC filings show that on Mar 05 ’24, DOUBLES BRIAN D () disposed off 134,696 shares at an average price of $41.26 for $5.56 million. The insider now directly holds 660,353 shares of Synchrony Financial (SYF).

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