During the last session, Synchrony Financial (NYSE:SYF)’s traded shares were 3.63 million, with the beta value of the company hitting 1.61. At the end of the trading day, the stock’s price was $41.28, reflecting an intraday gain of 0.22% or $0.09. The 52-week high for the SYF share is $43.83, that puts it down -6.18 from that peak though still a striking 35.59% gain since the share price plummeted to a 52-week low of $26.59. The company’s market capitalization is $16.79B, and the average intraday trading volume over the past 10 days was 4.73 million shares, and the average trade volume was 4.59 million shares over the past three months.
Synchrony Financial (NYSE:SYF) trade information
Synchrony Financial (SYF) registered a 0.22% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.22% in intraday trading to $41.28, hitting a weekly high. The stock’s 5-day price performance is -4.27%, and it has moved by 0.05% in 30 days. Based on these gigs, the overall price performance for the year is 42.69%. The short interest in Synchrony Financial (NYSE:SYF) is 11.7 million shares and it means that shorts have 2.53 day(s) to cover.
Synchrony Financial (SYF) estimates and forecasts
Statistics show that Synchrony Financial has underperformed its competitors in share price, compared to the industry in which it operates. Synchrony Financial (SYF) shares have gone up 42.15% during the last six months, with a year-to-date growth rate less than the industry average at 9.83% against 11.90. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 8.10% this quarter and then jump 5.30% in the quarter after that. In the rating firms’ projections, revenue will increase 6.50% compared to the previous financial year.
Revenue for the current quarter is expected to be $4.45 billion as predicted by 12 analyst(s). Meanwhile, a consensus of 12 analyst(s) estimates revenue growth to $4.45 billion by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $4.04 billion and $4.12 billion respectively. In this case, analysts expect current quarter sales to grow by 10.30% and then jump by 8.00% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 6.75%. While earnings are projected to return 8.30% in 2024, the next five years will return 13.00% per annum.
SYF Dividends
Synchrony Financial is due to release its next quarterly earnings between April 17 and April 22. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Synchrony Financial is 0.98, with the dividend yield indicating at 2.37 percent, continuing the trend of increasing dividends in recent years.
Synchrony Financial (NYSE:SYF)’s Major holders
Synchrony Financial insiders own 0.61% of total outstanding shares while institutional holders control 99.50%, with the float percentage being 100.10%. Vanguard Group Inc is the largest shareholder of the company, while 1,015 institutions own stock in it. As of Jun 29, 2023, the company held over 54.53 million shares (or 13.04% of all shares), a total value of $1.85 billion in shares.
The next largest institutional holding, with 45.09 million shares, is of Capital World Investors’s that is approximately 10.78% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $1.53 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Synchrony Financial (SYF) shares are American Balanced Fund and Vanguard Total Stock Market Index Fund. Data provided on Sep 29, 2023 indicates that American Balanced Fund owns about 22.15 million shares. This amounts to just over 5.30 percent of the company’s overall shares, with a $676.98 million market value. The same data shows that the other fund manager holds slightly less at 13.28 million, or about 3.18% of the stock, which is worth about $450.52 million.
