This Is Too Hot For Synchrony Financial (NYSE: SYF), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Most recently, Yahoo Finance reported about the stock as it publicized that Synchrony and Ally Financial Reach Agreement on Sale of Ally’s Point-of-Sale Financing Business.

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Stocks Info

As a NYSE listed company, SYF falls under the Financial sector while operating within the Credit Services industry segment. The current market capitalization of Synchrony Financial is $15.63B. A total of 7.83 million shares were traded on the day, compared to an average of 4.43M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, SYF has seen 18 BUY and 0 SELL insider trades, representing the acquisition of 5,936 and the disposition of 0 shares. Over the last 12 months, there were 126 BUYs and 48 SELLs from insiders. Insiders purchased 1,164,107 shares during that period but sold 715,306.

In the most recent transaction, Juel Carol sold 5,173 shares of SYF for 38.00 per share on Dec 14. After the transaction, the insider now owns 63,853 company shares. In a previous transaction on Dec 14, Schaller Bart sold 4,644 shares at 37.50 per share. SYF shares that the insider owns now total 60,266.

Among the insiders who sold shares, Schaller Bart disposed of 11,070 shares on Dec 13 at a per-share price of $36.75. This resulted in the insider holding 60,266 shares of SYF after the transaction. In another insider transaction, Juel Carol sold 5,023 shares at $37.00 per share on Dec 13. Company shares held by the insider now total 69,026.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Synchrony Financial pays an annual dividend of $0.96, resulting in a dividend yield of 2.54%, and it has a price to earnings (P/E) ratio of 6.98. SYF’s most recent ex-dividend date was 10/31/2023 when it declared a $0.25 quarterly dividend that was paid in cash on 11/9/2023. Previously, the company paid the dividend on 8/10/2023 with an ex-dividend date of 7/28/2023. The SYF stock dividend was $0.25 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for SYF in the last 3 months, the mean price target is $41.00 with high estimates of $56.00 and low estimates of $29.00. In terms of 52-week highs and lows, SYF has a high of $39.34 and a low of $26.59.

As of this writing, SYF has an earnings estimate of $0.93 per share for the current quarter. EPS was calculated based on a consensus of 21 estimates, with a high estimate of $1.34 per share and a lower estimate of $0.59. The company reported an EPS of $1.32 in the last quarter, which was 6.50% higher than expectations of $1.24.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. Its Book Value Per Share was $31.50, while its Total Shareholder’s Equity was $13.65B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SYF is Buy with a score of 3.64.

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