SYF Synchrony Financial
Synchrony is a premier consumer financial services company. The Company delivers a wide range of specialized financing programs, as well as innovative consumer banking products, across key industries including digital, retail, home, auto, travel, health and pet. Synchrony enables its partners to grow sales and loyalty with consumers. It's one of the largest issuers of private label credit cards in the United States; it also offers co-branded products, installment loans and consumer financing products for small- and medium-sized businesses, as well as healthcare providers.
Company profile
Ticker
SYF, SYF+A
Exchange
Website
CEO
Alberto Casellas
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
SYF stock data
()
News
Unusual Options Activity Insight: Synchrony Finl
30 Jul 21
Analyst Ratings for Synchrony Finl
29 Jul 21
Morgan Stanley Maintains Overweight on Synchrony Finl, Raises Price Target to $65
29 Jul 21
Return on Capital Employed Insights for Synchrony Finl
26 Jul 21
Synchrony Announces Expansion In Equine Market With New CareCredit Financial Solutions And Digital Capabilities
22 Jul 21
Press releases
Synchrony Announces Quarterly Common Stock Dividend of $0.22 Per Share
22 Jul 21
Synchrony Announces Expansion In Equine Market With New CareCredit Financial Solutions And Digital Capabilities
22 Jul 21
Synchrony Reports Second Quarter 2021 Results
20 Jul 21
Synchrony Renews Decade-Long Consumer Financing Strategic Partnership
15 Jul 21
2021 Disability Equality Index Awards Synchrony Top Score for Fifth Consecutive Year
14 Jul 21
Calendar
22 Jul 21
4 Aug 21
31 Dec 21
Financial summary
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Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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Financial data from company earnings reports.
| Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 11.54B | 11.54B | 11.54B | 11.54B | 11.54B | 11.54B |
| Cash burn (monthly) | 1.85B | 406M | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) |
| Cash used (since last report) | 2.17B | 475.38M | n/a | n/a | n/a | n/a |
| Cash remaining | 9.37B | 11.07B | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 5.1 | 27.3 | n/a | n/a | n/a | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 Jul 21 | Carol Juel | Common Stock | Grant | Aquire A | No | No | 48.87 | 2,303 | 112.55K | 53,533 |
| 1 Jul 21 | Bart Schaller | Common Stock | Grant | Aquire A | No | No | 48.87 | 4,605 | 225.05K | 42,357 |
| 30 Jun 21 | Naylor Jeffrey G | Common Stock | Grant | Aquire A | No | No | 48.52 | 696 | 33.77K | 62,708 |
| 30 Jun 21 | Parker P.W. | Common Stock | Grant | Aquire A | No | No | 48.52 | 696 | 33.77K | 13,528 |
| 30 Jun 21 | Snowe Olympia J. | Common Stock | Grant | Aquire A | No | No | 48.52 | 696 | 33.77K | 28,410 |
Institutional ownership Q1 2021
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
93.8% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 677 |
| Opened positions | 109 |
| Closed positions | 67 |
| Increased positions | 248 |
| Reduced positions | 240 |
13F shares |
Current |
|---|---|
| Total value | 21.68B |
| Total shares | 534.19M |
| Total puts | 3.12M |
| Total calls | 2.88M |
| Total put/call ratio | 1.1 |
Largest owners |
Shares | Value |
|---|---|---|
| Vanguard | 63.18M | $2.57B |
| Capital World Investors | 50.74M | $2.06B |
| BLK Blackrock | 44.79M | $1.82B |
| FMR | 38.4M | $1.56B |
| STT State Street | 25.07M | $1.02B |
| Geode Capital Management | 10.04M | $407.27M |
| GIC Private | 9.46M | $328.22M |
| Arrowstreet Capital, Limited Partnership | 8.93M | $362.99M |
| BK Bank Of New York Mellon | 8.49M | $345.28M |
| Par Capital Management | 7.4M | $300.88M |
Financial report summary
?Management Discussion
- Below are highlights of our performance for the three and six months ended June 30, 2021 compared to the three and six months ended June 30, 2020, as applicable, except as otherwise noted.
- •Net earnings increased to $1.2 billion from $48 million and to $2.3 billion from $334 million for the three and six months ended June 30, 2021, respectively, primarily driven by lower provision for credit losses and decreases in other expense, partially offset by lower net interest income.
- •Loan receivables increased slightly to $78.4 billion at June 30, 2021 compared to $78.3 billion at June 30, 2020, primarily driven by higher purchase volume, largely offset by improvements in customer payment behavior reflecting the impact of government stimulus, industry-wide forbearance actions and lower discretionary spend during the prior year shutdowns.
Content analysis
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H.S. sophomore Avg
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New words:
aimed, Alberto, apparel, assortment, Bart, Bopp, broad, Carol, cohesive, commenced, evolving, EVP, expertise, expiry, faster, Gold, Howse, HQ, integrated, JCB, jewelry, Juel, Lifestyle, lifting, merchandise, Mike, Mitchell, music, Ochsner, open, organizational, outdoor, processing, Quindlen, released, scale, Schaller, Shop, sporting, strength, Sycle, Technology, TJX, Tom
Removed:
add, alleging, arise, automated, branded, Campbell, Carolina, choice, compensate, decline, defending, dialing, efficient, eliminate, filing, Florida, foregone, gas, identify, implement, indemnifying, lengthy, message, Neal, Negative, North, Northern, oil, Penney, personal, phone, replace, resolve, system, telephone, threshold, vast, voice, Western
Financial reports
10-Q
2021 Q2
Quarterly report
22 Jul 21
10-Q
2021 Q1
Quarterly report
27 Apr 21
10-K
2020 FY
Annual report
11 Feb 21
10-Q
2020 Q3
Quarterly report
22 Oct 20
10-Q
2020 Q2
Quarterly report
23 Jul 20
10-Q
2020 Q1
Quarterly report
21 Apr 20
10-K
2019 FY
Annual report
13 Feb 20
10-Q
2019 Q3
Quarterly report
24 Oct 19
10-Q
2019 Q2
Quarterly report
25 Jul 19
10-Q
2019 Q1
Quarterly report
25 Apr 19
Current reports
8-K
Regulation FD Disclosure
20 Jul 21
8-K
Second Quarter 2021 Results and Key Metrics
20 Jul 21
8-K
Regulation FD Disclosure
15 Jun 21
8-K
Departure of Directors or Certain Officers
1 Jun 21
8-K
Submission of Matters to a Vote of Security Holders
26 May 21
8-K
Synchrony Announces Approval of a $2.9 Billion Share Repurchase Program and Plans to Maintain Quarterly Common Stock Dividend of $0.22 Per Share
25 May 21
8-K
Regulation FD Disclosure
17 May 21
8-K
Regulation FD Disclosure
27 Apr 21
8-K
Synchrony Reports First Quarter Net Earnings of $1.0 Billion or
27 Apr 21
8-K
Regulation FD Disclosure
12 Apr 21
Registration and prospectus
8-A12B
Registration of securities on exchange
15 Nov 19
424B5
Prospectus supplement for primary offering
7 Nov 19
FWP
Free writing prospectus
6 Nov 19
424B5
Prospectus supplement for primary offering
6 Nov 19
S-3ASR
Automatic shelf registration
25 Jul 19
S-8
Registration of securities for employees
25 Jul 19
424B5
Prospectus supplement for primary offering
23 Jul 19
FWP
Free writing prospectus
22 Jul 19
424B5
Prospectus supplement for primary offering
22 Jul 19
424B5
Prospectus supplement for primary offering
15 Mar 19
Proxies
DEFA14A
Additional proxy soliciting materials
6 Apr 21
DEF 14A
Definitive proxy
6 Apr 21
DEFA14A
Additional proxy soliciting materials
21 Apr 20
DEF 14A
Definitive proxy
6 Apr 20
DEFA14A
Additional proxy soliciting materials
5 Apr 19
DEF 14A
Definitive proxy
5 Apr 19
DEFA14A
Additional proxy soliciting materials
26 Apr 18
DEF 14A
Definitive proxy
3 Apr 18
DEFA14A
Additional proxy soliciting materials
3 Apr 18
DEF 14A
Definitive proxy
3 Apr 17
Other
UPLOAD
Letter from SEC
25 Jun 20
CORRESP
Correspondence with SEC
24 Jun 20
UPLOAD
Letter from SEC
18 Jun 20
EFFECT
Notice of effectiveness
8 Nov 15
CORRESP
Correspondence with SEC
5 Nov 15
CORRESP
Correspondence with SEC
2 Nov 15
UPLOAD
Letter from SEC
28 Oct 15
CT ORDER
Confidential treatment order
12 Oct 15
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
22 Feb 15
EFFECT
Notice of effectiveness
10 Dec 14
Ownership
4
Synchrony Financial / Will W Graylin ownership change
2 Jul 21
4
Synchrony Financial / Paget Leonard Alves ownership change
2 Jul 21
4
Synchrony Financial / ROY A GUTHRIE ownership change
2 Jul 21
4
Synchrony Financial / ARTHUR W COVIELLO JR ownership change
2 Jul 21
4
Synchrony Financial / FERNANDO AGUIRRE ownership change
2 Jul 21
4
Synchrony Financial / Carol Juel ownership change
2 Jul 21
4
Synchrony Financial / Bart Schaller ownership change
2 Jul 21
4
Synchrony Financial / P.W. Parker ownership change
2 Jul 21
4
Synchrony Financial / OLYMPIA J. SNOWE ownership change
2 Jul 21
4
Synchrony Financial / Laurel Richie ownership change
2 Jul 21
Transcripts
2021 Q2
Earnings call transcript
20 Jul 21
2021 Q1
Earnings call transcript
27 Apr 21
2020 Q4
Earnings call transcript
29 Jan 21
2020 Q3
Earnings call transcript
20 Oct 20
2020 Q2
Earnings call transcript
21 Jul 20
2020 Q1
Earnings call transcript
21 Apr 20
2019 Q4
Earnings call transcript
24 Jan 20
2019 Q3
Earnings call transcript
18 Oct 19
2019 Q2
Earnings call transcript
19 Jul 19
2019 Q1
Earnings call transcript
18 Apr 19
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