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SYF Synchrony Financial

Synchrony Financial engages in the provision of consumer financial services. It operates through three sales platforms: Retail Card, Payment Solutions, and CareCredit. The Retail Card platform is a provider of private label credit cards, and also provides Dual Cards and small-and medium-sized business credit products. The Payment Solutions platform is a provider of promotional financing for major consumer purchases, offering private label credit cards and instalment loans. The CareCredit platform is a provider of promotional financing to consumers for elective healthcare procedures or services, such as dental, veterinary, cosmetic, vision and audiology. The company was founded on September 12, 2003 and is headquartered in Stamford, CT.

Company profile

Ticker
SYF, SYF+A
Exchange
NYSE
Website
www.synchronyfinancial.com/
CEO
Alberto Casellas
Employees
Incorporated
New York
Location
Connecticut
Fiscal year end
Dec 31
Sector
Finance and Insurance > All Other Nondepository Credit Intermediation
Industry (SIC)
Finance Services
American Express • General Motors Financial • Qudian • LexinFintech • Velocity Financial • Oportun Financial • 9F • Medallion Financial • 360 DigiTech • Amtd International ...
SEC CIK
0001601712
Corporate docs

SYF stock data

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News

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Benzinga's Top Ratings Upgrades, Downgrades For April 14, 2021
14 Apr 21
Oppenheimer Downgrades Synchrony Finl to Perform
14 Apr 21
Oppenheimer analyst Dominick Gabriele downgrades Synchrony Finl (NYSE:SYF) from Outperform to Perform.
Synchrony Financial Will Not Renew Gap Inc. Partnership, Will Redeploy Approximately $1B In Capital; Says Expects Program Exit Will Be Accretive To EPS
13 Apr 21
Synchrony will not renew its financing partnership with Gap Inc. when it expires on April 30, 2022. Synchrony was unable to reach contractual and economic terms with Gap that made sense for our company and our
Benzinga's Top Ratings Upgrades, Downgrades For April 9, 2021
9 Apr 21
Evercore ISI Group Initiates Coverage On Synchrony Finl with Outperform Rating, Announces Price Target of $49
9 Apr 21

Press releases

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Synchrony Recognized as One of the Best Places to Work
12 Apr 21
STAMFORD, Conn., April 12, 2021 /PRNewswire/ -- Synchrony (NYSE: SYF), a financial services company that made "caring for others" its first core value when it was founded seven years ago, was named one of
CareCredit Joins Epic App Orchard to Offer Patient Financing Solution
30 Mar 21
COSTA MESA, Calif., March 30, 2021 /PRNewswire/ -- CareCredit, a Synchrony (NYSE:SYF) solution and a leading provider of promotional financing for healthcare consumers, today announced CareCredit's Patient Financing
Synchrony to Announce First Quarter 2021 Financial Results on April 27, 2021
22 Mar 21
STAMFORD, Conn., March 22, 2021 /PRNewswire/ -- Synchrony (NYSE:SYF) plans to report its first quarter 2021 results on Tuesday, April 27, 2021. The earnings release and presentation materials are scheduled to be
Synchrony to Participate in the Wolfe Research Fintech Conference
26 Feb 21
Shuman, Glenn & Stecker Investigates Synchrony Financial
25 Feb 21

Calendar

11 Feb 21
19 Apr 21
31 Dec 21

Financial summary

Financial statements Chart SYF financial data
Quarter (USD)
 Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
 Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

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) 11.61B 11.61B 11.61B 11.61B 11.61B 11.61B
Cash burn (monthly) 673.67M 86.83M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 2.44B 314.31M n/a n/a n/a n/a
Cash remaining 9.17B 11.29B n/a n/a n/a n/a
Runway (months of cash) 13.6 130.0 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Recent insider trades

SYF insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
5 Apr 21 David P Melito Common Stock Sell Dispose S No Yes 42.16 2,205 92.96K 17,342
1 Apr 21 Paul Whynott Common Stock Payment of exercise Dispose F No No 41.66 2,542 105.9K 58,554
1 Apr 21 Margaret M Keane Common Stock Payment of exercise Dispose F No No 41.66 19,608 816.87K 793,617
1 Apr 21 Henry F Greig Common Stock Payment of exercise Dispose F No No 41.66 3,869 161.18K 185,636
1 Apr 21 Brian D Doubles Common Stock Payment of exercise Dispose F No No 41.66 5,170 215.38K 271,573
1 Apr 21 Brian D Doubles Common Stock Grant Aquire A No No 41.66 24,304 1.01M 276,743
Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2020

SYF institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

93.7% owned by funds/institutions
13F holders
 Current Prev Q Change
Total holders 633 582 +8.8%
Opened positions 107 73 +46.6%
Closed positions 56 65 -13.8%
Increased positions 194 188 +3.2%
Reduced positions 264 251 +5.2%
13F shares
 Current Prev Q Change
Total value 18.98B 13.9B +36.6%
Total shares 544.8M 530.8M +2.6%
Total puts 4.48M 3.72M +20.4%
Total calls 4.4M 3.82M +15.4%
Total put/call ratio 1.0 1.0 +4.4%
Largest owners
 Shares Value Change
Vanguard 62.58M $2.17B -1.4%
Capital World Investors 50.72M $1.76B +4.9%
BLK Blackrock 41.33M $1.43B +3.7%
FMR 35.81M $1.24B -3.1%
STT State Street 24.49M $850.01M +1.6%
BRK.A Berkshire Hathaway 20.13M $698.64M 0.0%
Geode Capital Management 10.12M $350.44M +3.5%
Southpoint Capital Advisors 10M $347.1M -4.8%
GIC Private 9.46M $328.22M NEW
BK Bank Of New York Mellon 8.43M $292.73M -3.8%
Largest transactions
 Shares Bought/sold Change
GIC Private 9.46M +9.46M NEW
Norges Bank 6.66M +6.66M NEW
Ajo 343.24K -2.94M -89.5%
Boston Partners 3.9M +2.44M +167.0%
Capital World Investors 50.72M +2.39M +4.9%
Point72 Asset Management 75K -2.23M -96.7%
GS Goldman Sachs 7.44M -2.13M -22.3%
Caisse De Depot Et Placement Du Quebec 7.73M -2.02M -20.7%
Balyasny Asset Management 1.79M +1.79M NEW
Westfield Capital Management 1.63M +1.63M NEW
Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

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Competition
Ally Financial • Goldman Sachs • Alliance Data System • Mastercard • Visa • Square
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
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Removed: aged, agent, authentication, authorizing, bargaining, behave, binding, Bosley, CCAR, center, Chapter, commenced, commencing, commonly, complied, consented, counsel, coupon, Cut, easier, ecosystem, Efficiency, employment, EMV, enactment, Florida, forthcoming, geographically, grew, Guaranty, implied, inaction, indemnity, insight, Interbank, interpret, IPO, Isaac, JP, Justice, labor, legally, London, Mae, marketable, Middle, Morgan, Mott, Nyree, preliminary, preserve, Procedure, prohibiting, prospectively, remeasurement, retrospectively, roll, ruling, Sallie, slight, Square, step, summarized, TSSA, UNAUDITED, unchanged, untrue, USAA, utilizing, validity, vault, widely
From filing 10-K 2020 FY

Financial reports

View all
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
10-K
2018 FY
Annual report
15 Feb 19
10-Q
2018 Q3
Quarterly report
25 Oct 18

Current reports

View all
8-K
Regulation FD Disclosure
12 Apr 21
8-K
Departure of Directors or Certain Officers
2 Apr 21
8-K
Regulation FD Disclosure
15 Mar 21
8-K
Regulation FD Disclosure
16 Feb 21
8-K
Regulation FD Disclosure
29 Jan 21
8-K
Synchrony Reports Fourth Quarter Net Earnings of $738 Million or $1.24 Per Diluted Share
29 Jan 21
8-K
Departure of Directors or Certain Officers
12 Jan 21
8-K
Regulation FD Disclosure
15 Dec 20
8-K
Departure of Directors or Certain Officers
11 Dec 20
8-K
Regulation FD Disclosure
16 Nov 20

Registration and prospectus

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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

View all
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

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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

View all
4
Synchrony Financial / DAVID P MELITO ownership change
7 Apr 21
4
Synchrony Financial / OLYMPIA J. SNOWE ownership change
2 Apr 21
4
Synchrony Financial / JEFFREY G NAYLOR ownership change
2 Apr 21
4
Synchrony Financial / ROY A GUTHRIE ownership change
2 Apr 21
4
Synchrony Financial / Paget Leonard Alves ownership change
2 Apr 21
4
Synchrony Financial / RICHARD C HARTNACK ownership change
2 Apr 21
4
Synchrony Financial / FERNANDO AGUIRRE ownership change
2 Apr 21
4
Synchrony Financial / Laurel Richie ownership change
2 Apr 21
4
Synchrony Financial / P.W. Parker ownership change
2 Apr 21
4
Synchrony Financial / Will W Graylin ownership change
2 Apr 21

Transcripts

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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
2018 Q4
Earnings call transcript
23 Jan 19
2018 Q3
Earnings call transcript
19 Oct 18
2018 Q2
Earnings call transcript
27 Jul 18

Reddit threads

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