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
Website
CEO
Margaret M. Keane
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
SYF stock data
()
Calendar
23 Jul 20
23 Sep 20
31 Dec 20
News
Financial summary
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| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
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Financial data from company earnings reports.
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 13 Aug 20 | Alberto Casellas | Dividend Equivalent Unit | Grant | Aquire A | No | 24.7 | 404 | 9.98K | 67,808 |
| 13 Aug 20 | Naylor Jeffrey G | Dividend Equivalent Unit | Grant | Aquire A | No | 24.7 | 69 | 1.7K | 58,809 |
| 13 Aug 20 | Graylin Will W | Dividend Equivalent Unit | Grant | Aquire A | No | 24.7 | 69 | 1.7K | 51,511 |
| 13 Aug 20 | Hartnack Richard C | Dividend Equivalent Unit | Grant | Aquire A | No | 24.7 | 133 | 3.29K | 45,313 |
| 13 Aug 20 | Guthrie Roy A | Dividend Equivalent Unit | Grant | Aquire A | No | 24.7 | 69 | 1.7K | 26,809 |
Institutional ownership Q2 2020
91.5% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 574 |
| Opened positions | 86 |
| Closed positions | 89 |
| Increased positions | 170 |
| Reduced positions | 263 |
13F shares |
Current |
|---|---|
| Total value | 11.85B |
| Total shares | 534.13M |
| Total puts | 4.81M |
| Total calls | 4.26M |
| Total put/call ratio | 1.1 |
Largest owners |
Shares | Value |
|---|---|---|
| Vanguard | 65.75M | $1.46B |
| Capital World Investors | 43.02M | $953.36M |
| FMR | 41.55M | $920.68M |
| BLK BlackRock | 40.17M | $890.17M |
| STT State Street | 24.87M | $551.07M |
| BRK.A Berkshire Hathaway | 20.13M | $446.04M |
| Southpoint Capital Advisors | 10M | $221.6M |
| Geode Capital Management | 9.79M | $216.54M |
| Caisse De Depot Et Placement Du Quebec | 9.36M | $207.51M |
| JHG Janus Henderson | 8.55M | $189.41M |
Financial report summary
?Competition
Ally Financial • Goldman Sachs • Alliance Data Systems • Mastercard • Visa • Square • DiscoverManagement Discussion
- Below are highlights of our performance for the three and six months ended June 30, 2020 compared to the three and six months ended June 30, 2019, as applicable, except as otherwise noted.
- For a summary description of the composition of our key line items included in our Statements of Earnings, see Management's Discussion and Analysis of Financial Condition and Results of Operations in our 2019 Form 10-K.
- Interest income decreased by $908 million, or 19.2%, for the three months ended June 30, 2020 primarily driven by a decrease in interest and fees on loans of 17.9%. The sale of the Walmart consumer portfolio drove a decline in interest and fees on loans compared to the prior year period of approximately 10% and the remaining decrease was primarily due to the impact of COVID-19.
Content analysis
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| Positive | ||
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H.S. sophomore Avg
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New words:
Adorama, AdventHealth, Bernina, CarX, Champion, charitable, Club, Coast, cycle, Dental, drove, Englert, eventually, expire, expired, frame, Furniture, half, HiSun, larger, led, Modani, recaptioned, reopening, scheduled, Verizon, West
Removed:
dividend, expand
Financial reports
10-Q
2020 Q2
Quarterly report
23 Jul 20
10-Q
2020 Q1
Quarterly report
22 Apr 20
10-K
2019 FY
Annual report
13 Feb 20
10-Q
2019 Q3
Quarterly report
25 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
10-Q
2018 Q2
Quarterly report
27 Jul 18
10-Q
2018 Q1
Quarterly report
26 Apr 18
Current reports
8-K
Cost Associated with Exit or Disposal Activities
14 Sep 20
8-K
Regulation FD Disclosure
17 Aug 20
8-K
Synchrony Names Bill Parker to Board of Directors
22 Jul 20
8-K
Regulation FD Disclosure
21 Jul 20
8-K
Synchrony Reports Second Quarter Net Earnings of $48 Million or $0.06 Per Diluted Share
21 Jul 20
8-K
Regulation FD Disclosure
15 Jun 20
8-K
Submission of Matters to a Vote of Security Holders
28 May 20
8-K
Regulation FD Disclosure
15 May 20
8-K
Regulation FD Disclosure
21 Apr 20
8-K
Results of Operations and Financial Condition
21 Apr 20
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
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
27 Apr 18
DEF 14A
Definitive proxy
4 Apr 18
DEFA14A
Additional proxy soliciting materials
4 Apr 18
DEF 14A
Definitive proxy
4 Apr 17
DEFA14A
Additional proxy soliciting materials
4 Apr 17
DEF 14A
Definitive proxy
4 Apr 16
Other
UPLOAD
Letter from SEC
26 Jun 20
CORRESP
Correspondence with SEC
25 Jun 20
UPLOAD
Letter from SEC
19 Jun 20
EFFECT
Notice of effectiveness
9 Nov 15
CORRESP
Correspondence with SEC
6 Nov 15
CORRESP
Correspondence with SEC
3 Nov 15
UPLOAD
Letter from SEC
29 Oct 15
CT ORDER
Confidential treatment order
13 Oct 15
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
23 Feb 15
EFFECT
Notice of effectiveness
11 Dec 14
Ownership
4
Synchrony Financial / Paul Whynott ownership change
17 Aug 20
4
Synchrony Financial / MARGARET M KEANE ownership change
17 Aug 20
4
Synchrony Financial / THOMAS M QUINDLEN ownership change
17 Aug 20
4
Synchrony Financial / BRIAN D DOUBLES ownership change
17 Aug 20
4
Synchrony Financial / ARTHUR W COVIELLO JR ownership change
17 Aug 20
4
Synchrony Financial / DAVID P MELITO ownership change
17 Aug 20
4
Synchrony Financial / JONATHAN S MOTHNER ownership change
17 Aug 20
4
Synchrony Financial / Brian J. Sr. Wenzel ownership change
17 Aug 20
4
Synchrony Financial / HENRY F GREIG ownership change
17 Aug 20
4
Synchrony Financial / Laurel Richie ownership change
17 Aug 20