Synchrony Financial (NYSE:SYF) PT Raised to $65.00

Synchrony Financial (NYSE:SYF) had its price objective increased by investment analysts at Jefferies Financial Group from $60.00 to $65.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s price target points to a potential upside of 15.21% from the company’s current price.

A number of other equities analysts have also recently commented on the stock. Wells Fargo & Company lifted their price objective on shares of Synchrony Financial from $49.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 18th. Barclays upped their price target on shares of Synchrony Financial from $46.00 to $49.00 and gave the company an “equal weight” rating in a research note on Thursday, July 18th. BMO Capital Markets cut their price objective on shares of Synchrony Financial from $42.00 to $41.00 and set a “market perform” rating for the company in a research report on Thursday, July 18th. Baird R W raised Synchrony Financial to a “strong-buy” rating in a research report on Friday, June 28th. Finally, StockNews.com raised Synchrony Financial from a “hold” rating to a “buy” rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $56.25.

Synchrony Financial Stock Down 0.5 %

Shares of SYF stock opened at $56.42 on Thursday. Synchrony Financial has a 52-week low of $27.30 and a 52-week high of $57.26. The stock has a market cap of $22.30 billion, a price-to-earnings ratio of 7.84, a PEG ratio of 1.26 and a beta of 1.61. The firm’s 50-day moving average is $49.43 and its 200-day moving average is $46.60. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.23 and a current ratio of 1.23.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.17. Synchrony Financial had a return on equity of 16.06% and a net margin of 13.52%. The firm had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the prior year, the company earned $1.48 earnings per share. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. Sell-side analysts predict that Synchrony Financial will post 5.81 EPS for the current year.

Insider Activity at Synchrony Financial

In related news, insider Bart Schaller sold 930 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $50.84, for a total value of $47,281.20. Following the completion of the transaction, the insider now owns 49,390 shares of the company’s stock, valued at $2,510,987.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Bart Schaller sold 930 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $50.84, for a total value of $47,281.20. Following the completion of the transaction, the insider now owns 49,390 shares of the company’s stock, valued at $2,510,987.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Brian J. Sr. Wenzel sold 74,698 shares of Synchrony Financial stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $46.73, for a total transaction of $3,490,637.54. Following the sale, the insider now owns 76,251 shares in the company, valued at approximately $3,563,209.23. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in shares of Synchrony Financial by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 6,686,486 shares of the financial services provider’s stock valued at $315,381,000 after buying an additional 313,128 shares during the period. Boston Partners lifted its position in shares of Synchrony Financial by 66.6% during the 1st quarter. Boston Partners now owns 6,374,260 shares of the financial services provider’s stock valued at $274,892,000 after acquiring an additional 2,548,180 shares during the period. AQR Capital Management LLC raised its holdings in shares of Synchrony Financial by 14.6% during the second quarter. AQR Capital Management LLC now owns 5,726,704 shares of the financial services provider’s stock valued at $264,917,000 after purchasing an additional 727,649 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in Synchrony Financial by 2.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 3,496,009 shares of the financial services provider’s stock worth $150,748,000 after buying an additional 97,235 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in Synchrony Financial by 18.7% in the second quarter. Hsbc Holdings PLC now owns 3,131,599 shares of the financial services provider’s stock worth $147,599,000 after acquiring an additional 492,312 shares in the last quarter. 96.48% of the stock is owned by institutional investors.

Synchrony Financial Company Profile

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts, and sweep and affinity deposits, as well as accepts deposits through third-party securities brokerage firms.