Synchrony Financial (NYSE:SYF) Receives $69.30 Consensus Target Price from Analysts

Shares of Synchrony Financial (NYSE:SYF) have received a consensus recommendation of “Moderate Buy” from the twenty-one ratings firms that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $69.30.

SYF has been the topic of several research analyst reports. The Goldman Sachs Group raised their price objective on Synchrony Financial from $72.50 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods raised their price target on Synchrony Financial from $62.00 to $82.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. UBS Group boosted their price objective on Synchrony Financial from $58.00 to $66.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Barclays upgraded shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $59.00 to $79.00 in a report on Monday, January 6th. Finally, Truist Financial upped their target price on shares of Synchrony Financial from $72.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, January 30th.

Synchrony Financial Price Performance

Synchrony Financial stock opened at $55.81 on Thursday. The firm has a market capitalization of $21.70 billion, a P/E ratio of 6.54, a PEG ratio of 0.71 and a beta of 1.63. The business has a 50-day moving average of $65.39 and a 200-day moving average of $59.88. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.01. Synchrony Financial has a 1 year low of $39.67 and a 1 year high of $70.93.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.02. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. On average, equities analysts anticipate that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date was Monday, February 3rd. Synchrony Financial’s dividend payout ratio is currently 11.71%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC boosted its stake in shares of Synchrony Financial by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 9,963,573 shares of the financial services provider’s stock valued at $650,678,000 after buying an additional 205,641 shares during the period. Allianz Asset Management GmbH raised its holdings in Synchrony Financial by 7.4% in the 4th quarter. Allianz Asset Management GmbH now owns 5,509,314 shares of the financial services provider’s stock valued at $358,105,000 after acquiring an additional 380,870 shares in the last quarter. Norges Bank bought a new stake in shares of Synchrony Financial during the 4th quarter valued at $347,903,000. Northern Trust Corp grew its holdings in shares of Synchrony Financial by 26.7% during the 4th quarter. Northern Trust Corp now owns 5,183,717 shares of the financial services provider’s stock worth $336,942,000 after purchasing an additional 1,093,922 shares in the last quarter. Finally, Southpoint Capital Advisors LP increased its position in shares of Synchrony Financial by 37.9% in the third quarter. Southpoint Capital Advisors LP now owns 4,600,000 shares of the financial services provider’s stock worth $229,448,000 after purchasing an additional 1,265,000 shares during the period. 96.48% of the stock is owned by institutional investors.

About Synchrony Financial

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.