Synchrony Financial (NYSE:SYF) Given Average Rating of “Moderate Buy” by Analysts

Synchrony Financial (NYSE:SYF) has received a consensus rating of “Moderate Buy” from the twenty-one analysts that are covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $63.95.

A number of research analysts recently weighed in on the company. Truist Financial decreased their target price on Synchrony Financial from $65.00 to $57.00 and set a “hold” rating on the stock in a report on Friday, April 25th. Morgan Stanley reiterated an “equal weight” rating and issued a $44.00 price objective (down from $82.00) on shares of Synchrony Financial in a report on Monday, April 7th. StockNews.com lowered shares of Synchrony Financial from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. Cfra Research raised shares of Synchrony Financial to a “hold” rating in a report on Tuesday, April 22nd. Finally, Royal Bank of Canada increased their price target on shares of Synchrony Financial from $70.00 to $73.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th.

Institutional Investors Weigh In On Synchrony Financial

Large investors have recently bought and sold shares of the company. New Wave Wealth Advisors LLC bought a new stake in shares of Synchrony Financial during the 4th quarter worth approximately $452,000. Asset Management One Co. Ltd. lifted its stake in Synchrony Financial by 7.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 178,811 shares of the financial services provider’s stock worth $11,787,000 after purchasing an additional 12,492 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Synchrony Financial in the 4th quarter valued at $57,000. Summit Trail Advisors LLC bought a new position in shares of Synchrony Financial in the 4th quarter valued at $423,000. Finally, NEOS Investment Management LLC increased its stake in shares of Synchrony Financial by 31.4% in the 4th quarter. NEOS Investment Management LLC now owns 25,622 shares of the financial services provider’s stock valued at $1,665,000 after purchasing an additional 6,120 shares during the last quarter. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Synchrony Financial Stock Performance

Shares of SYF stock opened at $60.88 on Tuesday. The stock has a market cap of $23.17 billion, a P/E ratio of 7.13, a P/E/G ratio of 0.71 and a beta of 1.42. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24. The company has a fifty day moving average price of $52.10 and a two-hundred day moving average price of $60.38. Synchrony Financial has a one year low of $40.55 and a one year high of $70.93.

Synchrony Financial (NYSE:SYF) last issued its earnings results on Tuesday, April 22nd. The financial services provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.26. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. The company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.80 billion. As a group, equities analysts predict that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date was Monday, May 5th. This is an increase from Synchrony Financial’s previous quarterly dividend of $0.25. Synchrony Financial’s payout ratio is 16.46%.

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.