Brokerages Set Synchrony Financial (SYF) Target Price at $36.63
Synchrony Financial (NYSE:SYF) has been assigned an average recommendation of “Buy” from the twenty-six brokerages that are presently covering the firm, Marketbeat reports. Twelve equities research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $36.63.
A number of analysts have recently weighed in on the stock. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Synchrony Financial in a research note on Tuesday. Barclays PLC set a $40.00 price objective on shares of Synchrony Financial and gave the stock a “buy” rating in a research note on Monday, October 23rd. Wells Fargo & Company increased their price objective on shares of Synchrony Financial from $33.00 to $35.00 and gave the stock a “market perform” rating in a research note on Monday, October 23rd. Zacks Investment Research upgraded shares of Synchrony Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, October 23rd. Finally, Morgan Stanley increased their price objective on shares of Synchrony Financial from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd.
In other Synchrony Financial news, insider Jonathan S. Mothner sold 1,500 shares of the stock in a transaction on Monday, October 30th. The shares were sold at an average price of $32.82, for a total transaction of $49,230.00. Following the transaction, the insider now directly owns 113,934 shares of the company’s stock, valued at $3,739,313.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jonathan S. Mothner sold 1,000 shares of the stock in a transaction on Friday, October 20th. The shares were sold at an average price of $33.50, for a total transaction of $33,500.00. Following the transaction, the insider now directly owns 113,578 shares in the company, valued at $3,804,863. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of SYF. KCG Holdings Inc. lifted its holdings in Synchrony Financial by 169.4% during the first quarter. KCG Holdings Inc. now owns 15,938 shares of the financial services provider’s stock valued at $547,000 after purchasing an additional 10,021 shares in the last quarter. United Capital Financial Advisers LLC lifted its holdings in Synchrony Financial by 8.6% during the first quarter. United Capital Financial Advisers LLC now owns 6,821 shares of the financial services provider’s stock valued at $234,000 after purchasing an additional 538 shares in the last quarter. Gotham Asset Management LLC lifted its stake in shares of Synchrony Financial by 209.0% in the first quarter. Gotham Asset Management LLC now owns 31,339 shares of the financial services provider’s stock worth $1,075,000 after buying an additional 21,197 shares in the last quarter. Harbour Capital Advisors LLC purchased a new position in shares of Synchrony Financial in the first quarter worth about $1,112,000. Finally, Horizon Investment Services LLC purchased a new position in shares of Synchrony Financial in the first quarter worth about $3,823,000. 88.46% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Synchrony Financial (NYSE:SYF) traded up $0.28 during trading on Wednesday, reaching $33.11. 4,239,900 shares of the company’s stock were exchanged, compared to its average volume of 6,135,237. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.47 and a quick ratio of 1.47. Synchrony Financial has a twelve month low of $26.01 and a twelve month high of $38.06. The firm has a market cap of $25.91 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 1.37 and a beta of 1.02.
Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Friday, October 20th. The financial services provider reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.06. The firm had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.78 billion. Synchrony Financial had a net margin of 13.17% and a return on equity of 14.84%. During the same quarter in the prior year, the business earned $0.73 earnings per share. equities research analysts anticipate that Synchrony Financial will post 2.6 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Monday, November 6th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.81%. The ex-dividend date is Friday, November 3rd. Synchrony Financial’s payout ratio is 22.81%.
Synchrony Financial Company Profile
Synchrony Financial is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.
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