Wells Fargo & Co reiterated their buy rating on shares of Synchrony Financial (NYSE:SYF) in a report issued on Wednesday.

A number of other brokerages have also recently commented on SYF. Zacks Investment Research raised shares of Synchrony Financial from a hold rating to a buy rating and set a $33.00 target price for the company in a report on Monday, January 28th. Oppenheimer raised shares of Synchrony Financial from a market perform rating to an outperform rating and set a $43.00 target price for the company in a report on Thursday, January 24th. Bank of America raised shares of Synchrony Financial from a neutral rating to a buy rating and set a $37.00 target price for the company in a report on Wednesday, January 30th. Stephens reaffirmed a hold rating and issued a $34.00 target price on shares of Synchrony Financial in a report on Sunday, January 27th. Finally, CIBC upgraded shares of Synchrony Financial from a market perform rating to an outperform rating and set a $43.00 price target on the stock in a research note on Thursday, January 24th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $37.43.

Shares of SYF opened at $33.31 on Wednesday. Synchrony Financial has a 1-year low of $21.77 and a 1-year high of $36.32. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market capitalization of $23.65 billion, a P/E ratio of 8.91, a P/E/G ratio of 0.82 and a beta of 1.29.

Synchrony Financial (NYSE:SYF) last announced its earnings results on Wednesday, January 23rd. The financial services provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.16. Synchrony Financial had a net margin of 15.45% and a return on equity of 19.41%. The business had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.25 billion. During the same period in the prior year, the company earned $0.70 earnings per share. As a group, sell-side analysts predict that Synchrony Financial will post 4.37 earnings per share for the current fiscal year.

In other news, insider Henry F. Greig sold 50,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $33.00, for a total transaction of $1,650,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David P. Melito sold 3,204 shares of the business’s stock in a transaction dated Thursday, January 24th. The stock was sold at an average price of $30.00, for a total transaction of $96,120.00. Following the transaction, the insider now owns 40,313 shares in the company, valued at $1,209,390. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,342 shares of company stock worth $1,966,668. Company insiders own 0.07% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of SYF. Acadian Asset Management LLC grew its position in Synchrony Financial by 437.2% during the third quarter. Acadian Asset Management LLC now owns 13,359 shares of the financial services provider’s stock worth $415,000 after buying an additional 10,872 shares during the period. Robeco Institutional Asset Management B.V. grew its position in Synchrony Financial by 58.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 585,577 shares of the financial services provider’s stock worth $18,197,000 after buying an additional 216,820 shares during the period. Victory Capital Management Inc. grew its position in Synchrony Financial by 25.2% during the third quarter. Victory Capital Management Inc. now owns 110,548 shares of the financial services provider’s stock worth $3,436,000 after buying an additional 22,218 shares during the period. Private Advisor Group LLC grew its position in Synchrony Financial by 179.2% during the third quarter. Private Advisor Group LLC now owns 23,296 shares of the financial services provider’s stock worth $724,000 after buying an additional 14,953 shares during the period. Finally, Dupont Capital Management Corp grew its position in Synchrony Financial by 1,159.8% during the third quarter. Dupont Capital Management Corp now owns 89,951 shares of the financial services provider’s stock worth $2,796,000 after buying an additional 82,811 shares during the period. Institutional investors own 85.75% of the company’s stock.

Synchrony Financial Company Profile

Synchrony Financial operates as a consumer financial services company in the United States. The company offers private label credit cards, dual cards, general purpose co-branded credit cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans.

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Analyst Recommendations for Synchrony Financial (NYSE:SYF)

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