Synchrony Financial (NYSE:SYF) Shares Gap Down to $33.21

Synchrony Financial (NYSE:SYF – Get Rating)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $33.21, but opened at $32.09. Synchrony Financial shares last traded at $31.52, with a volume of 36,554 shares changing hands.

Analyst Ratings Changes

SYF has been the subject of a number of analyst reports. UBS Group initiated coverage on Synchrony Financial in a report on Monday, November 21st. They issued a “neutral” rating and a $42.00 price target for the company. Wells Fargo & Company boosted their price target on Synchrony Financial from $32.00 to $37.00 and gave the company an “equal weight” rating in a report on Thursday, December 15th. JPMorgan Chase & Co. decreased their price target on Synchrony Financial from $39.00 to $36.00 in a report on Tuesday, January 10th. BMO Capital Markets boosted their price target on Synchrony Financial from $42.00 to $52.00 in a report on Wednesday, October 26th. Finally, The Goldman Sachs Group boosted their price objective on Synchrony Financial from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, October 26th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $38.93.

Synchrony Financial Price Performance

The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $15.95 billion, a PE ratio of 5.60, a PEG ratio of 0.97 and a beta of 1.61. The company has a 50-day moving average of $34.32 and a 200 day moving average of $33.29.

Synchrony Financial (NYSE:SYF – Get Rating) last issued its quarterly earnings results on Tuesday, October 25th. The financial services provider reported $1.47 EPS for the quarter, topping the consensus estimate of $1.42 by $0.05. Synchrony Financial had a return on equity of 25.56% and a net margin of 19.47%. The firm had revenue of $3.93 billion during the quarter, compared to analysts’ expectations of $3.84 billion. Sell-side analysts predict that Synchrony Financial will post 5.91 EPS for the current year.

Insider Buying and Selling

In other Synchrony Financial news, insider Carol Juel sold 31,303 shares of the company’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $40.00, for a total value of $1,252,120.00. Following the completion of the sale, the insider now directly owns 55,929 shares in the company, valued at approximately $2,237,160. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Synchrony Financial news, insider Margaret M. Keane sold 68,369 shares of the company’s stock in a transaction on Monday, November 28th. The stock was sold at an average price of $36.50, for a total value of $2,495,468.50. Following the completion of the sale, the insider now directly owns 762,786 shares in the company, valued at approximately $27,841,689. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Carol Juel sold 31,303 shares of the company’s stock in a transaction on Friday, November 11th. The shares were sold at an average price of $40.00, for a total value of $1,252,120.00. Following the completion of the sale, the insider now owns 55,929 shares of the company’s stock, valued at $2,237,160. The disclosure for this sale can be found here. 0.55% of the stock is owned by company insiders.

Hedge Funds Weigh In On Synchrony Financial

Large investors have recently modified their holdings of the business. Hexagon Capital Partners LLC lifted its stake in shares of Synchrony Financial by 231.5% in the 3rd quarter. Hexagon Capital Partners LLC now owns 948 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 662 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in shares of Synchrony Financial in the 2nd quarter valued at $28,000. Cowa LLC acquired a new position in shares of Synchrony Financial in the 3rd quarter valued at $28,000. Clear Street Markets LLC lifted its stake in shares of Synchrony Financial by 392.0% in the 2nd quarter. Clear Street Markets LLC now owns 1,048 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 835 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Synchrony Financial in the 2nd quarter valued at $31,000. Institutional investors and hedge funds own 95.97% of the company’s stock.

Synchrony Financial Company Profile

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Synchrony Financial engages in the provision of consumer financial services. It operates through three sales platforms: Retail Card, Payment Solutions, and CareCredit. The Retail Card platform is a provider of private label credit cards, and also provides Dual Cards and small-and medium-sized business credit products.