Synchrony Financial (NYSE:SYF) Trading Up 5.8%

Synchrony Financial (NYSE:SYFGet Rating) shares were up 5.8% during mid-day trading on Friday . The company traded as high as $34.48 and last traded at $34.48. Approximately 230,626 shares were traded during trading, a decline of 96% from the average daily volume of 6,572,746 shares. The stock had previously closed at $32.58.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. UBS Group assumed coverage on shares of Synchrony Financial in a research report on Monday, November 21st. They set a “neutral” rating and a $42.00 price target for the company. Morgan Stanley downgraded shares of Synchrony Financial from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $31.00 to $29.00 in a report on Thursday, December 1st. Barclays downgraded shares of Synchrony Financial from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $41.00 to $38.00 in a report on Friday, January 6th. Bank of America downgraded shares of Synchrony Financial from a “buy” rating to a “neutral” rating in a report on Tuesday, December 13th. Finally, The Goldman Sachs Group lifted their price objective on shares of Synchrony Financial from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, October 26th. Two 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 stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $38.93.

Synchrony Financial Trading Up 8.7 %

The business’s 50 day moving average is $34.32 and its two-hundred day moving average is $33.32. 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 firm has a market capitalization of $15.95 billion, a P/E ratio of 5.60, a PEG ratio of 0.97 and a beta of 1.61.

Synchrony Financial (NYSE:SYFGet 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 net margin of 19.47% and a return on equity of 25.56%. The firm had revenue of $3.93 billion for the quarter, compared to analysts’ expectations of $3.84 billion. Analysts expect that Synchrony Financial will post 5.91 EPS for the current year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Synchrony Financial

Institutional investors have recently modified their holdings of the stock. MidWestOne Financial Group Inc. raised its holdings in shares of Synchrony Financial by 0.9% during the 2nd quarter. MidWestOne Financial Group Inc. now owns 33,260 shares of the financial services provider’s stock valued at $918,000 after purchasing an additional 302 shares in the last quarter. Brighton Jones LLC raised its holdings in shares of Synchrony Financial by 1.3% during the 2nd quarter. Brighton Jones LLC now owns 23,920 shares of the financial services provider’s stock valued at $661,000 after purchasing an additional 314 shares in the last quarter. OLD National Bancorp IN raised its holdings in shares of Synchrony Financial by 4.0% during the 3rd quarter. OLD National Bancorp IN now owns 8,724 shares of the financial services provider’s stock valued at $246,000 after purchasing an additional 332 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Synchrony Financial by 2.3% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,310 shares of the financial services provider’s stock valued at $423,000 after purchasing an additional 351 shares in the last quarter. Finally, Veriti Management LLC raised its holdings in shares of Synchrony Financial by 3.9% during the 2nd quarter. Veriti Management LLC now owns 9,535 shares of the financial services provider’s stock valued at $263,000 after purchasing an additional 356 shares in the last quarter. Institutional investors and hedge funds own 95.97% of the company’s stock.

Synchrony Financial Company Profile

(Get Rating)

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.

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