Synchrony Financial (NYSE:SYF) Receives Average Rating of “Moderate Buy” from Brokerages

Synchrony Financial (NYSE:SYF) has been given an average rating of “Moderate Buy” by the twenty research firms that are currently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $65.11.

Several equities analysts have recently commented on the company. Truist Financial cut their price target on Synchrony Financial from $77.00 to $65.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. JPMorgan Chase & Co. dropped their price objective on shares of Synchrony Financial from $76.00 to $50.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company reduced their price objective on shares of Synchrony Financial from $85.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, April 3rd. Bank of America lifted their price target on Synchrony Financial from $82.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $44.00 price objective (down previously from $82.00) on shares of Synchrony Financial in a research report on Monday, April 7th.

Institutional Trading of Synchrony Financial

Several hedge funds and other institutional investors have recently bought and sold shares of SYF. MML Investors Services LLC raised its position in shares of Synchrony Financial by 9.5% during the 3rd quarter. MML Investors Services LLC now owns 27,582 shares of the financial services provider’s stock worth $1,376,000 after buying an additional 2,396 shares in the last quarter. Pine Valley Investments Ltd Liability Co raised its holdings in Synchrony Financial by 7.4% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 57,961 shares of the financial services provider’s stock worth $2,891,000 after purchasing an additional 3,984 shares in the last quarter. World Investment Advisors LLC acquired a new stake in Synchrony Financial in the third quarter worth approximately $205,000. Wilmington Savings Fund Society FSB bought a new position in Synchrony Financial during the 3rd quarter valued at $217,000. Finally, Tidal Investments LLC increased its position in shares of Synchrony Financial by 88.3% during the 3rd quarter. Tidal Investments LLC now owns 66,361 shares of the financial services provider’s stock valued at $3,310,000 after purchasing an additional 31,124 shares during the period. 96.48% of the stock is owned by institutional investors.

Synchrony Financial Stock Up 2.4 %

NYSE SYF opened at $47.86 on Friday. Synchrony Financial has a 12 month low of $39.85 and a 12 month high of $70.93. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.01. The stock has a market cap of $18.61 billion, a PE ratio of 5.60, a P/E/G ratio of 0.71 and a beta of 1.45. The stock’s 50 day moving average is $54.60 and its 200 day moving average is $60.27.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.02. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. Research analysts predict that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial’s payout ratio is currently 11.71%.

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.