Synchrony Financial (NYSE:SYF) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Synchrony Financial (NYSE:SYF) have earned a consensus rating of “Moderate Buy” from the twenty analysts that are presently covering the firm, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $74.0526.

A number of brokerages have recently weighed in on SYF. JPMorgan Chase & Co. increased their price objective on Synchrony Financial from $52.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Truist Financial increased their price target on Synchrony Financial from $68.00 to $76.00 and gave the stock a “hold” rating in a research report on Thursday, July 24th. Barclays reduced their target price on Synchrony Financial from $81.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. Wells Fargo & Company increased their price target on Synchrony Financial from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Finally, Morgan Stanley raised their target price on Synchrony Financial from $48.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 10th.

Insider Activity at Synchrony Financial

In related news, insider Darrell Owens sold 600 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $67.95, for a total value of $40,770.00. Following the transaction, the insider directly owned 21,372 shares of the company’s stock, valued at approximately $1,452,227.40. This trade represents a 2.73% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Curtis Howse sold 11,380 shares of the firm’s stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $65.00, for a total value of $739,700.00. Following the sale, the insider owned 108,062 shares of the company’s stock, valued at $7,024,030. This represents a 9.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,494 shares of company stock worth $1,376,450 in the last quarter. Company insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On Synchrony Financial

Hedge funds have recently made changes to their positions in the business. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna acquired a new position in Synchrony Financial in the second quarter worth approximately $26,000. Zions Bancorporation National Association UT acquired a new stake in shares of Synchrony Financial during the 1st quarter valued at $30,000. True Wealth Design LLC boosted its stake in shares of Synchrony Financial by 5,787.5% during the 2nd quarter. True Wealth Design LLC now owns 471 shares of the financial services provider’s stock valued at $31,000 after buying an additional 463 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Synchrony Financial by 337.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider’s stock valued at $31,000 after buying an additional 455 shares during the period. Finally, MAI Capital Management boosted its stake in shares of Synchrony Financial by 36.3% during the 1st quarter. MAI Capital Management now owns 627 shares of the financial services provider’s stock valued at $33,000 after buying an additional 167 shares during the period. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial Stock Up 0.0%

Shares of SYF opened at $71.6010 on Thursday. The business’s 50 day moving average is $68.55 and its 200 day moving average is $60.37. The company has a market capitalization of $26.64 billion, a PE ratio of 8.69, a price-to-earnings-growth ratio of 0.73 and a beta of 1.49. Synchrony Financial has a 12-month low of $40.54 and a 12-month high of $73.76. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.02.

Synchrony Financial (NYSE:SYF) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.78. Synchrony Financial had a return on equity of 21.34% and a net margin of 14.43%.The firm had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter in the previous year, the business earned $1.55 EPS. The company’s quarterly revenue was down 1.8% on a year-over-year basis. Synchrony Financial has set its FY 2025 guidance at EPS. Research analysts expect that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, August 5th. Synchrony Financial’s payout ratio is presently 14.56%.

About Synchrony Financial

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.