Synchrony Financial (NYSE:SYF) Rating Reiterated by JMP Securities

Synchrony Financial (NYSE:SYF)‘s stock had its “market outperform” rating reissued by analysts at JMP Securities in a research report issued on Monday, Benzinga reports. They presently have a $60.00 price target on the financial services provider’s stock. JMP Securities’ price target would suggest a potential upside of 12.59% from the stock’s previous close.

Several other research firms have also weighed in on SYF. Compass Point started coverage on Synchrony Financial in a report on Tuesday, July 16th. They issued a “buy” rating and a $56.00 target price for the company. Evercore ISI reduced their target price on Synchrony Financial from $59.00 to $58.00 and set an “outperform” rating for the company in a report on Monday, October 7th. BTIG Research lowered Synchrony Financial from a “buy” rating to a “neutral” rating in a report on Monday, September 16th. Jefferies Financial Group boosted their target price on Synchrony Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Finally, BMO Capital Markets reduced their target price on Synchrony Financial from $42.00 to $41.00 and set a “market perform” rating for the company in a report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Synchrony Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.40.

Synchrony Financial Stock Down 0.7 %

Shares of Synchrony Financial stock opened at $53.29 on Monday. The firm has a market cap of $21.06 billion, a price-to-earnings ratio of 7.40, a P/E/G ratio of 1.21 and a beta of 1.61. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.23 and a quick ratio of 1.23. Synchrony Financial has a 52-week low of $27.30 and a 52-week high of $54.79. The stock has a 50-day simple moving average of $48.77 and a 200-day simple moving average of $46.36.

Synchrony Financial (NYSE:SYF) last posted its earnings results on Wednesday, July 17th. The financial services provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.20. Synchrony Financial had a return on equity of 16.06% and a net margin of 13.52%. The firm had revenue of $5.58 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same period in the previous year, the company earned $1.32 EPS. On average, equities research analysts expect that Synchrony Financial will post 5.81 earnings per share for the current fiscal year.

Insider Activity

In other Synchrony Financial news, insider Brian J. Sr. Wenzel sold 74,698 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $46.73, for a total value of $3,490,637.54. Following the sale, the insider now directly owns 76,251 shares in the company, valued at $3,563,209.23. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Synchrony Financial news, insider Brian J. Sr. Wenzel sold 74,698 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $46.73, for a total value of $3,490,637.54. Following the sale, the insider now directly owns 76,251 shares in the company, valued at $3,563,209.23. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Bart Schaller sold 930 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $50.84, for a total value of $47,281.20. Following the completion of the sale, the insider now owns 49,390 shares in the company, valued at $2,510,987.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by company insiders.

Institutional Trading of Synchrony Financial

Large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its holdings in shares of Synchrony Financial by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 6,686,486 shares of the financial services provider’s stock worth $315,381,000 after purchasing an additional 313,128 shares during the last quarter. Boston Partners grew its holdings in shares of Synchrony Financial by 66.6% during the first quarter. Boston Partners now owns 6,374,260 shares of the financial services provider’s stock worth $274,892,000 after purchasing an additional 2,548,180 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Synchrony Financial by 14.6% during the second quarter. AQR Capital Management LLC now owns 5,726,704 shares of the financial services provider’s stock worth $264,917,000 after purchasing an additional 727,649 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Synchrony Financial by 2.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 3,496,009 shares of the financial services provider’s stock worth $150,748,000 after purchasing an additional 97,235 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of Synchrony Financial by 18.7% during the second quarter. Hsbc Holdings PLC now owns 3,131,599 shares of the financial services provider’s stock worth $147,599,000 after purchasing an additional 492,312 shares during the last quarter. 96.48% of the stock is currently owned by institutional investors.

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.