Synchrony Financial (NYSE:SYF) Receives $69.30 Average PT from Brokerages

Shares of Synchrony Financial (NYSE:SYF) have been assigned an average rating of “Moderate Buy” from the twenty-two research firms that are presently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $69.30.

A number of research analysts have issued reports on SYF shares. JPMorgan Chase & Co. upgraded Synchrony Financial from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $59.00 to $72.00 in a research report on Monday, December 9th. Wells Fargo & Company raised shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $60.00 to $85.00 in a report on Tuesday, December 3rd. Truist Financial raised their target price on shares of Synchrony Financial from $72.00 to $77.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. Keefe, Bruyette & Woods upped their price target on shares of Synchrony Financial from $62.00 to $82.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, Morgan Stanley upgraded shares of Synchrony Financial from an “underweight” rating to an “overweight” rating and increased their price objective for the company from $40.00 to $82.00 in a report on Thursday, December 19th.

Synchrony Financial Stock Performance

SYF stock opened at $57.98 on Thursday. The stock’s fifty day moving average is $65.81 and its two-hundred day moving average is $59.85. The stock has a market capitalization of $22.54 billion, a price-to-earnings ratio of 6.79, a PEG ratio of 0.71 and a beta of 1.63. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.24 and a current ratio of 1.24. Synchrony Financial has a 1 year low of $39.67 and a 1 year high of $70.93.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings results 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%. On average, research analysts predict that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.72%. Synchrony Financial’s dividend payout ratio (DPR) is 11.71%.

Institutional Trading of Synchrony Financial

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bogart Wealth LLC purchased a new position in shares of Synchrony Financial in the fourth quarter worth approximately $26,000. TCTC Holdings LLC acquired a new position in Synchrony Financial in the 4th quarter worth approximately $27,000. Y.D. More Investments Ltd grew its position in Synchrony Financial by 111.5% during the 4th quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 253 shares in the last quarter. Accredited Wealth Management LLC acquired a new stake in Synchrony Financial during the 4th quarter valued at $38,000. Finally, Larson Financial Group LLC raised its stake in Synchrony Financial by 92.7% during the 3rd quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 292 shares during the period. Institutional investors and hedge funds own 96.48% of the company’s stock.

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.