Synchrony Financial (NYSE:SYF) Coverage Initiated by Analysts at UBS Group

UBS Group began coverage on shares of Synchrony Financial (NYSE:SYFGet Rating) in a research note issued to investors on Monday, The Fly reports. The firm issued a neutral rating and a $42.00 price target on the financial services provider’s stock.

Several other equities analysts also recently issued reports on SYF. The Goldman Sachs Group boosted their price objective on Synchrony Financial from $35.00 to $40.00 and gave the stock a buy rating in a research report on Wednesday, October 26th. Piper Sandler reduced their price objective on Synchrony Financial from $41.00 to $40.00 and set an overweight rating for the company in a research report on Monday, September 26th. BMO Capital Markets boosted their price objective on Synchrony Financial from $42.00 to $52.00 in a research report on Wednesday, October 26th. Citigroup boosted their price objective on Synchrony Financial from $42.00 to $44.00 and gave the stock a buy rating in a research report on Wednesday, October 26th. Finally, StockNews.com downgraded Synchrony Financial from a buy rating to a hold rating in a research report on Thursday, October 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $39.93.

Synchrony Financial Stock Performance

Shares of SYF stock opened at $36.30 on Monday. 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 business has a 50 day moving average of $33.00 and a two-hundred day moving average of $32.86. Synchrony Financial has a 52 week low of $27.22 and a 52 week high of $50.30. The company has a market cap of $16.35 billion, a P/E ratio of 5.74, a PEG ratio of 0.87 and a beta of 1.61.

Synchrony Financial (NYSE:SYFGet Rating) last issued its earnings results on Tuesday, October 25th. The financial services provider reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.05. Synchrony Financial had a return on equity of 25.56% and a net margin of 19.47%. The company had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.84 billion. As a group, analysts anticipate that Synchrony Financial will post 5.91 EPS for the current year.

Synchrony Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Tuesday, November 1st were issued a $0.23 dividend. The ex-dividend date of this dividend was Monday, October 31st. This represents a $0.92 annualized dividend and a dividend yield of 2.53%. Synchrony Financial’s dividend payout ratio is currently 14.56%.

Insider Buying and Selling at Synchrony Financial

In other Synchrony Financial news, insider Carol Juel sold 31,303 shares of the company’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $40.00, for a total value of $1,252,120.00. Following the transaction, the insider now owns 55,929 shares of the company’s stock, valued at $2,237,160. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.55% of the stock is owned by corporate insiders.

Institutional Trading of Synchrony Financial

Several large investors have recently added to or reduced their stakes in SYF. Hexagon Capital Partners LLC raised its stake in Synchrony Financial by 231.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 948 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 662 shares during the period. SeaCrest Wealth Management LLC acquired a new stake in Synchrony Financial during the 2nd quarter valued at $28,000. Cowa LLC acquired a new stake in Synchrony Financial during the 3rd quarter valued at $28,000. Clear Street Markets LLC raised its stake in Synchrony Financial by 392.0% during the 2nd quarter. Clear Street Markets LLC now owns 1,048 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 835 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Synchrony Financial during the 2nd quarter valued at $31,000. 94.12% of the stock is owned by institutional investors and hedge funds.

About Synchrony Financial

(Get Rating)

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 cards, 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 to retail and commercial customers, as well as accepts deposits through third-party securities brokerage firms.

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Analyst Recommendations for Synchrony Financial (NYSE:SYF)

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