Synchrony Financial (NYSE:SYF) Price Target Raised to $45.00 at Citigroup

Synchrony Financial (NYSE:SYFGet Rating) had its target price hoisted by Citigroup from $44.00 to $45.00 in a report published on Tuesday morning, The Fly reports. The brokerage currently has a buy rating on the financial services provider’s stock.

SYF has been the subject of several other research reports. BMO Capital Markets upped their price target on Synchrony Financial from $42.00 to $52.00 in a report on Wednesday, October 26th. TheStreet raised Synchrony Financial from a c+ rating to a b- rating in a report on Tuesday, November 1st. UBS Group started coverage on Synchrony Financial in a report on Monday, November 21st. They issued a neutral rating and a $42.00 target price for the company. Wells Fargo & Company increased their target price on Synchrony Financial from $32.00 to $37.00 and gave the stock an equal weight rating in a report on Thursday, December 15th. Finally, The Goldman Sachs Group increased their target price on Synchrony Financial from $35.00 to $40.00 and gave the stock a buy rating in a report on Wednesday, October 26th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $39.27.

Synchrony Financial Trading Up 2.3 %

Synchrony Financial stock opened at $35.37 on Tuesday. The business has a 50 day moving average price of $34.25 and a two-hundred day moving average price of $33.43. 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 stock has a market cap of $15.94 billion, a price-to-earnings ratio of 5.60, a price-to-earnings-growth ratio of 1.01 and a beta of 1.61. Synchrony Financial has a 12 month low of $27.22 and a 12 month high of $47.05.

Synchrony Financial (NYSE:SYFGet Rating) last posted its quarterly earnings results on Monday, January 23rd. The financial services provider reported $1.26 EPS for the quarter, beating the consensus estimate of $1.12 by $0.14. The firm had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.04 billion. Synchrony Financial had a return on equity of 25.56% and a net margin of 19.47%. During the same quarter in the prior year, the firm posted $1.48 EPS. As a group, equities analysts forecast that Synchrony Financial will post 5.95 EPS for the current year.

Insider Buying and Selling at Synchrony Financial

In other Synchrony Financial news, insider Margaret M. Keane sold 68,369 shares of the stock in a transaction on Monday, November 28th. The stock was sold at an average price of $36.50, for a total value of $2,495,468.50. Following the transaction, the insider now directly owns 762,786 shares in the company, valued at approximately $27,841,689. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Synchrony Financial news, insider Carol Juel sold 31,303 shares of the 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 directly owns 55,929 shares in the company, valued at approximately $2,237,160. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Margaret M. Keane sold 68,369 shares of the stock in a transaction on Monday, November 28th. The shares were sold at an average price of $36.50, for a total value of $2,495,468.50. Following the completion of the transaction, the insider now owns 762,786 shares in the company, valued at $27,841,689. The disclosure for this sale can be found here. Corporate insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SYF. Hexagon Capital Partners LLC boosted its position in Synchrony Financial by 231.5% in the 3rd quarter. Hexagon Capital Partners LLC now owns 948 shares of the financial services provider’s stock valued at $27,000 after buying an additional 662 shares during the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of Synchrony Financial in the 2nd quarter worth $28,000. Cowa LLC bought a new position in shares of Synchrony Financial in the 3rd quarter worth $28,000. Clear Street Markets LLC boosted its position in shares of Synchrony Financial by 392.0% in the 2nd quarter. Clear Street Markets LLC now owns 1,048 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 835 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Synchrony Financial in the 2nd quarter worth $31,000. 95.97% of the stock is currently owned by institutional investors.

About Synchrony Financial

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Synchrony Financial engages in the provision of consumer financial services. It operates through three sales platforms: Retail Card, Payment Solutions, and CareCredit. The Retail Card platform is a provider of private label credit cards, and also provides Dual Cards and small-and medium-sized business credit products.

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