Synchrony Financial (NYSE:SYF) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Synchrony Financial (NYSE:SYFGet Free Report) have been given a consensus rating of “Hold” by the twenty analysts that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $43.74.

A number of analysts have commented on SYF shares. Bank of America raised their price objective on Synchrony Financial from $43.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Wells Fargo & Company lifted their price target on shares of Synchrony Financial from $38.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 10th. Piper Sandler increased their price objective on shares of Synchrony Financial from $46.00 to $48.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Evercore ISI lifted their target price on shares of Synchrony Financial from $45.00 to $47.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Finally, Oppenheimer reissued a “market perform” rating on shares of Synchrony Financial in a research report on Wednesday, March 6th.

Check Out Our Latest Analysis on SYF

Synchrony Financial Trading Up 2.9 %

NYSE:SYF opened at $45.24 on Friday. Synchrony Financial has a 1 year low of $26.59 and a 1 year high of $45.46. The business has a fifty day moving average of $42.04 and a 200-day moving average of $37.28. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.23 and a current ratio of 1.24. The stock has a market cap of $18.17 billion, a price-to-earnings ratio of 6.49, a PEG ratio of 1.08 and a beta of 1.58.

Synchrony Financial (NYSE:SYFGet Free Report) last released its earnings results on Wednesday, April 24th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.19). Synchrony Financial had a net margin of 13.49% and a return on equity of 16.01%. The business had revenue of $5.57 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter in the previous year, the company earned $1.35 EPS. Equities analysts predict that Synchrony Financial will post 5.62 earnings per share for the current year.

Synchrony Financial declared that its board has approved a share buyback plan on Wednesday, April 24th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire up to 5.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Synchrony Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Monday, May 6th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Friday, May 3rd. Synchrony Financial’s payout ratio is 14.35%.

Insider Buying and Selling at Synchrony Financial

In other Synchrony Financial news, insider Curtis Howse sold 6,179 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $42.82, for a total transaction of $264,584.78. Following the transaction, the insider now directly owns 152,604 shares in the company, valued at $6,534,503.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Synchrony Financial news, insider Brian D. Doubles sold 134,696 shares of Synchrony Financial stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $41.26, for a total transaction of $5,557,556.96. Following the completion of the sale, the insider now directly owns 660,353 shares of the company’s stock, valued at approximately $27,246,164.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Curtis Howse sold 6,179 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $42.82, for a total transaction of $264,584.78. Following the sale, the insider now directly owns 152,604 shares in the company, valued at approximately $6,534,503.28. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SYF. Fifth Third Bancorp grew its holdings in Synchrony Financial by 0.7% during the first quarter. Fifth Third Bancorp now owns 38,247 shares of the financial services provider’s stock valued at $1,649,000 after purchasing an additional 250 shares during the last quarter. Gulf International Bank UK Ltd boosted its holdings in shares of Synchrony Financial by 0.7% during the 1st quarter. Gulf International Bank UK Ltd now owns 35,223 shares of the financial services provider’s stock worth $1,518,000 after buying an additional 262 shares during the period. Mutual of America Capital Management LLC grew its stake in Synchrony Financial by 0.3% in the 1st quarter. Mutual of America Capital Management LLC now owns 90,343 shares of the financial services provider’s stock valued at $3,896,000 after buying an additional 265 shares during the last quarter. US Bancorp DE grew its stake in Synchrony Financial by 0.8% in the 4th quarter. US Bancorp DE now owns 34,804 shares of the financial services provider’s stock valued at $1,329,000 after buying an additional 268 shares during the last quarter. Finally, MV Capital Management Inc. raised its holdings in Synchrony Financial by 8.3% in the 1st quarter. MV Capital Management Inc. now owns 3,509 shares of the financial services provider’s stock worth $151,000 after acquiring an additional 270 shares during the period. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Synchrony Financial Company Profile

(Get Free Report

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.

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Analyst Recommendations for Synchrony Financial (NYSE:SYF)

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