Synchrony Financial (NYSE:SYF) PT Raised to $65.00 at Jefferies Financial Group

Synchrony Financial (NYSE:SYF) had its target price lifted by stock analysts at Jefferies Financial Group from $60.00 to $65.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s target price points to a potential upside of 15.25% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on SYF. JPMorgan Chase & Co. increased their price objective on Synchrony Financial from $46.00 to $52.00 and gave the stock a “neutral” rating in a report on Monday, July 8th. Barclays boosted their price objective on shares of Synchrony Financial from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 18th. Compass Point raised their target price on shares of Synchrony Financial from $56.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price target on Synchrony Financial from $58.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Wells Fargo & Company increased their price objective on shares of Synchrony Financial from $49.00 to $53.00 and gave the company an “equal weight” rating in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Synchrony Financial currently has an average rating of “Moderate Buy” and an average price target of $54.55.

Synchrony Financial Trading Down 0.2 %

NYSE SYF traded down $0.12 during trading on Thursday, hitting $56.40. 506,460 shares of the company’s stock traded hands, compared to its average volume of 3,946,720. The stock has a fifty day moving average of $49.02 and a two-hundred day moving average of $46.43. 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 12-month low of $27.30 and a 12-month high of $56.98. The firm has a market cap of $22.29 billion, a P/E ratio of 7.82, a PEG ratio of 1.26 and a beta of 1.61.

Synchrony Financial (NYSE:SYF) last issued its earnings results on Wednesday, October 16th. The financial services provider reported $1.94 EPS for the quarter, topping the consensus estimate of $1.77 by $0.17. The company had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.76 billion. Synchrony Financial had a net margin of 13.52% and a return on equity of 16.06%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.48 earnings per share. As a group, sell-side analysts expect that Synchrony Financial will post 5.81 EPS for the current year.

Insider Activity at Synchrony Financial

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

Hedge Funds Weigh In On Synchrony Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its holdings in Synchrony Financial by 18.5% in the fourth quarter. Wellington Management Group LLP now owns 65,514 shares of the financial services provider’s stock valued at $2,502,000 after purchasing an additional 10,207 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in Synchrony Financial by 8.2% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 11,872 shares of the financial services provider’s stock valued at $453,000 after acquiring an additional 900 shares during the period. PNC Financial Services Group Inc. boosted its position in Synchrony Financial by 21.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 58,603 shares of the financial services provider’s stock worth $2,238,000 after purchasing an additional 10,242 shares in the last quarter. Los Angeles Capital Management LLC grew its stake in shares of Synchrony Financial by 62.1% during the 1st quarter. Los Angeles Capital Management LLC now owns 302,337 shares of the financial services provider’s stock worth $13,037,000 after purchasing an additional 115,790 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Synchrony Financial by 16.3% in the 1st quarter. GAMMA Investing LLC now owns 3,911 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 547 shares during the period. Hedge funds and other institutional investors 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.