Weekly Investment Analysts’ Ratings Changes for Synchrony Financial (SYF)

Synchrony Financial (NYSE: SYF) recently received a number of ratings updates from brokerages and research firms:

• 4/17/2024 – Synchrony Financial was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 4/10/2024 – Synchrony Financial had its price target raised by analysts at Wells Fargo & Company from $38.00 to $45.00. They now have an “equal weight” rating on the stock.
• 4/9/2024 – Synchrony Financial had its price target raised by analysts at Barclays PLC from $36.00 to $37.00. They now have an “equal weight” rating on the stock.
• 4/4/2024 – Synchrony Financial was upgraded by analysts at Wolfe Research from an “underperform” rating to an “outperform” rating. They now have a $50.00 price target on the stock, up previously from $36.00.
• 4/3/2024 – Synchrony Financial had its price target raised by analysts at JPMorgan Chase & Co. from $39.00 to $42.00. They now have a “neutral” rating on the stock.
• 3/28/2024 – Synchrony Financial had its price target raised by analysts at Evercore ISI from $45.00 to $47.00. They now have an “outperform” rating on the stock.
• 3/6/2024 – Synchrony Financial had its price target raised by analysts at Bank of America Co. from $41.00 to $43.00. They now have a “neutral” rating on the stock.
• 3/6/2024 – Synchrony Financial had its “market perform” rating reaffirmed by analysts at Oppenheimer Holdings Inc..

Synchrony Financial Price Performance

Synchrony Financial stock opened at $42.15 on Tuesday. The company’s fifty day moving average price is $41.27 and its 200 day moving average price is $36.55. Synchrony Financial has a 1 year low of $26.59 and a 1 year high of $43.83. The stock has a market capitalization of $17.15 billion, a P/E ratio of 8.14, a P/E/G ratio of 1.03 and a beta of 1.61. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.22 and a current ratio of 1.22.

Synchrony Financial (NYSE:SYF) last announced its earnings results on Tuesday, January 23rd. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.10. Synchrony Financial had a net margin of 10.68% and a return on equity of 17.37%. The company had revenue of $5.55 billion for the quarter, compared to analysts’ expectations of $4.45 billion. During the same quarter in the previous year, the company posted $1.26 EPS. As a group, equities research analysts anticipate that Synchrony Financial will post 5.54 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 5th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, February 2nd. This represents a $1.00 annualized dividend and a yield of 2.37%. Synchrony Financial’s dividend payout ratio (DPR) is presently 19.31%.

Insiders Place Their Bets

In other Synchrony Financial news, insider David P. Melito sold 7,283 shares of Synchrony Financial stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $38.99, for a total transaction of $283,964.17. Following the sale, the insider now owns 14,183 shares of the company’s stock, valued at approximately $552,995.17. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Synchrony Financial news, insider David P. Melito sold 7,283 shares of Synchrony Financial stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $38.99, for a total transaction of $283,964.17. Following the sale, the insider now owns 14,183 shares of the company’s stock, valued at approximately $552,995.17. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brian D. Doubles sold 134,696 shares of Synchrony Financial stock in a transaction on 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 sale, the insider now directly owns 660,353 shares in the company, valued at approximately $27,246,164.78. The disclosure for this sale can be found here. Insiders have sold a total of 148,158 shares of company stock valued at $6,106,106 in the last 90 days. 0.65% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SYF. Exchange Traded Concepts LLC acquired a new position in shares of Synchrony Financial during the 3rd quarter valued at about $35,000. Massmutual Trust Co. FSB ADV boosted its position in shares of Synchrony Financial by 44.1% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,274 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 390 shares during the last quarter. Wetzel Investment Advisors Inc. acquired a new position in shares of Synchrony Financial during the 4th quarter valued at about $55,000. Brown Brothers Harriman & Co. boosted its position in shares of Synchrony Financial by 56.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,445 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 522 shares during the last quarter. Finally, Principal Securities Inc. acquired a new position in shares of Synchrony Financial during the 4th quarter valued at about $60,000. Institutional investors and hedge funds own 96.48% of the company’s stock.

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.