Synchrony Financial (NYSE:SYF)‘s stock had its “hold” rating restated by investment analysts at Oppenheimer Holdings, Inc. in a report issued on Friday, October 20th.
Several other analysts also recently weighed in on the company. BidaskClub downgraded Synchrony Financial from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $39.00 target price on shares of Synchrony Financial in a research report on Thursday, October 12th. BMO Capital Markets reiterated a “buy” rating on shares of Synchrony Financial in a research report on Friday, July 21st. Jefferies Group LLC reiterated a “buy” rating and set a $40.00 target price on shares of Synchrony Financial in a research report on Thursday, September 21st. Finally, Wells Fargo & Company initiated coverage on Synchrony Financial in a research report on Tuesday, October 10th. They set a “market perform” rating and a $33.00 target price for the company. Twelve analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $36.63.
Shares of Synchrony Financial (NYSE SYF) traded up 0.21% on Friday, hitting $32.94. 4,059,277 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $30.78 and its 200 day moving average is $29.91. Synchrony Financial has a 12 month low of $26.01 and a 12 month high of $38.06. The firm has a market cap of $26.20 billion, a P/E ratio of 12.37 and a beta of 1.01.
Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Friday, October 20th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. The company had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.78 billion. Synchrony Financial had a return on equity of 14.84% and a net margin of 13.17%. During the same period last year, the company earned $0.73 earnings per share. On average, equities analysts predict that Synchrony Financial will post $2.61 earnings per share for the current year.
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In related news, insider Jonathan S. Mothner sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $33.50, for a total value of $33,500.00. Following the sale, the insider now owns 113,578 shares in the company, valued at $3,804,863. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.03% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Synchrony Financial by 1.9% in the second quarter. Vanguard Group Inc. now owns 52,233,692 shares of the financial services provider’s stock valued at $1,557,609,000 after buying an additional 956,331 shares during the last quarter. BlackRock Inc. boosted its position in Synchrony Financial by 2,275.1% in the first quarter. BlackRock Inc. now owns 48,272,035 shares of the financial services provider’s stock valued at $1,655,730,000 after buying an additional 46,239,640 shares during the last quarter. FMR LLC boosted its position in Synchrony Financial by 27.1% in the second quarter. FMR LLC now owns 36,964,054 shares of the financial services provider’s stock valued at $1,102,267,000 after buying an additional 7,874,689 shares during the last quarter. Berkshire Hathaway Inc. purchased a new stake in Synchrony Financial in the second quarter valued at approximately $520,747,000. Finally, First Eagle Investment Management LLC boosted its position in Synchrony Financial by 1.2% in the second quarter. First Eagle Investment Management LLC now owns 17,303,205 shares of the financial services provider’s stock valued at $515,982,000 after buying an additional 197,074 shares during the last quarter. Hedge funds and other institutional investors own 87.03% of the company’s stock.
Synchrony Financial Company Profile
Synchrony Financial is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.
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