Synchrony Financial (NYSE:SYF) Receives New Coverage from Analysts at UBS Group

UBS Group began coverage on shares of Synchrony Financial (NYSE:SYFGet Rating) in a research note released on Monday, MarketBeat.com reports. The firm issued a neutral rating and a $42.00 price objective on the financial services provider’s stock.

SYF has been the topic of several other research reports. The Goldman Sachs Group raised their price target on Synchrony Financial from $35.00 to $40.00 and gave the company a buy rating in a report on Wednesday, October 26th. Piper Sandler cut their target price on Synchrony Financial from $41.00 to $40.00 and set an overweight rating on the stock in a research note on Monday, September 26th. StockNews.com lowered Synchrony Financial from a buy rating to a hold rating in a research note on Thursday, October 20th. Credit Suisse Group increased their target price on Synchrony Financial from $38.00 to $39.00 and gave the company an outperform rating in a research note on Wednesday, October 26th. Finally, Citigroup increased their target price on Synchrony Financial from $42.00 to $44.00 and gave the company a buy rating in a research note on Wednesday, October 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Synchrony Financial presently has an average rating of Hold and an average price target of $39.93.

Synchrony Financial Price Performance

Synchrony Financial stock opened at $36.84 on Monday. The business’s 50-day simple moving average is $33.20 and its 200 day simple moving average is $32.87. The stock has a market cap of $16.60 billion, a price-to-earnings ratio of 5.83, a P/E/G ratio of 0.89 and a beta of 1.61. Synchrony Financial has a 12-month low of $27.22 and a 12-month high of $50.30. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.17.

Synchrony Financial (NYSE:SYFGet Rating) last posted its quarterly earnings results on Tuesday, October 25th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.05. The business had revenue of $3.93 billion for the quarter, compared to analysts’ expectations of $3.84 billion. Synchrony Financial had a return on equity of 25.56% and a net margin of 19.47%. As a group, research analysts anticipate that Synchrony Financial will post 5.91 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Tuesday, November 1st were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date was Monday, October 31st. Synchrony Financial’s dividend payout ratio is currently 14.56%.

Insider Transactions at Synchrony Financial

In other news, insider Carol Juel sold 31,303 shares of the firm’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $40.00, for a total transaction of $1,252,120.00. Following the sale, the insider now owns 55,929 shares of the company’s stock, valued at $2,237,160. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.55% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SYF. Hexagon Capital Partners LLC grew its holdings in shares of Synchrony Financial by 231.5% during the third quarter. Hexagon Capital Partners LLC now owns 948 shares of the financial services provider’s stock worth $27,000 after buying an additional 662 shares in the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of Synchrony Financial during the second quarter worth about $28,000. Cowa LLC bought a new position in shares of Synchrony Financial during the third quarter worth about $28,000. Clear Street Markets LLC grew its holdings in shares of Synchrony Financial by 392.0% during the second quarter. Clear Street Markets LLC now owns 1,048 shares of the financial services provider’s stock worth $29,000 after buying an additional 835 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Synchrony Financial during the second quarter worth about $31,000. 94.12% of the stock is currently owned by institutional investors.

Synchrony Financial Company Profile

(Get Rating)

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 cards, 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 to retail and commercial customers, 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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