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

UBS Group assumed coverage on shares of Synchrony Financial (NYSE:SYFGet Rating) in a research report sent to investors on Monday, MarketBeat reports. The firm issued a neutral rating and a $42.00 price target on the financial services provider’s stock.

Several other research analysts also recently commented on SYF. JMP Securities reduced their target price on Synchrony Financial from $40.00 to $39.00 and set a market outperform rating for the company in a research note on Friday, October 7th. BMO Capital Markets lifted their price target on Synchrony Financial from $42.00 to $52.00 in a report on Wednesday, October 26th. Credit Suisse Group lifted their price target on Synchrony Financial from $38.00 to $39.00 and gave the stock an outperform rating in a report on Wednesday, October 26th. Morgan Stanley dropped their price target on Synchrony Financial from $32.00 to $31.00 and set an equal weight rating for the company in a report on Wednesday, October 5th. Finally, StockNews.com cut Synchrony Financial from a buy rating to a hold rating in a report on Thursday, October 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Synchrony Financial currently has a consensus rating of Hold and an average price target of $39.93.

Synchrony Financial Stock Performance

Shares of NYSE SYF opened at $36.84 on Monday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.17. Synchrony Financial has a 12 month low of $27.22 and a 12 month high of $50.30. The stock has a 50 day moving average of $33.20 and a 200-day moving average of $32.87. The company has a market capitalization of $16.60 billion, a P/E ratio of 5.83, a P/E/G ratio of 0.89 and a beta of 1.61.

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

Synchrony Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Tuesday, November 1st were issued a $0.23 dividend. The ex-dividend date was Monday, October 31st. This represents a $0.92 annualized dividend and a yield of 2.50%. Synchrony Financial’s dividend payout ratio is presently 14.56%.

Insider Buying and Selling at Synchrony Financial

In other Synchrony Financial news, insider Carol Juel sold 31,303 shares of Synchrony Financial stock in a transaction on Friday, November 11th. The stock was sold at an average price of $40.00, for a total value of $1,252,120.00. Following the completion of the transaction, the insider now directly owns 55,929 shares of the company’s stock, valued at approximately $2,237,160. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On Synchrony Financial

A number of institutional investors have recently modified their holdings of SYF. SG Americas Securities LLC raised its holdings in shares of Synchrony Financial by 9.2% during the 1st quarter. SG Americas Securities LLC now owns 14,664 shares of the financial services provider’s stock worth $510,000 after buying an additional 1,240 shares in the last quarter. National Asset Management Inc. raised its holdings in shares of Synchrony Financial by 40.2% during the 1st quarter. National Asset Management Inc. now owns 17,959 shares of the financial services provider’s stock worth $626,000 after buying an additional 5,147 shares in the last quarter. Metis Global Partners LLC raised its holdings in shares of Synchrony Financial by 32.1% during the 1st quarter. Metis Global Partners LLC now owns 15,909 shares of the financial services provider’s stock worth $554,000 after buying an additional 3,866 shares in the last quarter. Sandy Spring Bank raised its holdings in shares of Synchrony Financial by 26.1% during the 1st quarter. Sandy Spring Bank now owns 1,450 shares of the financial services provider’s stock worth $50,000 after buying an additional 300 shares in the last quarter. Finally, Banque Pictet & Cie SA grew its position in Synchrony Financial by 29.1% during the 1st quarter. Banque Pictet & Cie SA now owns 64,285 shares of the financial services provider’s stock worth $2,238,000 after acquiring an additional 14,497 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

About Synchrony Financial

(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.

See Also

Analyst Recommendations for Synchrony Financial (NYSE:SYF)

Receive News & Ratings for Synchrony Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synchrony Financial and related companies with MarketBeat.com's FREE daily email newsletter.