Synchrony Financial (NYSE:SYF) Rating Lowered to Neutral at BTIG Research

Synchrony Financial (NYSE:SYF) was downgraded by research analysts at BTIG Research from a “buy” rating to a “neutral” rating in a research note issued to investors on Monday, Marketbeat.com reports.

SYF has been the topic of several other reports. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $62.00 price objective on shares of Synchrony Financial in a research note on Tuesday, June 11th. Bank of America raised Synchrony Financial from a “neutral” rating to a “buy” rating and set a $54.00 price objective on the stock in a research note on Friday, August 9th. The Goldman Sachs Group lifted their price target on Synchrony Financial from $49.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Morgan Stanley reissued an “underweight” rating and set a $30.00 price target on shares of Synchrony Financial in a research note on Wednesday, June 12th. Finally, JMP Securities lifted their price target on Synchrony Financial from $49.00 to $60.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Synchrony Financial currently has an average rating of “Moderate Buy” and a consensus price target of $50.41.

Synchrony Financial Stock Up 3.9 %

Shares of NYSE SYF opened at $49.19 on Monday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.23 and a current ratio of 1.23. Synchrony Financial has a 52 week low of $27.30 and a 52 week high of $52.67. The stock has a market capitalization of $19.75 billion, a P/E ratio of 7.06, a PEG ratio of 1.09 and a beta of 1.62. The stock’s fifty day moving average is $48.30 and its 200 day moving average is $45.17.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.20. The business had revenue of $5.58 billion for the quarter, compared to analyst estimates of $4.44 billion. Synchrony Financial had a return on equity of 16.06% and a net margin of 13.52%. During the same period last year, the firm posted $1.32 earnings per share. Sell-side analysts forecast that Synchrony Financial will post 5.79 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Synchrony Financial

Institutional investors have recently bought and sold shares of the stock. Headlands Technologies LLC purchased a new position in Synchrony Financial in the first quarter worth $28,000. Altshuler Shaham Ltd purchased a new position in Synchrony Financial in the second quarter worth $31,000. International Assets Investment Management LLC purchased a new position in Synchrony Financial in the second quarter worth $33,000. WR Wealth Planners LLC boosted its position in Synchrony Financial by 83.6% in the second quarter. WR Wealth Planners LLC now owns 716 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 326 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Synchrony Financial in the second quarter worth $39,000. 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.