Synchrony Financial (NYSE:SYF) Rating Reiterated by JMP Securities

Synchrony Financial (NYSE:SYF)‘s stock had its “market outperform” rating reissued by JMP Securities in a note issued to investors on Monday, Benzinga reports. They presently have a $60.00 price objective on the financial services provider’s stock. JMP Securities’ target price would indicate a potential upside of 12.59% from the stock’s current price.

Several other equities research analysts have also issued reports on the company. Royal Bank of Canada upped their price target on Synchrony Financial from $50.00 to $55.00 and gave the company a “sector perform” rating in a research report on Thursday, July 18th. Baird R W raised Synchrony Financial to a “strong-buy” rating in a research report on Friday, June 28th. Evercore ISI dropped their price target on Synchrony Financial from $59.00 to $58.00 and set an “outperform” rating on the stock in a research report on Monday, October 7th. BMO Capital Markets dropped their target price on Synchrony Financial from $42.00 to $41.00 and set a “market perform” rating on the stock in a research report on Thursday, July 18th. Finally, BTIG Research lowered Synchrony Financial from a “buy” rating to a “neutral” rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Synchrony Financial has an average rating of “Moderate Buy” and a consensus target price of $52.40.

Synchrony Financial Stock Performance

Synchrony Financial stock opened at $53.29 on Monday. The stock has a market cap of $21.06 billion, a P/E ratio of 7.40, a price-to-earnings-growth ratio of 1.21 and a beta of 1.61. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.09. The stock has a 50 day moving average of $48.77 and a 200-day moving average of $46.36. Synchrony Financial has a 52 week low of $27.30 and a 52 week high of $54.79.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $1.55 earnings per share (EPS) 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 in the prior year, the company posted $1.32 EPS. On average, analysts expect that Synchrony Financial will post 5.81 EPS for the current fiscal year.

Insiders Place Their Bets

In other Synchrony Financial news, insider Bart Schaller sold 930 shares of the business’s stock in a transaction dated 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 directly owns 49,390 shares in the company, valued at approximately $2,510,987.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Brian J. Sr. Wenzel sold 74,698 shares of Synchrony Financial stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $46.73, for a total value of $3,490,637.54. Following the transaction, the insider now owns 76,251 shares of the company’s stock, valued at approximately $3,563,209.23. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bart Schaller sold 930 shares of Synchrony Financial stock in a transaction dated 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 transaction, the insider now directly owns 49,390 shares in the company, valued at $2,510,987.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is owned by company insiders.

Hedge Funds Weigh In On Synchrony Financial

Several institutional investors and hedge funds have recently bought and sold shares of the business. Quent Capital LLC grew its stake in Synchrony Financial by 15.4% during the 1st quarter. Quent Capital LLC now owns 1,604 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 214 shares in the last quarter. Wedmont Private Capital grew its stake in Synchrony Financial by 3.3% during the 3rd quarter. Wedmont Private Capital now owns 7,508 shares of the financial services provider’s stock valued at $387,000 after acquiring an additional 242 shares in the last quarter. 1832 Asset Management L.P. grew its stake in Synchrony Financial by 0.5% during the 2nd quarter. 1832 Asset Management L.P. now owns 52,242 shares of the financial services provider’s stock valued at $2,465,000 after acquiring an additional 251 shares in the last quarter. Gulf International Bank UK Ltd grew its stake in Synchrony Financial by 0.7% during the 1st quarter. Gulf International Bank UK Ltd now owns 35,223 shares of the financial services provider’s stock valued at $1,518,000 after acquiring an additional 262 shares in the last quarter. Finally, Certuity LLC grew its stake in Synchrony Financial by 0.8% during the 2nd quarter. Certuity LLC now owns 31,326 shares of the financial services provider’s stock valued at $1,478,000 after acquiring an additional 264 shares in the last quarter. Hedge funds and other 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.