Synchrony Financial (NYSE:SYF – Get Free Report) was downgraded by equities researchers at Compass Point from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, Marketbeat reports. They presently have a $70.00 target price on the financial services provider’s stock. Compass Point’s price target would suggest a potential upside of 1.80% from the stock’s previous close.
A number of other equities research analysts also recently commented on SYF. JPMorgan Chase & Co. upgraded Synchrony Financial from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $59.00 to $72.00 in a research report on Monday, December 9th. Evercore ISI upped their price objective on Synchrony Financial from $58.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Bank of America raised their target price on shares of Synchrony Financial from $82.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday. Robert W. Baird set a $62.00 price target on shares of Synchrony Financial in a research note on Thursday, October 17th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Synchrony Financial from $58.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Seven investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $69.05.
View Our Latest Stock Analysis on Synchrony Financial
Synchrony Financial Stock Up 3.2 %
Synchrony Financial (NYSE:SYF – Get Free Report) last released its earnings results on Tuesday, January 28th. The financial services provider reported $1.91 EPS for the quarter, topping the consensus estimate of $1.89 by $0.02. Synchrony Financial had a net margin of 13.98% and a return on equity of 16.64%. Research analysts predict that Synchrony Financial will post 6.54 EPS for the current fiscal year.
Insider Transactions at Synchrony Financial
In other news, insider Curtis Howse sold 21,934 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $55.13, for a total transaction of $1,209,221.42. Following the completion of the transaction, the insider now directly owns 99,743 shares of the company’s stock, valued at approximately $5,498,831.59. The trade was a 18.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jonathan S. Mothner sold 34,163 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $64.99, for a total transaction of $2,220,253.37. Following the sale, the insider now owns 127,587 shares in the company, valued at $8,291,879.13. The trade was a 21.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Apollon Wealth Management LLC raised its holdings in shares of Synchrony Financial by 2.3% in the 4th quarter. Apollon Wealth Management LLC now owns 7,094 shares of the financial services provider’s stock valued at $461,000 after purchasing an additional 160 shares in the last quarter. Gladstone Institutional Advisory LLC raised its stake in Synchrony Financial by 1.9% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 9,290 shares of the financial services provider’s stock valued at $604,000 after buying an additional 176 shares in the last quarter. Graypoint LLC lifted its holdings in Synchrony Financial by 4.0% during the 3rd quarter. Graypoint LLC now owns 4,668 shares of the financial services provider’s stock worth $233,000 after buying an additional 181 shares during the last quarter. Wedmont Private Capital boosted its holdings in Synchrony Financial by 2.6% in the fourth quarter. Wedmont Private Capital now owns 7,700 shares of the financial services provider’s stock valued at $491,000 after purchasing an additional 192 shares in the last quarter. Finally, Empirical Finance LLC boosted its holdings in shares of Synchrony Financial by 1.3% in the 3rd quarter. Empirical Finance LLC now owns 15,499 shares of the financial services provider’s stock valued at $773,000 after buying an additional 204 shares in the last quarter. Institutional investors and hedge funds 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.
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