Synchrony Financial (NYSE:SYF) Price Target Lowered to $65.00 at Truist Financial

Synchrony Financial (NYSE:SYF) had its price target trimmed by Truist Financial from $77.00 to $65.00 in a research report released on Friday morning,Benzinga reports. The firm currently has a hold rating on the financial services provider’s stock.

A number of other research firms have also recently weighed in on SYF. UBS Group increased their price target on Synchrony Financial from $58.00 to $66.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Compass Point cut Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 price target on the stock. in a research note on Tuesday, January 28th. Barclays upgraded Synchrony Financial from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $59.00 to $79.00 in a research note on Monday, January 6th. Wells Fargo & Company upgraded Synchrony Financial from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $60.00 to $85.00 in a research note on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. upgraded Synchrony Financial from a “neutral” rating to an “overweight” rating and increased their price target for the company from $59.00 to $72.00 in a research note on Monday, December 9th. Six equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Synchrony Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.10.

Synchrony Financial Trading Up 0.4 %

Shares of Synchrony Financial stock opened at $54.07 on Friday. Synchrony Financial has a 12-month low of $39.67 and a 12-month high of $70.93. The stock has a market cap of $21.02 billion, a P/E ratio of 6.33, a P/E/G ratio of 0.71 and a beta of 1.67. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.01. The business’s 50 day moving average is $62.41 and its 200-day moving average is $60.36.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.02. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. Equities research analysts predict that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial’s dividend payout ratio (DPR) is presently 11.71%.

Institutional Trading of Synchrony Financial

Several large investors have recently bought and sold shares of the business. California State Teachers Retirement System boosted its stake in Synchrony Financial by 3.1% in the fourth quarter. California State Teachers Retirement System now owns 542,243 shares of the financial services provider’s stock valued at $35,246,000 after buying an additional 16,140 shares in the last quarter. 111 Capital acquired a new stake in Synchrony Financial in the fourth quarter valued at about $1,271,000. Wealth Enhancement Advisory Services LLC boosted its stake in Synchrony Financial by 220.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 64,145 shares of the financial services provider’s stock valued at $4,169,000 after buying an additional 44,150 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ acquired a new stake in Synchrony Financial in the fourth quarter valued at about $371,000. Finally, Centaurus Financial Inc. boosted its stake in Synchrony Financial by 3.4% in the fourth quarter. Centaurus Financial Inc. now owns 10,420 shares of the financial services provider’s stock valued at $677,000 after buying an additional 342 shares in the last quarter. 96.48% of the stock is owned by institutional investors and hedge funds.

Synchrony Financial Company Profile

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.