Synchrony Financial (NYSE:SYF) – Oppenheimer lowered their Q4 2017 EPS estimates for shares of Synchrony Financial in a note issued to investors on Tuesday. Oppenheimer analyst B. Chittenden now forecasts that the financial services provider will post earnings per share of $0.66 for the quarter, down from their previous forecast of $0.68. Oppenheimer has a “Hold” rating on the stock. Oppenheimer also issued estimates for Synchrony Financial’s Q4 2018 earnings at $0.95 EPS.

SYF has been the topic of a number of other reports. Morgan Stanley downgraded shares of Synchrony Financial from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $35.00 to $32.00 in a report on Friday, September 8th. Barclays set a $40.00 price target on shares of Synchrony Financial and gave the stock a “buy” rating in a report on Monday, October 23rd. Bank of America downgraded shares of Synchrony Financial from a “buy” rating to a “neutral” rating and cut their price target for the stock from $35.00 to $33.00 in a report on Friday, October 6th. JMP Securities boosted their price target on shares of Synchrony Financial from $35.00 to $37.00 and gave the stock a “market outperform” rating in a report on Monday, October 23rd. Finally, BTIG Research reissued a “buy” rating and issued a $44.00 price target on shares of Synchrony Financial in a report on Sunday, December 17th. Eleven analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $38.30.

Synchrony Financial (NYSE SYF) opened at $39.12 on Thursday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.38. The firm has a market cap of $30,411.51, a PE ratio of 14.93, a P/E/G ratio of 1.64 and a beta of 1.06. Synchrony Financial has a fifty-two week low of $26.01 and a fifty-two week high of $39.18.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Friday, October 20th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.06. The firm had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.78 billion. Synchrony Financial had a net margin of 13.17% and a return on equity of 14.84%. During the same period in the previous year, the firm earned $0.73 EPS.

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Synchrony Financial by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 52,233,692 shares of the financial services provider’s stock valued at $1,557,609,000 after acquiring an additional 956,331 shares during the period. FMR LLC increased its position in shares of Synchrony Financial by 27.1% during the second quarter. FMR LLC now owns 36,964,054 shares of the financial services provider’s stock valued at $1,102,267,000 after buying an additional 7,874,689 shares during the period. First Eagle Investment Management LLC increased its position in shares of Synchrony Financial by 2.1% during the third quarter. First Eagle Investment Management LLC now owns 17,666,015 shares of the financial services provider’s stock valued at $548,530,000 after buying an additional 362,810 shares during the period. Berkshire Hathaway Inc. bought a new stake in shares of Synchrony Financial during the second quarter valued at about $520,747,000. Finally, CI Investments Inc. increased its position in shares of Synchrony Financial by 7.5% during the third quarter. CI Investments Inc. now owns 10,960,562 shares of the financial services provider’s stock valued at $340,325,000 after buying an additional 766,368 shares during the period. Institutional investors and hedge funds own 85.46% of the company’s stock.

In related news, insider David P. Melito sold 1,881 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $38.00, for a total value of $71,478.00. Following the sale, the insider now directly owns 43,140 shares in the company, valued at approximately $1,639,320. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jonathan S. Mothner sold 1,000 shares of the business’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $33.50, for a total value of $33,500.00. Following the completion of the sale, the insider now owns 113,578 shares in the company, valued at $3,804,863. The disclosure for this sale can be found here. Insiders sold a total of 6,961 shares of company stock worth $244,508 over the last 90 days. 0.03% of the stock is currently owned by company insiders.

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About Synchrony Financial

Synchrony Financial is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.

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