Synchrony Financial (NYSE:SYF)‘s stock had its “hold” rating reiterated by investment analysts at Oppenheimer in a research report issued to clients and investors on Monday.
Several other equities research analysts also recently weighed in on the stock. Bank of America raised shares of Synchrony Financial from a “neutral” rating to a “buy” rating in a research note on Monday, December 18th. BTIG Research reaffirmed a “buy” rating and set a $44.00 target price on shares of Synchrony Financial in a research note on Sunday, December 17th. JMP Securities upped their target price on shares of Synchrony Financial from $35.00 to $37.00 and gave the stock a “market outperform” rating in a research note on Monday, October 23rd. Wells Fargo & Co upped their target price on shares of Synchrony Financial from $33.00 to $35.00 and gave the stock a “market perform” rating in a research note on Monday, October 23rd. Finally, Barclays set a $53.00 target price on shares of Synchrony Financial and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Ten analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $38.40.
Synchrony Financial (NYSE:SYF) traded up $1.05 during trading on Monday, hitting $39.52. 15,121,405 shares of the stock were exchanged, compared to its average volume of 8,155,000. Synchrony Financial has a twelve month low of $26.01 and a twelve month high of $40.17. The stock has a market cap of $30,930.00, a P/E ratio of 16.33, a price-to-earnings-growth ratio of 1.47 and a beta of 1.06. The company has a quick ratio of 1.47, a current ratio of 1.45 and a debt-to-equity ratio of 1.46.
In other news, insider David P. Melito sold 2,000 shares of the company’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $40.00, for a total value of $80,000.00. Following the completion of the transaction, the insider now owns 39,259 shares in the company, valued at approximately $1,570,360. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Laurel Richie bought 1,000 shares of the stock in a transaction dated Monday, November 20th. The stock was bought at an average price of $34.20 per share, with a total value of $34,200.00. Following the acquisition, the director now owns 8,608 shares in the company, valued at approximately $294,393.60. The disclosure for this purchase can be found here. Over the last three months, insiders sold 7,961 shares of company stock worth $291,008. Insiders own 0.03% of the company’s stock.
Several institutional investors have recently modified their holdings of SYF. Berkshire Hathaway Inc. acquired a new position in shares of Synchrony Financial in the 2nd quarter valued at $520,747,000. Janus Henderson Group PLC boosted its holdings in shares of Synchrony Financial by 1,820.5% in the 2nd quarter. Janus Henderson Group PLC now owns 10,934,573 shares of the financial services provider’s stock valued at $326,070,000 after buying an additional 10,365,219 shares in the last quarter. Capital World Investors acquired a new position in shares of Synchrony Financial in the 2nd quarter valued at $202,269,000. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Synchrony Financial by 2,777.1% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,109,742 shares of the financial services provider’s stock valued at $128,144,000 after buying an additional 3,966,900 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Synchrony Financial by 30.3% in the 4th quarter. Bank of Montreal Can now owns 5,521,901 shares of the financial services provider’s stock valued at $213,200,000 after buying an additional 1,284,298 shares in the last quarter. Institutional investors and hedge funds own 85.61% of the company’s stock.
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Synchrony Financial Company Profile
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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