Synchrony Financial (NYSE:SYF) was upgraded by equities research analysts at Bank of America from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Monday, The Fly reports.
A number of other research firms have also commented on SYF. BMO Capital Markets restated a “buy” rating and set a $40.00 price target on shares of Synchrony Financial in a research report on Friday, August 25th. BidaskClub upgraded shares of Synchrony Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Morgan Stanley lowered shares of Synchrony Financial from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $35.00 to $32.00 in a research report on Friday, September 8th. Jefferies Group restated a “buy” rating and set a $40.00 price target on shares of Synchrony Financial in a research report on Thursday, September 21st. Finally, Zacks Investment Research lowered shares of Synchrony Financial from a “hold” rating to a “sell” rating in a research report on Monday, September 25th. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $38.30.
Synchrony Financial (SYF) opened at $37.19 on Monday. Synchrony Financial has a one year low of $26.01 and a one year high of $38.06. The firm has a market cap of $29,104.59, a P/E ratio of 14.19, a P/E/G ratio of 1.88 and a beta of 1.06. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.38.
In related news, Director Olympia J. Snowe acquired 3,000 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was bought at an average cost of $33.40 per share, with a total value of $100,200.00. Following the acquisition, the director now owns 10,608 shares of the company’s stock, valued at approximately $354,307.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Laurel Richie acquired 1,000 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were bought at an average cost of $34.20 per share, with a total value of $34,200.00. Following the completion of the acquisition, the director now directly owns 8,608 shares in the company, valued at approximately $294,393.60. The disclosure for this purchase can be found here. Insiders have sold a total of 6,961 shares of company stock valued at $244,508 over the last ninety days. 0.03% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of SYF. Westside Investment Management Inc. lifted its stake in Synchrony Financial by 32.1% in the second quarter. Westside Investment Management Inc. now owns 3,567 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 867 shares during the last quarter. Patten Group Inc. lifted its stake in Synchrony Financial by 3,019.4% in the third quarter. Patten Group Inc. now owns 106,713 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 103,292 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Synchrony Financial by 9.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,387 shares of the financial services provider’s stock worth $160,000 after purchasing an additional 486 shares during the last quarter. Highlander Capital Management LLC lifted its stake in Synchrony Financial by 83.6% in the second quarter. Highlander Capital Management LLC now owns 5,492 shares of the financial services provider’s stock worth $165,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Sun Life Financial INC lifted its stake in Synchrony Financial by 40,207.1% in the second quarter. Sun Life Financial INC now owns 5,643 shares of the financial services provider’s stock worth $168,000 after purchasing an additional 5,629 shares during the last quarter. 85.77% of the stock is owned by institutional investors.
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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.
