Barclays PLC set a $41.00 price objective on Synchrony Financial (NYSE:SYF) in a research report sent to investors on Monday morning. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the stock. BTIG Research reiterated a buy rating and set a $42.00 price target on shares of Synchrony Financial in a research note on Monday, July 25th. Zacks Investment Research upgraded shares of Synchrony Financial from a hold rating to a buy rating and set a $36.00 price target on the stock in a research note on Saturday, November 12th. TheStreet upgraded shares of Synchrony Financial from a hold rating to a buy rating in a research note on Monday, November 7th. Compass Point initiated coverage on shares of Synchrony Financial in a research note on Friday, November 4th. They set a buy rating and a $34.00 price target on the stock. Finally, Credit Suisse Group AG set a $37.00 price target on shares of Synchrony Financial and gave the stock a buy rating in a research note on Thursday, September 22nd. Three investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $39.69.

Shares of Synchrony Financial (NYSE:SYF) opened at 34.27 on Monday. Synchrony Financial has a 1-year low of $23.25 and a 1-year high of $34.33. The stock has a market capitalization of $28.29 billion, a price-to-earnings ratio of 12.88 and a beta of 0.89. The stock’s 50 day moving average is $28.98 and its 200 day moving average is $28.22.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Friday, October 21st. The company reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.04. Synchrony Financial had a net margin of 15.40% and a return on equity of 16.61%. During the same period last year, the business posted $0.69 EPS. On average, equities analysts forecast that Synchrony Financial will post $2.68 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 17th. Shareholders of record on Monday, November 7th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $0.52 annualized dividend and a yield of 1.55%. Synchrony Financial’s dividend payout ratio is currently 19.55%.

In other Synchrony Financial news, insider Margaret M. Keane sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $30.00, for a total transaction of $60,000.00. Following the completion of the sale, the insider now directly owns 361,206 shares in the company, valued at $10,836,180. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.02% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. increased its stake in Synchrony Financial by 0.5% in the third quarter. Daiwa Securities Group Inc. now owns 20,000 shares of the company’s stock valued at $560,000 after buying an additional 100 shares in the last quarter. NEXT Financial Group Inc increased its stake in Synchrony Financial by 2.6% in the third quarter. NEXT Financial Group Inc now owns 4,019 shares of the company’s stock valued at $113,000 after buying an additional 103 shares in the last quarter. Cadence Capital Management LLC increased its stake in Synchrony Financial by 0.9% in the second quarter. Cadence Capital Management LLC now owns 14,768 shares of the company’s stock valued at $373,000 after buying an additional 137 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in Synchrony Financial by 4.4% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 5,350 shares of the company’s stock valued at $150,000 after buying an additional 225 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its stake in Synchrony Financial by 1.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 21,065 shares of the company’s stock valued at $479,000 after buying an additional 228 shares in the last quarter. Institutional investors own 88.24% of the company’s stock.

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.

5 Day Chart for NYSE:SYF

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