Zacks Investment Research upgraded shares of Synchrony Financial (NYSE:SYF) from a hold rating to a buy rating in a research note issued to investors on Thursday. They currently have $39.00 target price on the stock.

According to Zacks, “Synchrony Financial is a consumer financial services company. It offers private label credit cards, dual cards and small and medium-sized business credit products; promotional financing for consumer purchases, including installment loans; and promotional financing to consumers. The company also offers various deposit products, such as certificates of deposit, individual retirement accounts, money market accounts, and savings accounts directly to retail and commercial customers under the Optimizer+Plus brand. Synchrony Financial is headquartered in Stamford, Connecticut. “

A number of other analysts have also recently weighed in on the stock. JMP Securities upped their target price on shares of Synchrony Financial from $33.00 to $37.00 and gave the company a market outperform rating in a research note on Tuesday. Barclays PLC set a $41.00 target price on shares of Synchrony Financial and gave the company a buy rating in a research note on Monday. Stephens began coverage on shares of Synchrony Financial in a research note on Friday, November 18th. They issued an overweight rating and a $40.00 target price on the stock. Vetr cut shares of Synchrony Financial from a strong-buy rating to a buy rating and set a $35.70 target price on the stock. in a research note on Monday, November 14th. Finally, TheStreet raised shares of Synchrony Financial from a hold rating to a buy rating in a research note on Monday, November 7th. Three investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Buy and an average price target of $39.83.

Shares of Synchrony Financial (NYSE:SYF) opened at 34.96 on Thursday. The company’s 50-day moving average price is $29.37 and its 200 day moving average price is $28.30. Synchrony Financial has a one year low of $23.25 and a one year high of $35.02. The company has a market cap of $28.86 billion, a PE ratio of 13.14 and a beta of 0.89.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Friday, October 21st. The company reported $0.73 EPS 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 quarter last year, the company earned $0.69 earnings per share. Equities analysts forecast that Synchrony Financial will post $2.68 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 17th. Shareholders of record on Monday, November 7th were issued a $0.13 dividend. The ex-dividend date was Thursday, November 3rd. This represents a $0.52 annualized dividend and a yield of 1.49%. Synchrony Financial’s dividend payout ratio (DPR) is presently 19.55%.

In other Synchrony Financial news, insider David P. Melito sold 2,159 shares of the stock in a transaction on Monday, November 21st. The shares were sold at an average price of $33.54, for a total value of $72,412.86. Following the sale, the insider now directly owns 40,863 shares in the company, valued at $1,370,545.02. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Margaret M. Keane sold 2,000 shares of the stock in a transaction on Wednesday, November 9th. The stock was 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 owns 361,206 shares in the company, valued at $10,836,180. The disclosure for this sale can be found here. 0.02% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the company. Osborn Rohs Williams & Donohoe Ltd raised its stake in Synchrony Financial by 88.1% in the second quarter. Osborn Rohs Williams & Donohoe Ltd now owns 23,490 shares of the company’s stock valued at $594,000 after buying an additional 11,000 shares during the period. British Columbia Investment Management Corp raised its stake in Synchrony Financial by 32.9% in the second quarter. British Columbia Investment Management Corp now owns 487,087 shares of the company’s stock valued at $12,314,000 after buying an additional 120,653 shares during the period. Daiwa SB Investments Ltd. raised its stake in Synchrony Financial by 8.5% in the second quarter. Daiwa SB Investments Ltd. now owns 5,250 shares of the company’s stock valued at $130,000 after buying an additional 410 shares during the period. Exxonmobil Investment Management Inc. TX raised its stake in Synchrony Financial by 6.3% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 215,860 shares of the company’s stock valued at $5,457,000 after buying an additional 12,843 shares during the period. Finally, Chevy Chase Trust Holdings Inc. raised its stake in Synchrony Financial by 6.9% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 885,105 shares of the company’s stock valued at $22,375,000 after buying an additional 57,230 shares during the period. Institutional investors own 88.24% of the company’s stock.

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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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