Synchrony Financial (NYSE:SYF) had its price target raised by Jefferies Group to $44.00 in a report released on Friday. Jefferies Group currently has a top pick rating on the financial services provider’s stock. Jefferies Group also issued estimates for Synchrony Financial’s Q4 2017 earnings at $0.62 EPS, Q2 2018 earnings at $0.79 EPS, Q3 2018 earnings at $0.72 EPS, Q4 2018 earnings at $0.90 EPS, FY2018 earnings at $3.15 EPS, Q2 2019 earnings at $0.85 EPS and FY2019 earnings at $3.65 EPS.

SYF has been the topic of several other reports. Morgan Stanley lowered Synchrony Financial from an overweight rating to an equal weight rating and lowered their price target for the stock from $35.00 to $32.00 in a research note on Friday, September 8th. Barclays set a $40.00 price target on Synchrony Financial and gave the stock a buy rating in a research note on Monday, October 23rd. Bank of America lowered Synchrony Financial from a buy rating to a neutral rating and lowered their price target for the stock from $35.00 to $33.00 in a research note on Friday, October 6th. JMP Securities lifted their price target on Synchrony Financial from $35.00 to $37.00 and gave the stock a market outperform rating in a research note on Monday, October 23rd. Finally, Zacks Investment Research raised Synchrony Financial from a strong sell rating to a hold rating in a research note on Monday, October 23rd. Twelve research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $37.14.

Shares of Synchrony Financial (NYSE:SYF) traded up $0.05 on Friday, reaching $35.94. The company’s stock had a trading volume of 7,335,506 shares, compared to its average volume of 5,980,511. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.47 and a current ratio of 1.47. Synchrony Financial has a one year low of $26.01 and a one year high of $38.06. The firm has a market capitalization of $28,087.21, a price-to-earnings ratio of 13.70, a P/E/G ratio of 1.80 and a beta of 1.06.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Friday, October 20th. The financial services provider reported $0.70 EPS for the quarter, beating the consensus estimate of $0.64 by $0.06. Synchrony Financial had a return on equity of 14.84% and a net margin of 13.17%. The company had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period last year, the company earned $0.73 earnings per share. analysts anticipate that Synchrony Financial will post 2.59 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 6th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date was Friday, November 3rd. Synchrony Financial’s dividend payout ratio (DPR) is currently 22.90%.

In other Synchrony Financial news, insider Jonathan S. Mothner sold 1,500 shares of the business’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $32.82, for a total transaction of $49,230.00. Following the transaction, the insider now owns 113,934 shares of the company’s stock, valued at $3,739,313.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jonathan S. Mothner sold 1,000 shares of the business’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $33.50, for a total value of $33,500.00. Following the transaction, the insider now directly owns 113,578 shares in the company, valued at approximately $3,804,863. The disclosure for this sale can be found here. Insiders have sold 5,080 shares of company stock worth $173,030 in the last three months. 0.03% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Westside Investment Management Inc. boosted its stake in Synchrony Financial by 32.1% during the second quarter. Westside Investment Management Inc. now owns 3,567 shares of the financial services provider’s stock worth $104,000 after buying an additional 867 shares during the last quarter. Patten Group Inc. raised its position 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 valued at $106,000 after purchasing an additional 103,292 shares during the period. First Quadrant L P CA raised its position in Synchrony Financial by 55.4% in the second quarter. First Quadrant L P CA now owns 3,726 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 1,328 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in Synchrony Financial by 39.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,560 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 1,280 shares during the period. Finally, State of Alaska Department of Revenue raised its position in Synchrony Financial by 19.7% in the second quarter. State of Alaska Department of Revenue now owns 5,338 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 880 shares during the period. 85.68% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Synchrony Financial (NYSE:SYF)

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