Synchrony Financial’s (SYF) “Market Outperform” Rating Reiterated at JMP Securities

Synchrony Financial (NYSE:SYF)‘s stock had its “market outperform” rating reaffirmed by equities researchers at JMP Securities in a report released on Monday, Benzinga reports. They currently have a $60.00 price objective on the financial services provider’s stock. JMP Securities’ price objective would indicate a potential upside of 11.94% from the stock’s previous close.

Several other equities analysts also recently issued reports on SYF. StockNews.com upgraded shares of Synchrony Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, October 9th. BTIG Research downgraded Synchrony Financial from a “buy” rating to a “neutral” rating in a research note on Monday, September 16th. Compass Point initiated coverage on Synchrony Financial in a research note on Tuesday, July 16th. They issued a “buy” rating and a $56.00 price objective for the company. Baird R W upgraded shares of Synchrony Financial to a “strong-buy” rating in a research report on Friday, June 28th. Finally, Wells Fargo & Company upped their price target on shares of Synchrony Financial from $49.00 to $53.00 and gave the company an “equal weight” rating in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Synchrony Financial has an average rating of “Moderate Buy” and an average price target of $52.40.

Synchrony Financial Stock Up 0.8 %

NYSE SYF traded up $0.45 during trading hours on Monday, hitting $53.60. 652,702 shares of the company were exchanged, compared to its average volume of 3,940,344. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.09. The firm has a market cap of $21.18 billion, a price-to-earnings ratio of 7.44, a PEG ratio of 1.21 and a beta of 1.61. The company has a 50 day moving average of $48.39 and a two-hundred day moving average of $46.21. Synchrony Financial has a 52-week low of $27.30 and a 52-week high of $53.72.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.20. The business had revenue of $5.58 billion for the quarter, compared to analyst estimates of $4.44 billion. Synchrony Financial had a net margin of 13.52% and a return on equity of 16.06%. During the same period last year, the business earned $1.32 EPS. Equities research analysts anticipate that Synchrony Financial will post 5.81 earnings per share for the current year.

Insider Activity at Synchrony Financial

In related news, insider Brian J. Sr. Wenzel sold 74,698 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $46.73, for a total value of $3,490,637.54. Following the completion of the sale, the insider now directly owns 76,251 shares of the company’s stock, valued at approximately $3,563,209.23. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Bart Schaller sold 930 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $50.84, for a total transaction of $47,281.20. Following the completion of the sale, the insider now directly owns 49,390 shares in the company, valued at approximately $2,510,987.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian J. Sr. Wenzel sold 74,698 shares of Synchrony Financial stock in a transaction on Monday, August 19th. The shares were sold at an average price of $46.73, for a total value of $3,490,637.54. Following the sale, the insider now directly owns 76,251 shares of the company’s stock, valued at approximately $3,563,209.23. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Synchrony Financial

Institutional investors have recently made changes to their positions in the company. Creative Planning lifted its stake in Synchrony Financial by 1.0% in the third quarter. Creative Planning now owns 30,064 shares of the financial services provider’s stock valued at $1,500,000 after acquiring an additional 308 shares during the last quarter. CHICAGO TRUST Co NA acquired a new stake in shares of Synchrony Financial in the 3rd quarter valued at $293,000. Exchange Traded Concepts LLC lifted its stake in shares of Synchrony Financial by 7,655.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 17,139 shares of the financial services provider’s stock valued at $855,000 after purchasing an additional 16,918 shares during the last quarter. Burns Matteson Capital Management LLC acquired a new position in Synchrony Financial during the third quarter worth $349,000. Finally, Ritholtz Wealth Management raised its holdings in Synchrony Financial by 12.8% during the third quarter. Ritholtz Wealth Management now owns 27,987 shares of the financial services provider’s stock valued at $1,396,000 after buying an additional 3,174 shares in the last quarter. 96.48% of the stock is currently owned by institutional investors and hedge funds.

About Synchrony Financial

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts, and sweep and affinity deposits, as well as accepts deposits through third-party securities brokerage firms.