Financial Synchronization (New York Stock Exchange:SYFget rating) Stephens raised his price target from $29.00 to $35.00 in a research report released Tuesday morning, The fly reports. The brokerage currently has an equal weight rating on the financial services provider’s shares.

Several other research analysts have also recently published reports on SYF. The Goldman Sachs Group raised its share price target for Synchrony Financial from $40.00 to $45.00 and gave the company a buy rating in a report on Tuesday, April 19. JMP Securities lowered Synchrony Financial’s share price target from $50.00 to $40.00 and set an upper market rating on the company in a report on Friday, July 15. Wells Fargo & Company cut Synchrony Financial’s shares from an overweight rating to an equal weight rating and lowered its price target on the company from $45.00 to $32.00 in a report on Wednesday, July 13. Wolfe Research cut Synchrony Financial’s shares from a similar performance rating to a lower performance rating and set a $22.00 price target for the company. in a report on Thursday, May 12. Ultimately, Barclays lowered Synchrony Financial’s share price target from $64.00 to $49.00 and placed an overweight rating on the company in a research note on Monday, July 11. One stock research analyst rated the stock a sell rating, five assigned a hold rating, and eleven issued a buy rating on the company. According to MarketBeat data, the stock currently has a moderate buy consensus rating and a consensus price target of $45.76.

Synchrony Financial Trading rose 4.5%

Actions of New York Stock Exchange:SYF opened at $32.89 on Tuesday. Synchrony Financial has a 52-week minimum of $27.22 and a 52-week maximum of $52.49. The company’s 50-day moving average is $31.86 and its 200-day moving average is $37.55. The company has a current ratio of 1.24, a quick ratio of 1.18, and a debt-to-equity ratio of 1.05. The company has a market cap of $16.49 billion, a PE ratio of 4.46, a P/E/E ratio of 0.24, and a beta of 1.52.

Financial Synchronization (New York Stock Exchange:SYFget rating) last announced its quarterly earnings data on Monday, July 18. The financial services provider reported $1.60 EPS for the quarter, beating analyst consensus estimates of $1.47 by $0.13. Synchrony Financial had a net margin of 26.26% and a return on equity of 29.99%. During the same period of the previous year, the company recorded $2.12 EPS. Stock analysts predict that Synchrony Financial will post 5.62 earnings per share for the current fiscal year.

Synchrony Financial announced that its board of directors approved a share repurchase program on Monday, April 18, that allows the company to repurchase $2.8 billion in shares. This repurchase authorization allows the financial services provider to purchase up to 13.6% of its shares through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.

Synchrony Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 12. Shareholders of record on Monday, May 2, were paid a dividend of $0.22. This represents an annualized dividend of $0.88 and a dividend yield of 2.68%. The ex-dividend date was Friday, April 29. Synchrony Financial’s Dividend Payout Ratio (DPR) is currently 11.94%.

Synchrony Financial Institutional Trading

Several hedge funds have recently made changes to their positions in SYF. Baird Financial Group Inc. increased its holding in shares of Synchrony Financial by 0.9% in the fourth quarter. Baird Financial Group Inc. now owns 25,965 shares of the financial services provider valued at $1,205,000 after buying an additional 235 shares last quarter. Geneos Wealth Management Inc. increased its holding in shares of Synchrony Financial by 17.8% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,588 shares of the financial services provider valued at $73,000 after buying an additional 240 shares last quarter. Venture Visionary Partners LLC increased its holding in shares of Synchrony Financial by 2.1% in the fourth quarter. Venture Visionary Partners LLC now owns 12,615 shares of the financial services provider valued at $585,000 after buying an additional 255 shares last quarter. Camden Capital LLC increased its holding in Synchrony Financial stock by 4.7% in the fourth quarter. Camden Capital LLC now owns 6,108 shares of the financial services provider valued at $283,000 after buying an additional 274 shares last quarter. Finally, Maverick Capital Ltd. increased its holding in shares of Synchrony Financial by 11.6% in the fourth quarter. Maverick Capital Ltd. now owns 2,820 shares of the financial services provider valued at $131,000 after buying an additional 294 shares last quarter. Institutional investors and hedge funds own 98.26% of the company’s shares.

Synchrony Finance Company Profile

(get rating)

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. Offers credit products, such as credit cards, business credit products, and consumer installment loans. The company also offers private-label credit cards, dual cards, co-branded 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 for retail and business customers, as well as accept deposits through third-party securities brokerage firms.

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