Synchrony Financial (NYSE:SYF) Given Consensus Rating of "Moderate Buy" by Brokerages

Synchrony Financial (NYSE:SYF - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the twenty-one ratings firms that are presently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $68.10.

A number of analysts have issued reports on the company. StockNews.com downgraded Synchrony Financial from a "buy" rating to a "hold" rating in a report on Monday. Truist Financial lowered their price target on Synchrony Financial from $77.00 to $65.00 and set a "hold" rating for the company in a report on Friday, March 21st. Barclays upgraded shares of Synchrony Financial from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $59.00 to $79.00 in a research note on Monday, January 6th. Royal Bank of Canada upped their target price on shares of Synchrony Financial from $70.00 to $73.00 and gave the company a "sector perform" rating in a report on Wednesday, January 29th. Finally, The Goldman Sachs Group cut their price target on shares of Synchrony Financial from $82.00 to $70.00 and set a "buy" rating on the stock in a research note on Tuesday, March 18th.

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Institutional Trading of Synchrony Financial

Several hedge funds and other institutional investors have recently made changes to their positions in the company. New Wave Wealth Advisors LLC acquired a new stake in Synchrony Financial in the fourth quarter valued at about $452,000. National Bank of Canada FI increased its holdings in shares of Synchrony Financial by 119.0% in the 3rd quarter. National Bank of Canada FI now owns 243,040 shares of the financial services provider's stock valued at $12,123,000 after purchasing an additional 132,047 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Synchrony Financial by 7.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 178,811 shares of the financial services provider's stock valued at $11,787,000 after purchasing an additional 12,492 shares during the period. Brophy Wealth Management LLC purchased a new stake in Synchrony Financial during the third quarter worth about $544,000. Finally, Summit Trail Advisors LLC acquired a new position in Synchrony Financial during the fourth quarter worth about $423,000. Hedge funds and other institutional investors own 96.48% of the company's stock.

Synchrony Financial Stock Down 1.2 %

Shares of SYF stock traded down $0.67 during trading hours on Monday, reaching $55.18. 3,961,556 shares of the stock were exchanged, compared to its average volume of 3,638,455. The business's fifty day moving average is $61.77 and its two-hundred day moving average is $60.43. The firm has a market capitalization of $21.45 billion, a P/E ratio of 6.46, a P/E/G ratio of 0.71 and a beta of 1.67. Synchrony Financial has a 12-month low of $39.67 and a 12-month high of $70.93. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24.

Synchrony Financial (NYSE:SYF - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.89 by $0.02. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. As a group, research analysts expect that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.00 annualized dividend and a yield of 1.81%. Synchrony Financial's dividend payout ratio is currently 11.71%.

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.