Synchrony Financial (NYSE:SYF) Price Target Cut to $65.00 by Analysts at Truist Financial

Synchrony Financial (NYSE:SYF) had its target price lowered by Truist Financial from $77.00 to $65.00 in a report issued on Friday,Benzinga reports. The firm currently has a hold rating on the financial services provider’s stock.

A number of other equities analysts also recently commented on the stock. UBS Group upped their price objective on shares of Synchrony Financial from $58.00 to $66.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Morgan Stanley upgraded shares of Synchrony Financial from an “underweight” rating to an “overweight” rating and upped their price objective for the stock from $40.00 to $82.00 in a research report on Thursday, December 19th. Compass Point downgraded shares of Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 price objective for the company. in a research report on Tuesday, January 28th. JPMorgan Chase & Co. upgraded shares of Synchrony Financial from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $59.00 to $72.00 in a research report on Monday, December 9th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Synchrony Financial from $62.00 to $82.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Six analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $68.10.

Synchrony Financial Stock Up 0.4 %

Shares of NYSE:SYF opened at $54.07 on Friday. The stock has a market cap of $21.02 billion, a P/E ratio of 6.33, a P/E/G ratio of 0.71 and a beta of 1.67. The firm has a fifty day moving average price of $62.41 and a 200 day moving average price of $60.20. 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 has a 1-year low of $39.67 and a 1-year high of $70.93.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share for the quarter, topping 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%. Sell-side analysts predict that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.25 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.00 annualized dividend and a yield of 1.85%. Synchrony Financial’s dividend payout ratio (DPR) is currently 11.71%.

Hedge Funds Weigh In On Synchrony Financial

Several hedge funds have recently added to or reduced their stakes in SYF. New Wave Wealth Advisors LLC acquired a new stake in shares of Synchrony Financial during the 4th quarter worth about $452,000. National Bank of Canada FI boosted its stake in shares of Synchrony Financial by 119.0% during the 3rd quarter. National Bank of Canada FI now owns 243,040 shares of the financial services provider’s stock worth $12,123,000 after purchasing an additional 132,047 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Synchrony Financial by 7.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 178,811 shares of the financial services provider’s stock worth $11,787,000 after purchasing an additional 12,492 shares during the last quarter. Brophy Wealth Management LLC acquired a new stake in shares of Synchrony Financial during the 3rd quarter worth about $544,000. Finally, Summit Trail Advisors LLC acquired a new stake in shares of Synchrony Financial during the 4th quarter worth about $423,000. 96.48% of the stock is currently owned by hedge funds and other institutional investors.

Synchrony Financial Company Profile

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.