Synchrony Financial (NYSE:SYF) Price Target Increased to $68.00 by Analysts at Deutsche Bank Aktiengesellschaft

Synchrony Financial (NYSE:SYF) had its target price boosted by Deutsche Bank Aktiengesellschaft from $58.00 to $68.00 in a research report released on Thursday morning, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

A number of other equities research analysts have also recently issued reports on the stock. Baird R W raised shares of Synchrony Financial to a “strong-buy” rating in a research report on Friday, June 28th. StockNews.com raised shares of Synchrony Financial from a “hold” rating to a “buy” rating in a report on Wednesday, October 9th. BMO Capital Markets lowered their target price on shares of Synchrony Financial from $42.00 to $41.00 and set a “market perform” rating on the stock in a report on Thursday, July 18th. Royal Bank of Canada boosted their price target on Synchrony Financial from $50.00 to $55.00 and gave the company a “sector perform” rating in a research note on Thursday, July 18th. Finally, The Goldman Sachs Group raised their price objective on Synchrony Financial from $49.00 to $56.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Synchrony Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.25.

Synchrony Financial Stock Performance

Shares of SYF stock opened at $56.42 on Thursday. Synchrony Financial has a 52 week low of $27.30 and a 52 week high of $57.26. The company has a market capitalization of $22.66 billion, a price-to-earnings ratio of 8.09, a PEG ratio of 1.26 and a beta of 1.61. The company has a 50-day simple moving average of $49.43 and a 200 day simple moving average of $46.68. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.23 and a current ratio of 1.23.

Synchrony Financial (NYSE:SYF) last posted its earnings results on Wednesday, October 16th. The financial services provider reported $1.94 EPS for the quarter, beating the consensus estimate of $1.77 by $0.17. The company had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.76 billion. Synchrony Financial had a return on equity of 16.06% and a net margin of 13.52%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.48 earnings per share. On average, sell-side analysts predict that Synchrony Financial will post 5.81 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 5th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 5th. This represents a $1.00 dividend on an annualized basis and a yield of 1.77%. Synchrony Financial’s payout ratio is presently 14.35%.

Insider Activity

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

Institutional Trading of Synchrony Financial

Several institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew its stake in Synchrony Financial by 18.5% during the fourth quarter. Wellington Management Group LLP now owns 65,514 shares of the financial services provider’s stock worth $2,502,000 after purchasing an additional 10,207 shares during the period. B. Riley Wealth Advisors Inc. boosted its position in shares of Synchrony Financial by 8.2% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 11,872 shares of the financial services provider’s stock worth $453,000 after purchasing an additional 900 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Synchrony Financial by 21.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 58,603 shares of the financial services provider’s stock valued at $2,238,000 after buying an additional 10,242 shares during the period. Los Angeles Capital Management LLC grew its stake in shares of Synchrony Financial by 62.1% in the 1st quarter. Los Angeles Capital Management LLC now owns 302,337 shares of the financial services provider’s stock valued at $13,037,000 after buying an additional 115,790 shares during the period. Finally, GAMMA Investing LLC increased its position in Synchrony Financial by 16.3% in the 1st quarter. GAMMA Investing LLC now owns 3,911 shares of the financial services provider’s stock valued at $169,000 after buying an additional 547 shares in the last quarter. 96.48% of the stock is currently owned by 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.