Synchrony Financial (NYSE:SYF) Downgraded by StockNews.com to Hold

StockNews.com lowered shares of Synchrony Financial (NYSE:SYF) from a buy rating to a hold rating in a report released on Monday.

Several other equities research analysts have also recently weighed in on SYF. The Goldman Sachs Group reduced their price objective on Synchrony Financial from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, March 18th. Keefe, Bruyette & Woods raised their price target 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. JPMorgan Chase & Co. raised shares of Synchrony Financial from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $59.00 to $72.00 in a research report on Monday, December 9th. Truist Financial decreased their target price on Synchrony Financial from $77.00 to $65.00 and set a “hold” rating on the stock in a research report on Friday. Finally, Wells Fargo & Company raised Synchrony Financial from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $60.00 to $85.00 in a report on Tuesday, December 3rd. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $68.10.

Synchrony Financial Stock Performance

NYSE:SYF opened at $55.83 on Monday. The firm has a market capitalization of $21.70 billion, a PE ratio of 6.54, a PEG ratio of 0.71 and a beta of 1.67. Synchrony Financial has a 1 year low of $39.67 and a 1 year high of $70.93. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.01. The firm’s fifty day simple moving average is $62.23 and its 200 day simple moving average is $60.41.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.02. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. On average, sell-side analysts anticipate that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Monday, February 3rd. Synchrony Financial’s payout ratio is 11.71%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Bogart Wealth LLC acquired a new stake in Synchrony Financial during the 4th quarter valued at $26,000. TCTC Holdings LLC acquired a new stake in shares of Synchrony Financial in the fourth quarter valued at $27,000. Y.D. More Investments Ltd increased its stake in shares of Synchrony Financial by 111.5% in the fourth quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider’s stock valued at $31,000 after buying an additional 253 shares in the last quarter. Accredited Wealth Management LLC bought a new position in shares of Synchrony Financial in the fourth quarter valued at about $38,000. Finally, Larson Financial Group LLC lifted its position in Synchrony Financial by 92.7% during the 3rd quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock worth $30,000 after buying an additional 292 shares in the last quarter. 96.48% of the stock is owned by institutional investors and hedge funds.

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.