ValuEngine lowered shares of Synchrony Financial (NYSE:SYF) from a buy rating to a hold rating in a research note issued to investors on Monday morning.
A number of other research analysts have also weighed in on the company. Bank of America upgraded Synchrony Financial from a neutral rating to a buy rating in a report on Monday, December 18th. BTIG Research restated a buy rating and issued a $44.00 target price on shares of Synchrony Financial in a report on Sunday, December 17th. Barclays set a $53.00 target price on Synchrony Financial and gave the company a buy rating in a report on Monday, January 22nd. Wells Fargo raised Synchrony Financial from a market perform rating to an outperform rating and set a $35.00 price target for the company in a research report on Tuesday, January 9th. Finally, Oppenheimer reaffirmed a hold rating on shares of Synchrony Financial in a research report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $38.10.
SYF stock opened at $34.13 on Monday. Synchrony Financial has a twelve month low of $26.01 and a twelve month high of $40.59. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market capitalization of $25,778.96, a PE ratio of 13.28, a P/E/G ratio of 1.31 and a beta of 1.12.
In other Synchrony Financial news, insider Margaret M. Keane sold 13,138 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $36.70, for a total value of $482,164.60. Following the completion of the sale, the insider now directly owns 440,169 shares of the company’s stock, valued at $16,154,202.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas M. Quindlen sold 10,712 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $36.73, for a total value of $393,451.76. The disclosure for this sale can be found here. Insiders sold 25,850 shares of company stock valued at $955,616 over the last three months. Company insiders own 0.03% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in SYF. New York State Common Retirement Fund boosted its holdings in shares of Synchrony Financial by 1.4% in the third quarter. New York State Common Retirement Fund now owns 1,968,188 shares of the financial services provider’s stock worth $61,112,000 after acquiring an additional 27,000 shares during the period. Trexquant Investment LP bought a new position in shares of Synchrony Financial in the third quarter worth $375,000. WINTON GROUP Ltd boosted its holdings in shares of Synchrony Financial by 14.2% in the third quarter. WINTON GROUP Ltd now owns 16,898 shares of the financial services provider’s stock worth $525,000 after acquiring an additional 2,099 shares during the period. BB&T Securities LLC boosted its holdings in shares of Synchrony Financial by 150.6% in the third quarter. BB&T Securities LLC now owns 45,346 shares of the financial services provider’s stock worth $1,407,000 after acquiring an additional 27,253 shares during the period. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Synchrony Financial by 589.9% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 118,549 shares of the financial services provider’s stock worth $3,681,000 after acquiring an additional 101,365 shares during the period. 88.66% of the stock is owned by institutional investors and hedge funds.
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Synchrony Financial Company Profile
Synchrony Financial is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.
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