Synchrony Financial (NYSE:SYF) Lowered to “Neutral” Rating by Compass Point

Synchrony Financial (NYSE:SYF) was downgraded by stock analysts at Compass Point from a “buy” rating to a “neutral” rating in a report issued on Tuesday,Briefing.com Automated Import reports. They presently have a $70.00 price objective on the financial services provider’s stock. Compass Point’s price objective suggests a potential upside of 4.98% from the company’s previous close.

A number of other analysts also recently issued reports on SYF. JPMorgan Chase & Co. raised shares of Synchrony Financial from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $59.00 to $72.00 in a report on Monday, December 9th. Truist Financial initiated coverage on shares of Synchrony Financial in a research note on Tuesday, January 7th. They set a “hold” rating and a $72.00 target price on the stock. Bank of America lifted their price target on Synchrony Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday. Morgan Stanley upgraded Synchrony Financial from an “underweight” rating to an “overweight” rating and increased their price target for the stock from $40.00 to $82.00 in a research report on Thursday, December 19th. Finally, Robert W. Baird set a $62.00 price objective on Synchrony Financial in a research report on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Synchrony Financial currently has an average rating of “Moderate Buy” and a consensus price target of $68.50.

Synchrony Financial Stock Performance

NYSE SYF traded down $3.18 on Tuesday, reaching $66.68. 8,106,248 shares of the company’s stock traded hands, compared to its average volume of 3,125,898. The stock has a 50 day moving average price of $66.87 and a 200-day moving average price of $57.01. The firm has a market cap of $25.96 billion, a price-to-earnings ratio of 8.70, a P/E/G ratio of 0.83 and a beta of 1.64. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.25 and a current ratio of 1.25. Synchrony Financial has a fifty-two week low of $37.91 and a fifty-two week high of $70.93.

Synchrony Financial (NYSE:SYF) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.02. Synchrony Financial had a return on equity of 16.64% and a net margin of 13.98%. Equities research analysts predict that Synchrony Financial will post 6.54 EPS for the current fiscal year.

Insider Activity at Synchrony Financial

In other Synchrony Financial news, insider Curtis Howse sold 21,934 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $55.13, for a total value of $1,209,221.42. Following the completion of the transaction, the insider now owns 99,743 shares of the company’s stock, valued at $5,498,831.59. This trade represents a 18.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jonathan S. Mothner sold 34,163 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $64.99, for a total value of $2,220,253.37. Following the sale, the insider now directly owns 127,587 shares in the company, valued at $8,291,879.13. This represents a 21.12 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by company insiders.

Institutional Trading of Synchrony Financial

Large investors have recently made changes to their positions in the company. Larson Financial Group LLC raised its stake in Synchrony Financial by 92.7% in the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock valued at $30,000 after buying an additional 292 shares in the last quarter. Y.D. More Investments Ltd boosted its holdings in 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 purchasing an additional 253 shares in the last quarter. Quarry LP increased its stake in Synchrony Financial by 301.3% in the third quarter. Quarry LP now owns 899 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 675 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Synchrony Financial during the third quarter worth approximately $50,000. Finally, Raleigh Capital Management Inc. lifted its position in shares of Synchrony Financial by 151.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider’s stock worth $52,000 after buying an additional 486 shares during the last quarter. 96.48% of the stock is currently owned by hedge funds and other institutional investors.

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.