Today: Today, Synchrony Financial (SYF) gets “Hold” status at Vetr Inc.

Today, Synchrony Financial (SYF) gets “Hold” status at Vetr Inc.

Vetr downgraded shares of Synchrony Financial (NYSE:SYF) from a buy rating to a hold rating in a research note released on Thursday. Vetr currently has $36.22 price target on the stock.

Other equities research analysts also recently issued research reports about the company. BTIG Research set a $42.00 price objective on Synchrony Financial and gave the company a buy rating in a report on Sunday, October 23rd. Zacks Investment Research downgraded Synchrony Financial from a buy rating to a hold rating in a report on Wednesday. Barclays PLC set a $41.00 price objective on Synchrony Financial and gave the company a buy rating in a report on Monday. Compass Point began coverage on Synchrony Financial in a report on Friday, November 4th. They issued a buy rating and a $34.00 price objective on the stock. Finally, TheStreet upgraded Synchrony Financial from a hold rating to a buy rating in a report on Monday, November 7th. Three equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $39.83.

Shares of Synchrony Financial (NYSE:SYF) opened at 34.96 on Thursday. The firm has a 50-day moving average price of $29.37 and a 200-day moving average price of $28.30. The stock has a market capitalization of $28.86 billion, a PE ratio of 13.14 and a beta of 0.89. Synchrony Financial has a 1-year low of $23.25 and a 1-year high of $35.02.

Synchrony Financial (NYSE:SYF) last posted its earnings results on Friday, October 21st. The company reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.04. Synchrony Financial had a return on equity of 16.61% and a net margin of 15.40%. During the same period in the prior year, the company earned $0.69 EPS. On average, equities research analysts forecast that Synchrony Financial will post $2.68 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 17th. Shareholders of record on Monday, November 7th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.49%. The ex-dividend date was Thursday, November 3rd. Synchrony Financial’s dividend payout ratio is presently 19.55%.

In other Synchrony Financial news, insider David P. Melito sold 2,159 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $33.54, for a total transaction of $72,412.86. Following the completion of the sale, the insider now directly owns 40,863 shares of the company’s stock, valued at approximately $1,370,545.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Margaret M. Keane sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $30.00, for a total value of $60,000.00. Following the sale, the insider now directly owns 361,206 shares of the company’s stock, valued at $10,836,180. The disclosure for this sale can be found here. Company insiders own 0.02% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Carnick & Kubik Group LLC bought a new stake in Synchrony Financial during the second quarter valued at approximately $1,025,000. Highlander Capital Management LLC increased its stake in Synchrony Financial by 801.4% in the second quarter. Highlander Capital Management LLC now owns 40,492 shares of the company’s stock valued at $1,024,000 after buying an additional 36,000 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in Synchrony Financial by 13.1% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,831,484 shares of the company’s stock valued at $46,300,000 after buying an additional 212,828 shares in the last quarter. Douglas Lane & Associates LLC increased its stake in Synchrony Financial by 9.0% in the second quarter. Douglas Lane & Associates LLC now owns 1,694,556 shares of the company’s stock valued at $42,838,000 after buying an additional 140,264 shares in the last quarter. Finally, Herndon Capital Management LLC increased its stake in Synchrony Financial by 81.9% in the second quarter. Herndon Capital Management LLC now owns 2,483,013 shares of the company’s stock valued at $62,769,000 after buying an additional 1,118,108 shares in the last quarter. 88.24% of the stock is owned by hedge funds and other institutional investors.

About Synchrony Financial

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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