Deutsche Bank Aktiengesellschaft Raises Synchrony Financial (NYSE:SYF) Price Target to $68.00

Synchrony Financial (NYSE:SYF) had its target price raised 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.

SYF has been the subject of several other research reports. Baird R W raised shares of Synchrony Financial to a “strong-buy” rating in a report on Friday, June 28th. BMO Capital Markets reduced their price objective on Synchrony Financial from $42.00 to $41.00 and set a “market perform” rating for the company in a research note on Thursday, July 18th. Barclays upped their target price on Synchrony Financial from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 18th. Bank of America upgraded Synchrony Financial from a “neutral” rating to a “buy” rating and set a $54.00 price target for the company in a research report on Friday, August 9th. Finally, Compass Point upped their price objective on Synchrony Financial from $56.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company 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. The business has a fifty day moving average of $49.43 and a 200 day moving average of $46.64. Synchrony Financial has a 1 year low of $27.30 and a 1 year high of $57.26. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.23 and a quick ratio of 1.23. The firm has a market capitalization of $22.30 billion, a price-to-earnings ratio of 7.84, a price-to-earnings-growth ratio of 1.26 and a beta of 1.61.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.17. The firm had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Synchrony Financial had a return on equity of 16.06% and a net margin of 13.52%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the business posted $1.48 earnings per share. As a group, research analysts expect that Synchrony Financial will post 5.81 earnings per share for the current year.

Synchrony Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 5th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend was Monday, August 5th. Synchrony Financial’s dividend payout ratio (DPR) is 13.89%.

Insider Buying and Selling at Synchrony Financial

In other news, 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 transaction of $47,281.20. Following the sale, the insider now owns 49,390 shares of the company’s stock, valued at approximately $2,510,987.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Bart Schaller sold 930 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $50.84, for a total transaction of $47,281.20. Following the sale, the insider now directly owns 49,390 shares of the company’s stock, valued at $2,510,987.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian J. Sr. Wenzel sold 74,698 shares of the stock in a transaction that occurred on 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 sale, the insider now owns 76,251 shares in the company, valued at approximately $3,563,209.23. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Synchrony Financial

Several large investors have recently bought and sold shares of SYF. Boston Partners increased its stake in shares of Synchrony Financial by 66.6% during the first quarter. Boston Partners now owns 6,374,260 shares of the financial services provider’s stock worth $274,892,000 after buying an additional 2,548,180 shares during the period. Los Angeles Capital Management LLC increased its position in shares of Synchrony Financial by 402.8% in the 2nd quarter. Los Angeles Capital Management LLC now owns 1,520,209 shares of the financial services provider’s stock valued at $71,739,000 after purchasing an additional 1,217,872 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Synchrony Financial by 14.6% in the 2nd quarter. AQR Capital Management LLC now owns 5,726,704 shares of the financial services provider’s stock valued at $264,917,000 after purchasing an additional 727,649 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Synchrony Financial by 33.5% during the 1st quarter. Nordea Investment Management AB now owns 2,685,598 shares of the financial services provider’s stock worth $115,266,000 after purchasing an additional 674,366 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of Synchrony Financial by 400.2% during the second quarter. Acadian Asset Management LLC now owns 842,539 shares of the financial services provider’s stock worth $39,751,000 after purchasing an additional 674,093 shares in the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

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.