Synchrony Financial (NYSE:SYF) PT Raised to $42.00 at JPMorgan Chase & Co.

Synchrony Financial (NYSE:SYF - Get Free Report) had its price objective hoisted by equities research analysts at JPMorgan Chase & Co. from $39.00 to $42.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a "neutral" rating on the financial services provider's stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 1.92% from the company's current price.

Other equities research analysts also recently issued research reports about the stock. The Goldman Sachs Group raised their price objective on shares of Synchrony Financial from $35.00 to $40.00 and gave the stock a "buy" rating in a research note on Monday, December 18th. Bank of America upped their price objective on shares of Synchrony Financial from $41.00 to $43.00 and gave the company a "neutral" rating in a research report on Wednesday, March 6th. BMO Capital Markets downgraded Synchrony Financial from an "outperform" rating to a "market perform" rating and set a $40.00 target price on the stock. in a research report on Wednesday, January 10th. Morgan Stanley restated an "underweight" rating and set a $30.00 price target on shares of Synchrony Financial in a research note on Thursday, February 8th. Finally, Stephens raised their price objective on Synchrony Financial from $40.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Synchrony Financial has an average rating of "Hold" and a consensus target price of $40.31.

Synchrony Financial Stock Performance

SYF traded up $0.21 during trading on Wednesday, hitting $41.21. The stock had a trading volume of 3,910,069 shares, compared to its average volume of 4,513,338. The firm has a market cap of $16.77 billion, a PE ratio of 7.86, a P/E/G ratio of 1.01 and a beta of 1.61. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.21. Synchrony Financial has a 12 month low of $26.59 and a 12 month high of $43.83. The company has a 50 day simple moving average of $40.64 and a 200-day simple moving average of $35.53.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.10. Synchrony Financial had a return on equity of 17.37% and a net margin of 10.68%. The business had revenue of $5.55 billion for the quarter, compared to analyst estimates of $4.45 billion. During the same period in the previous year, the company posted $1.26 earnings per share. Analysts expect that Synchrony Financial will post 5.7 EPS for the current year.

Insider Transactions at Synchrony Financial

In other Synchrony Financial news, insider David P. Melito sold 7,283 shares of the business's stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $38.99, for a total value of $283,964.17. Following the transaction, the insider now owns 14,183 shares of the company's stock, valued at $552,995.17. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider David P. Melito sold 7,283 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $38.99, for a total value of $283,964.17. Following the transaction, the insider now owns 14,183 shares of the company's stock, valued at approximately $552,995.17. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Brian D. Doubles sold 134,696 shares of Synchrony Financial stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $41.26, for a total value of $5,557,556.96. Following the sale, the insider now directly owns 660,353 shares of the company's stock, valued at $27,246,164.78. The disclosure for this sale can be found here. Insiders have sold 148,158 shares of company stock valued at $6,106,106 in the last three months. 0.65% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Synchrony Financial

Large investors have recently bought and sold shares of the company. Quadrature Capital Ltd acquired a new position in Synchrony Financial in the fourth quarter valued at about $1,554,000. PNC Financial Services Group Inc. raised its holdings in Synchrony Financial by 21.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 58,603 shares of the financial services provider's stock worth $2,238,000 after buying an additional 10,242 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in Synchrony Financial by 8.2% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 11,872 shares of the financial services provider's stock valued at $453,000 after buying an additional 900 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in shares of Synchrony Financial during the fourth quarter worth $496,000. Finally, Wellington Management Group LLP raised its holdings in shares of Synchrony Financial by 18.5% during the fourth quarter. Wellington Management Group LLP now owns 65,514 shares of the financial services provider's stock worth $2,502,000 after acquiring an additional 10,207 shares during the period. Institutional investors own 96.48% of the company's stock.

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.