Synchrony Financial (NYSE:SYF) Price Target Raised to $80.00 at JPMorgan Chase & Co.

Synchrony Financial (NYSE:SYF - Get Free Report) had its price objective boosted by analysts at JPMorgan Chase & Co. from $52.00 to $80.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an "overweight" rating on the financial services provider's stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 12.88% from the stock's previous close.

SYF has been the subject of a number of other reports. Evercore ISI reduced their target price on shares of Synchrony Financial from $64.00 to $56.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. The Goldman Sachs Group upped their price target on shares of Synchrony Financial from $70.00 to $78.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Morgan Stanley upped their price target on shares of Synchrony Financial from $48.00 to $70.00 and gave the company an "equal weight" rating in a research note on Thursday. Wells Fargo & Company upped their price target on shares of Synchrony Financial from $65.00 to $75.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Finally, Wall Street Zen upgraded shares of Synchrony Financial from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $69.00.

Synchrony Financial Stock Down 0.4%

SYF stock traded down $0.27 during trading on Friday, reaching $70.87. The stock had a trading volume of 1,017,457 shares, compared to its average volume of 3,862,487. Synchrony Financial has a one year low of $40.55 and a one year high of $71.88. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.11. The company's 50 day moving average is $61.32 and its two-hundred day moving average is $59.69. The company has a market capitalization of $26.98 billion, a price-to-earnings ratio of 9.71, a P/E/G ratio of 0.73 and a beta of 1.46.

Synchrony Financial (NYSE:SYF - Get Free Report) last released its earnings results on Tuesday, April 22nd. The financial services provider reported $1.89 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $0.26. Synchrony Financial had a net margin of 13.00% and a return on equity of 19.68%. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.80 billion. Equities research analysts forecast that Synchrony Financial will post 7.67 EPS for the current year.

Insider Transactions at Synchrony Financial

In related news, insider Jonathan S. Mothner sold 40,639 shares of Synchrony Financial stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $60.07, for a total transaction of $2,441,184.73. Following the completion of the transaction, the insider directly owned 146,628 shares of the company's stock, valued at $8,807,943.96. This trade represents a 21.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Curtis Howse sold 11,380 shares of Synchrony Financial stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $65.00, for a total transaction of $739,700.00. Following the completion of the transaction, the insider directly owned 108,062 shares of the company's stock, valued at $7,024,030. This trade represents a 9.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.32% of the company's stock.

Institutional Trading of Synchrony Financial

Several large investors have recently added to or reduced their stakes in the business. TCTC Holdings LLC bought a new position in shares of Synchrony Financial in the fourth quarter worth approximately $27,000. Zions Bancorporation National Association UT bought a new position in shares of Synchrony Financial during the first quarter worth $30,000. Geneos Wealth Management Inc. boosted its position in shares of Synchrony Financial by 337.0% during the first quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider's stock worth $31,000 after acquiring an additional 455 shares during the last quarter. MAI Capital Management boosted its position in shares of Synchrony Financial by 36.3% during the first quarter. MAI Capital Management now owns 627 shares of the financial services provider's stock worth $33,000 after acquiring an additional 167 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Synchrony Financial during the first quarter worth $34,000. 96.48% of the stock is currently owned by 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.

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