Synchrony Financial (NYSE:SYF)‘s stock had its “hold” rating reaffirmed by research analysts at Oppenheimer Holdings, Inc. in a report issued on Tuesday.

SYF has been the subject of a number of other reports. Morgan Stanley lowered shares of Synchrony Financial from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $35.00 to $32.00 in a research note on Friday, September 8th. Bank of America Corporation lowered shares of Synchrony Financial from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $35.00 to $33.00 in a research note on Friday, October 6th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $39.00 target price on shares of Synchrony Financial in a research note on Thursday, October 12th. BMO Capital Markets reaffirmed a “buy” rating and issued a $40.00 target price on shares of Synchrony Financial in a research note on Friday, August 25th. Finally, BidaskClub raised shares of Synchrony Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Twelve investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Synchrony Financial currently has a consensus rating of “Buy” and a consensus target price of $36.63.

Synchrony Financial (NYSE:SYF) last announced its earnings results on Friday, October 20th. The financial services provider reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.06. The firm had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.78 billion. Synchrony Financial had a net margin of 13.17% and a return on equity of 14.84%. During the same period in the prior year, the business earned $0.73 EPS.

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In other Synchrony Financial news, insider Jonathan S. Mothner sold 1,500 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $32.82, for a total value of $49,230.00. Following the transaction, the insider now directly owns 113,934 shares of the company’s stock, valued at approximately $3,739,313.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan S. Mothner sold 1,000 shares of the stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $33.50, for a total transaction of $33,500.00. Following the completion of the transaction, the insider now directly owns 113,578 shares in the company, valued at $3,804,863. The disclosure for this sale can be found here. 0.03% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Synchrony Financial by 1.9% during the second quarter. Vanguard Group Inc. now owns 52,233,692 shares of the financial services provider’s stock worth $1,557,609,000 after purchasing an additional 956,331 shares during the period. FMR LLC increased its holdings in shares of Synchrony Financial by 27.1% during the second quarter. FMR LLC now owns 36,964,054 shares of the financial services provider’s stock worth $1,102,267,000 after purchasing an additional 7,874,689 shares during the period. Berkshire Hathaway Inc. bought a new position in shares of Synchrony Financial during the second quarter worth approximately $520,747,000. First Eagle Investment Management LLC increased its holdings in shares of Synchrony Financial by 1.2% during the second quarter. First Eagle Investment Management LLC now owns 17,303,205 shares of the financial services provider’s stock worth $515,982,000 after purchasing an additional 197,074 shares during the period. Finally, Boston Partners increased its holdings in shares of Synchrony Financial by 39.3% during the second quarter. Boston Partners now owns 12,891,959 shares of the financial services provider’s stock worth $384,439,000 after purchasing an additional 3,637,487 shares during the period. 88.46% of the stock is currently owned by institutional investors.

Synchrony Financial Company Profile

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.

Analyst Recommendations for Synchrony Financial (NYSE:SYF)

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