Credit Suisse Group AG set a $37.00 price objective on Synchrony Financial (NYSE:SYF) in a research report report published on Thursday. The brokerage currently has a a buy rating on the stock.

Other analysts have also recently issued reports about the stock. Jefferies Group restated a buy rating on shares of Synchrony Financial in a report on Sunday, May 29th. Deutsche Bank AG restated a buy rating on shares of Synchrony Financial in a report on Sunday, June 26th. JPMorgan Chase & Co. restated a buy rating on shares of Synchrony Financial in a report on Saturday, July 9th. JMP Securities restated a buy rating on shares of Synchrony Financial in a report on Saturday, July 9th. Finally, Nomura restated a buy rating on shares of Synchrony Financial in a report on Saturday, July 9th. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Synchrony Financial has an average rating of Buy and an average target price of $40.36.

Shares of Synchrony Financial (NYSE:SYF) traded up 0.25% during mid-day trading on Thursday, reaching $27.55. 2,523,433 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $27.39 and its 200-day moving average price is $28.32. Synchrony Financial has a one year low of $23.25 and a one year high of $34.60. The company has a market capitalization of $22.97 billion, a PE ratio of 10.52 and a beta of 0.92.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings results on Friday, July 22nd. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Synchrony Financial had a net margin of 15.63% and a return on equity of 16.97%. During the same period in the previous year, the company posted $0.65 EPS. On average, equities analysts expect that Synchrony Financial will post $2.63 earnings per share for the current year.

The company also recently announced a special dividend, which was paid on Thursday, August 25th. Stockholders of record on Friday, August 12th were issued a dividend of $0.13 per share. The ex-dividend date was Wednesday, August 10th. Synchrony Financial’s dividend payout ratio (DPR) is 19.85%.

Several institutional investors have recently bought and sold shares of SYF. First Eagle Investment Management LLC raised its stake in shares of Synchrony Financial by 39.9% in the second quarter. First Eagle Investment Management LLC now owns 16,251,075 shares of the company’s stock valued at $410,827,000 after buying an additional 4,635,480 shares during the last quarter. CI Investments Inc. raised its stake in shares of Synchrony Financial by 170.2% in the second quarter. CI Investments Inc. now owns 6,698,178 shares of the company’s stock valued at $169,330,000 after buying an additional 4,219,374 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of Synchrony Financial during the second quarter valued at approximately $106,254,000. Senator Investment Group LP raised its stake in shares of Synchrony Financial by 46.7% in the second quarter. Senator Investment Group LP now owns 11,000,000 shares of the company’s stock valued at $278,080,000 after buying an additional 3,500,000 shares during the last quarter. Finally, Janus Capital Management LLC raised its stake in shares of Synchrony Financial by 13.6% in the second quarter. Janus Capital Management LLC now owns 27,841,462 shares of the company’s stock valued at $703,816,000 after buying an additional 3,336,585 shares during the last quarter. 88.04% 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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