Brokerages Set Synchrony Financial (NYSE:SYF) Target Price at $87.11

Synchrony Financial (NYSE:SYF) has earned a consensus recommendation of “Moderate Buy” from the twenty-one brokerages that are covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $87.1053.

A number of equities analysts recently issued reports on SYF shares. Keefe, Bruyette & Woods increased their target price on Synchrony Financial from $95.00 to $98.00 and gave the stock an “outperform” rating in a report on Friday, January 2nd. TD Cowen boosted their price target on shares of Synchrony Financial from $91.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Wells Fargo & Company upped their price objective on shares of Synchrony Financial from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Wolfe Research began coverage on shares of Synchrony Financial in a research note on Monday, December 8th. They issued an “outperform” rating and a $92.00 price objective on the stock. Finally, Truist Financial reduced their price objective on shares of Synchrony Financial from $92.00 to $84.00 and set a “hold” rating for the company in a report on Thursday, January 29th.

Synchrony Financial Stock Down 0.5%

SYF stock opened at $65.15 on Monday. The stock’s 50 day simple moving average is $74.96 and its 200 day simple moving average is $75.75. Synchrony Financial has a fifty-two week low of $40.54 and a fifty-two week high of $88.77. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market cap of $22.65 billion, a P/E ratio of 7.01, a price-to-earnings-growth ratio of 0.58 and a beta of 1.42.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.16. The business had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.84 billion. Synchrony Financial had a return on equity of 23.07% and a net margin of 15.72%.The company’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.91 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. On average, research analysts expect that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, February 6th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, February 6th. This represents a $1.20 dividend on an annualized basis and a yield of 1.8%. Synchrony Financial’s payout ratio is 12.92%.

Insider Buying and Selling at Synchrony Financial

In other news, insider Curtis Howse sold 52,556 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $72.32, for a total value of $3,800,849.92. Following the transaction, the insider owned 94,196 shares in the company, valued at $6,812,254.72. This trade represents a 35.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alberto Casellas sold 14,399 shares of Synchrony Financial stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $67.71, for a total value of $974,956.29. Following the transaction, the insider directly owned 50,331 shares in the company, valued at approximately $3,407,912.01. The trade was a 22.24% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 379,928 shares of company stock worth $26,170,764. 0.32% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Synchrony Financial

Several large investors have recently bought and sold shares of SYF. Westside Investment Management Inc. grew its stake in shares of Synchrony Financial by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 358 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 179 shares in the last quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna bought a new position in shares of Synchrony Financial during the second quarter valued at about $26,000. FWL Investment Management LLC purchased a new position in Synchrony Financial during the third quarter worth about $26,000. Salomon & Ludwin LLC boosted its holdings in Synchrony Financial by 54.9% during the third quarter. Salomon & Ludwin LLC now owns 412 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 146 shares during the last quarter. Finally, Fideuram Asset Management Ireland dac bought a new stake in Synchrony Financial in the 4th quarter worth about $29,000. 96.48% of the stock is currently owned by institutional investors.

Synchrony Financial Company Profile

Synchrony Financial (NYSE: SYF) is a consumer financial services company that specializes in providing point-of-sale financing and private-label, co-branded and branded credit card programs. The company serves as a payments and lending partner to retailers, digital merchants and service providers, offering consumer financing solutions designed to drive customer engagement and sales. Synchrony also operates a direct bank that offers deposit products, including savings accounts and certificates of deposit, which support its funding and customer-facing product suite.

Its core product set includes private-label and co-branded credit cards, general-purpose credit cards, installment loan programs and promotional financing options that are integrated into merchants’ checkout experiences.