Wells Fargo & Company Lowers Synchrony Financial (NYSE:SYF) Price Target to $95.00

Synchrony Financial (NYSE:SYF) had its target price dropped by Wells Fargo & Company from $100.00 to $95.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target points to a potential upside of 32.74% from the company’s previous close.

A number of other research firms also recently weighed in on SYF. Robert W. Baird raised Synchrony Financial from a “neutral” rating to an “outperform” rating and set a $83.00 target price on the stock in a research report on Friday, February 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Synchrony Financial in a report on Wednesday, January 21st. Royal Bank Of Canada reduced their price objective on Synchrony Financial from $91.00 to $85.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 28th. Truist Financial decreased their price objective on Synchrony Financial from $84.00 to $71.00 and set a “hold” rating on the stock in a report on Monday, March 23rd. Finally, Barclays lowered their price objective on Synchrony Financial from $93.00 to $82.00 and set an “overweight” rating on the stock in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Synchrony Financial currently has a consensus rating of “Moderate Buy” and an average target price of $85.58.

Synchrony Financial Stock Performance

SYF stock traded down $0.40 on Thursday, reaching $71.57. 89,412 shares of the company were exchanged, compared to its average volume of 4,562,417. The firm has a market capitalization of $24.88 billion, a PE ratio of 7.73, a PEG ratio of 0.60 and a beta of 1.39. Synchrony Financial has a 12 month low of $44.43 and a 12 month high of $88.77. The stock’s fifty day moving average price is $69.48 and its 200 day moving average price is $74.50. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.24 and a quick ratio of 1.24.

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

Insider Buying and Selling

In other news, insider Brian J. Sr. Wenzel sold 47,112 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $67.16, for a total value of $3,164,041.92. Following the sale, the insider directly owned 64,221 shares in the company, valued at approximately $4,313,082.36. This represents a 42.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Darrell Owens sold 3,865 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $67.71, for a total value of $261,699.15. Following the transaction, the insider owned 17,432 shares of the company’s stock, valued at $1,180,320.72. This trade represents a 18.15% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 379,928 shares of company stock worth $26,170,764. Insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On Synchrony Financial

Several institutional investors and hedge funds have recently made changes to their positions in the company. Westside Investment Management Inc. lifted its holdings in Synchrony Financial by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 358 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 179 shares during the last quarter. FWL Investment Management LLC bought a new stake in Synchrony Financial during the third quarter worth about $26,000. Salomon & Ludwin LLC grew its stake 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 buying an additional 146 shares during the last quarter. Fideuram Asset Management Ireland dac acquired a new stake in shares of Synchrony Financial during the fourth quarter worth approximately $29,000. Finally, Advisors Asset Management Inc. bought a new position in shares of Synchrony Financial in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 96.48% of the company’s stock.

About Synchrony Financial

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.