Royal Bank Of Canada Cuts Synchrony Financial (NYSE:SYF) Price Target to $80.00

Synchrony Financial (NYSE:SYF) had its price target trimmed by Royal Bank Of Canada from $85.00 to $80.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a sector perform rating on the financial services provider’s stock.

A number of other research firms have also recently issued reports on SYF. UBS Group lifted their target price on Synchrony Financial from $77.00 to $84.00 and gave the company a “neutral” rating in a research report on Tuesday, July 7th. JPMorgan Chase & Co. dropped their target price on shares of Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating for the company in a report on Monday, July 13th. TD Cowen raised their price target on shares of Synchrony Financial from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Truist Financial lifted their price target on shares of Synchrony Financial from $71.00 to $82.00 and gave the company a “hold” rating in a report on Thursday, April 23rd. Finally, HSBC increased their price objective on shares of Synchrony Financial from $93.00 to $97.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Twelve analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.89.

Synchrony Financial Stock Up 1.5%

Shares of SYF opened at $72.88 on Wednesday. Synchrony Financial has a one year low of $63.08 and a one year high of $88.77. The company has a market cap of $24.51 billion, a P/E ratio of 7.47, a P/E/G ratio of 0.67 and a beta of 1.32. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.22 and a quick ratio of 1.24. The firm has a 50 day simple moving average of $73.30 and a two-hundred day simple moving average of $73.06.

Synchrony Financial (NYSE:SYF) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.45. Synchrony Financial had a return on equity of 23.09% and a net margin of 15.44%.The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter last year, the business posted $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Research analysts forecast that Synchrony Financial will post 9.35 EPS for the current fiscal year.

Synchrony Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Wednesday, August 5th will be paid a $0.34 dividend. This is an increase from Synchrony Financial’s previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, August 5th. Synchrony Financial’s payout ratio is currently 12.30%.

Synchrony Financial declared that its board has initiated a stock buyback plan on Tuesday, April 21st that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, insider Jonathan S. Mothner sold 51,258 shares of Synchrony Financial stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $71.23, for a total transaction of $3,651,107.34. Following the sale, the insider directly owned 132,664 shares in the company, valued at $9,449,656.72. This trade represents a 27.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.36% of the stock is currently owned by corporate insiders.

Institutional Trading of Synchrony Financial

Several institutional investors have recently modified their holdings of the business. FWL Investment Management LLC acquired a new position in Synchrony Financial during the 3rd quarter worth about $26,000. Fideuram Asset Management Ireland dac bought a new stake in Synchrony Financial in the fourth quarter valued at approximately $29,000. Advisors Asset Management Inc. acquired a new stake in Synchrony Financial during the 4th quarter valued at approximately $29,000. Palisade Asset Management LLC bought a new position in Synchrony Financial during the 3rd quarter worth approximately $29,000. Finally, Reflection Asset Management acquired a new position in shares of Synchrony Financial in the 4th quarter worth approximately $31,000. Institutional investors own 96.48% of the company’s stock.

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.