Synchrony Financial (NYSE:SYF) Price Target Raised to $90.00

Synchrony Financial (NYSE:SYF) had its target price increased by Wolfe Research from $85.00 to $90.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

A number of other analysts have also recently issued reports on the stock. TD Cowen lifted their target price 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. Wells Fargo & Company decreased their target price on shares of Synchrony Financial from $95.00 to $88.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Loop Capital assumed coverage on shares of Synchrony Financial in a research note on Friday, May 22nd. They set a “hold” rating and a $81.00 price target on the stock. JPMorgan Chase & Co. cut their price target on shares of Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating on the stock in a report on Monday, July 13th. Finally, Robert W. Baird lifted their price objective on shares of Synchrony Financial from $86.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Twelve analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Synchrony Financial has a consensus rating of “Moderate Buy” and an average target price of $87.78.

Synchrony Financial Stock Up 0.2%

SYF opened at $79.98 on Tuesday. Synchrony Financial has a fifty-two week low of $63.08 and a fifty-two week high of $88.77. The business has a 50-day moving average of $76.58 and a 200-day moving average of $73.08. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market capitalization of $26.02 billion, a PE ratio of 8.19, a price-to-earnings-growth ratio of 0.73 and a beta of 1.32.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.59 EPS for the quarter, beating the consensus estimate of $2.14 by $0.45. Synchrony Financial had a return on equity of 23.09% and a net margin of 15.44%.The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the previous year, the business posted $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Equities research analysts forecast that Synchrony Financial will post 9.39 EPS for the current fiscal year.

Synchrony Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Wednesday, August 5th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.7%. This is a boost from Synchrony Financial’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, August 5th. Synchrony Financial’s dividend payout ratio is 13.93%.

Hedge Funds Weigh In On Synchrony Financial

Institutional investors have recently modified their holdings of the company. KTF Investments LLC acquired a new position in shares of Synchrony Financial during the 4th quarter worth about $3,923,000. Assenagon Asset Management S.A. boosted its stake in Synchrony Financial by 959.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 545,880 shares of the financial services provider’s stock valued at $37,131,000 after purchasing an additional 494,354 shares during the period. Basswood Capital Management L.L.C. acquired a new stake in Synchrony Financial in the 2nd quarter valued at approximately $45,734,000. Jefferies Financial Group Inc. grew its holdings in Synchrony Financial by 701.9% in the 4th quarter. Jefferies Financial Group Inc. now owns 120,996 shares of the financial services provider’s stock valued at $10,095,000 after buying an additional 105,907 shares during the last quarter. Finally, Forsta AP Fonden grew its holdings in Synchrony Financial by 7.7% in the 4th quarter. Forsta AP Fonden now owns 228,900 shares of the financial services provider’s stock valued at $19,097,000 after buying an additional 16,400 shares during the last quarter. 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.