Synchrony Financial (NYSE:SYF) Rating Increased to Outperform at Robert W. Baird

Synchrony Financial (NYSE:SYF) was upgraded by equities research analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a report issued on Friday,Benzinga reports. The brokerage presently has a $83.00 target price on the financial services provider’s stock. Robert W. Baird’s price target would indicate a potential upside of 16.74% from the company’s previous close.

SYF has been the topic of a number of other research reports. Wall Street Zen lowered Synchrony Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Truist Financial reduced their target price on shares of Synchrony Financial from $92.00 to $84.00 and set a “hold” rating for the company in a research report on Thursday, January 29th. Compass Point raised shares of Synchrony Financial from a “neutral” rating to a “buy” rating and set a $96.00 price target on the stock in a research note on Wednesday, January 28th. Wells Fargo & Company boosted their price target on shares of Synchrony Financial from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. Finally, Wolfe Research assumed coverage on shares of Synchrony Financial in a research note on Monday, December 8th. They set an “outperform” rating and a $92.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Synchrony Financial has a consensus rating of “Moderate Buy” and an average price target of $87.11.

Synchrony Financial Trading Down 2.5%

Shares of Synchrony Financial stock opened at $71.10 on Friday. The firm has a market capitalization of $24.71 billion, a PE ratio of 7.65, a P/E/G ratio of 0.51 and a beta of 1.43. Synchrony Financial has a twelve month low of $40.54 and a twelve month high of $88.77. The firm’s 50-day moving average price is $80.25 and its 200 day moving average price is $75.83. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.98.

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

Insider Transactions at Synchrony Financial

In other news, insider Jonathan S. Mothner sold 32,000 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $72.80, for a total transaction of $2,329,600.00. Following the completion of the sale, the insider owned 127,100 shares in the company, valued at $9,252,880. This trade represents a 20.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Curtis Howse sold 52,556 shares of the 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 completion of the transaction, the insider owned 94,196 shares of the company’s stock, valued at $6,812,254.72. The trade was a 35.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 88,556 shares of company stock worth $6,419,730 in the last 90 days. Insiders own 0.32% of the company’s stock.

Institutional Trading of Synchrony Financial

Several institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC increased its position in shares of Synchrony Financial by 8.9% during the first quarter. NewEdge Advisors LLC now owns 8,302 shares of the financial services provider’s stock valued at $439,000 after acquiring an additional 679 shares during the last quarter. Woodline Partners LP boosted its position in shares of Synchrony Financial by 36.2% during the 1st quarter. Woodline Partners LP now owns 35,582 shares of the financial services provider’s stock worth $1,884,000 after purchasing an additional 9,460 shares during the period. Focus Partners Wealth increased its holdings in Synchrony Financial by 7.7% in the 1st quarter. Focus Partners Wealth now owns 6,406 shares of the financial services provider’s stock valued at $339,000 after purchasing an additional 459 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in Synchrony Financial by 337.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 455 shares during the last quarter. Finally, Sivia Capital Partners LLC raised its position in Synchrony Financial by 56.1% in the second quarter. Sivia Capital Partners LLC now owns 6,062 shares of the financial services provider’s stock valued at $405,000 after purchasing an additional 2,178 shares during the period. 96.48% of the stock is currently owned by hedge funds and other 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.