Barclays Cuts Synchrony Financial (NYSE:SYF) Price Target to $82.00

Synchrony Financial (NYSE:SYF) had its price objective reduced by research analysts at Barclays from $93.00 to $82.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price target indicates a potential upside of 19.24% from the company’s previous close.

A number of other research analysts also recently issued reports on SYF. Compass Point raised Synchrony Financial from a “neutral” rating to a “buy” rating and set a $96.00 price target on the stock in a report on Wednesday, January 28th. Wolfe Research assumed coverage on Synchrony Financial in a research report on Monday, December 8th. They issued an “outperform” rating and a $92.00 target price for the company. Wall Street Zen downgraded shares of Synchrony Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Synchrony Financial in a research note on Wednesday, January 21st. Finally, TD Cowen boosted their price objective on shares of Synchrony Financial from $91.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, January 8th. One equities research 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $85.84.

Synchrony Financial Stock Up 0.5%

Shares of SYF traded up $0.35 on Monday, hitting $68.77. 463,602 shares of the stock traded hands, compared to its average volume of 4,613,924. Synchrony Financial has a one year low of $40.54 and a one year high of $88.77. The company has a market capitalization of $23.90 billion, a PE ratio of 7.40, a P/E/G ratio of 0.60 and a beta of 1.39. The business has a 50 day simple moving average of $69.75 and a 200 day simple moving average of $74.62. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.24 and a current ratio of 1.24.

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

Insider Activity

In other Synchrony Financial news, insider Darrell Owens sold 3,865 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $67.71, for a total value of $261,699.15. Following the completion of the sale, the insider owned 17,432 shares in the company, valued at $1,180,320.72. This represents a 18.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Brian J. Sr. Wenzel sold 47,112 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider directly owned 64,221 shares in the company, valued at $4,313,082.36. This trade represents a 42.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 379,928 shares of company stock worth $26,170,764. Company insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On Synchrony Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Westside Investment Management Inc. lifted its holdings in Synchrony Financial by 100.0% during the third 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 in the last quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna purchased a new stake in shares of Synchrony Financial in the second quarter worth $26,000. FWL Investment Management LLC purchased a new stake in shares of Synchrony Financial in the third quarter worth $26,000. Salomon & Ludwin LLC raised its position in shares of Synchrony Financial by 54.9% during the 3rd quarter. Salomon & Ludwin LLC now owns 412 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 146 shares during the period. Finally, Fideuram Asset Management Ireland dac bought a new stake in shares of Synchrony Financial during the 4th quarter valued at $29,000. 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.