Synchrony Financial (NYSE:SYF) Price Target Raised to $86.00

Synchrony Financial (NYSE:SYF) had its price objective boosted by Robert W. Baird from $83.00 to $86.00 in a research note issued to investors on Wednesday,Benzinga reports. Robert W. Baird currently has an outperform rating on the financial services provider’s stock.

A number of other research analysts also recently weighed in on SYF. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Synchrony Financial in a research report on Monday. Compass Point raised shares of Synchrony Financial from a “neutral” rating to a “buy” rating and set a $96.00 target price for the company in a research report on Wednesday, January 28th. TD Cowen boosted their target price on shares of Synchrony Financial from $91.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Wall Street Zen downgraded shares of Synchrony Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Royal Bank Of Canada lowered their target price on shares of Synchrony Financial from $91.00 to $85.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Synchrony Financial presently has an average rating of “Moderate Buy” and a consensus target price of $86.32.

Synchrony Financial Stock Down 0.2%

Synchrony Financial stock opened at $76.48 on Wednesday. The company has a market cap of $26.58 billion, a P/E ratio of 7.91, a price-to-earnings-growth ratio of 0.67 and a beta of 1.39. Synchrony Financial has a 1-year low of $50.00 and a 1-year high of $88.77. The company has a fifty day simple moving average of $70.10 and a 200 day simple moving average of $74.76. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.08.

Synchrony Financial (NYSE:SYF) last released its earnings results on Tuesday, April 21st. The financial services provider reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.13. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.81 billion. Synchrony Financial had a net margin of 15.80% and a return on equity of 23.41%. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.89 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. Research analysts anticipate that Synchrony Financial will post 9.3 earnings per share for the current fiscal year.

Synchrony Financial declared that its board has approved a share buyback program on Tuesday, April 21st that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Synchrony Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, May 5th. Synchrony Financial’s payout ratio is 12.41%.

Insider Activity

In other Synchrony Financial news, insider Curtis Howse sold 52,556 shares of Synchrony Financial stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $72.32, for a total transaction of $3,800,849.92. Following the completion of the transaction, the insider directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Alberto Casellas sold 14,399 shares of Synchrony Financial stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $67.71, for a total transaction of $974,956.29. Following the transaction, the insider directly owned 50,331 shares of the company’s stock, valued at approximately $3,407,912.01. This trade represents a 22.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 379,928 shares of company stock valued at $26,170,764. 0.32% of the stock is owned by company insiders.

Hedge Funds Weigh In On Synchrony Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. boosted its position in shares of Synchrony Financial by 7.3% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,995 shares of the financial services provider’s stock valued at $166,000 after acquiring an additional 135 shares during the period. Colonial Trust Co SC boosted its position in shares of Synchrony Financial by 40.2% in the third quarter. Colonial Trust Co SC now owns 474 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 136 shares during the period. CoreCap Advisors LLC boosted its position in shares of Synchrony Financial by 34.4% in the fourth quarter. CoreCap Advisors LLC now owns 543 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 139 shares during the period. United Community Bank boosted its position in shares of Synchrony Financial by 3.4% in the third quarter. United Community Bank now owns 4,469 shares of the financial services provider’s stock valued at $318,000 after acquiring an additional 145 shares during the period. Finally, Choreo LLC boosted its position in shares of Synchrony Financial by 1.1% in the fourth quarter. Choreo LLC now owns 13,486 shares of the financial services provider’s stock valued at $1,137,000 after acquiring an additional 145 shares during the period. 96.48% of the stock is owned by institutional investors.

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.