Synchrony Financial (NYSE:SYF) Price Target Raised to $86.00 at Keefe, Bruyette & Woods

Synchrony Financial (NYSE:SYF) had its target price upped by Keefe, Bruyette & Woods from $82.00 to $86.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

A number of other equities analysts also recently commented on the company. Royal Bank Of Canada lifted their price objective on Synchrony Financial from $75.00 to $78.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 23rd. JMP Securities boosted their price target on shares of Synchrony Financial from $77.00 to $88.00 and gave the company a “market outperform” rating in a research report on Thursday, September 25th. Rothschild & Co Redburn began coverage on shares of Synchrony Financial in a research report on Friday, August 1st. They set a “neutral” rating and a $72.00 price objective for the company. Truist Financial boosted their target price on shares of Synchrony Financial from $68.00 to $76.00 and gave the company a “hold” rating in a report on Thursday, July 24th. Finally, Wall Street Zen upgraded shares of Synchrony Financial from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. Twelve analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.68.

Synchrony Financial Price Performance

Synchrony Financial stock opened at $69.82 on Wednesday. The company has a fifty day simple moving average of $73.27 and a 200-day simple moving average of $63.29. The firm has a market capitalization of $25.98 billion, a price-to-earnings ratio of 8.47, a PEG ratio of 0.71 and a beta of 1.51. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.02. Synchrony Financial has a 52-week low of $40.54 and a 52-week high of $77.41.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.78. The firm had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.71 billion. Synchrony Financial had a net margin of 14.43% and a return on equity of 21.34%. Synchrony Financial’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.55 earnings per share. Synchrony Financial has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, August 5th. This represents a $1.20 dividend on an annualized basis and a yield of 1.7%. Synchrony Financial’s dividend payout ratio is 14.56%.

Insider Activity

In related news, insider Darrell Owens sold 600 shares of the business’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $67.95, for a total transaction of $40,770.00. Following the completion of the transaction, the insider directly owned 21,372 shares of the company’s stock, valued at $1,452,227.40. The trade was a 2.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brian J. Sr. Wenzel sold 8,514 shares of the company’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $70.00, for a total value of $595,980.00. Following the sale, the insider owned 68,588 shares in the company, valued at approximately $4,801,160. This trade represents a 11.04% decrease in their position. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust grew its holdings in Synchrony Financial by 15.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,106 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 145 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Synchrony Financial by 3.1% in the second quarter. Smartleaf Asset Management LLC now owns 5,027 shares of the financial services provider’s stock valued at $333,000 after buying an additional 149 shares during the last quarter. Blue Trust Inc. lifted its holdings in Synchrony Financial by 5.5% during the 2nd quarter. Blue Trust Inc. now owns 3,168 shares of the financial services provider’s stock worth $211,000 after buying an additional 166 shares during the last quarter. MAI Capital Management boosted its position in shares of Synchrony Financial by 36.3% during the 1st quarter. MAI Capital Management now owns 627 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 167 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Synchrony Financial by 6.0% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,240 shares of the financial services provider’s stock valued at $216,000 after acquiring an additional 183 shares during the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

About Synchrony Financial

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts, and sweep and affinity deposits, as well as accepts deposits through third-party securities brokerage firms.