Truist Financial Cuts Synchrony Financial (NYSE:SYF) Price Target to $84.00

Synchrony Financial (NYSE:SYF) had its price target cut by Truist Financial from $92.00 to $84.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a hold rating on the financial services provider’s stock.

Other research analysts also recently issued reports about the company. TD Cowen raised their price objective on Synchrony Financial from $91.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Robert W. Baird lowered shares of Synchrony Financial from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. Hsbc Global Res upgraded shares of Synchrony Financial from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 9th. JPMorgan Chase & Co. lowered their target price on shares of Synchrony Financial from $86.00 to $84.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Wall Street Zen raised shares of Synchrony Financial from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Synchrony Financial has an average rating of “Moderate Buy” and a consensus target price of $87.05.

Synchrony Financial Stock Down 1.0%

SYF stock opened at $72.63 on Thursday. 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 has a 1 year low of $40.54 and a 1 year high of $88.77. The company has a fifty day simple moving average of $80.96 and a 200 day simple moving average of $75.69. The firm has a market cap of $26.16 billion, a PE ratio of 7.82, a PEG ratio of 0.51 and a beta of 1.43.

Synchrony Financial (NYSE:SYF) last posted its earnings results on Tuesday, January 27th. The financial services provider reported $2.18 EPS for the quarter, topping the consensus estimate of $2.02 by $0.16. Synchrony Financial had a net margin of 15.72% and a return on equity of 23.07%. The firm had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.84 billion. During the same period in the prior year, the business posted $1.91 earnings per share. The business’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. Sell-side analysts anticipate that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial announced that its board has authorized a stock buyback plan on Wednesday, October 15th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to reacquire up to 3.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Synchrony Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Friday, February 6th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.7%. Synchrony Financial’s dividend payout ratio is currently 12.92%.

Insider Transactions at Synchrony Financial

In other news, insider Darrell Owens sold 2,989 shares of Synchrony Financial stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $74.02, for a total transaction of $221,245.78. Following the sale, the insider owned 16,096 shares of the company’s stock, valued at approximately $1,191,425.92. This trade represents a 15.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jonathan S. Mothner sold 32,000 shares of the business’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 value of $2,329,600.00. Following the sale, the insider owned 127,100 shares in the company, valued at approximately $9,252,880. This represents a 20.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 55,075 shares of company stock valued at $4,036,892 in the last ninety days. 0.32% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Synchrony Financial

Institutional investors have recently bought and sold shares of the business. Westside Investment Management Inc. lifted its holdings in shares of Synchrony Financial by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 358 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 179 shares during the period. FWL Investment Management LLC acquired a new position in Synchrony Financial in the third quarter worth about $26,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna bought a new position in Synchrony Financial during the second quarter worth about $26,000. Palisade Asset Management LLC acquired a new stake in Synchrony Financial during the third quarter valued at approximately $29,000. Finally, Salomon & Ludwin LLC grew its stake in shares of Synchrony Financial by 54.9% in 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. Institutional investors and hedge funds 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.