Synchrony Financial (NYSE:SYF) Earns “Buy” Rating from BTIG Research

Synchrony Financial (NYSE:SYF)‘s stock had its “buy” rating reiterated by research analysts at BTIG Research in a research report issued on Wednesday,Benzinga reports. They presently have a $96.00 target price on the financial services provider’s stock. BTIG Research’s target price would suggest a potential upside of 50.15% from the stock’s previous close.

Several other research analysts have also recently issued reports on the company. Robert W. Baird raised Synchrony Financial from a “neutral” rating to an “outperform” rating and set a $83.00 price target for the company in a research note on Friday, February 13th. Wall Street Zen cut shares of Synchrony Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. JPMorgan Chase & Co. cut their target price on Synchrony Financial from $86.00 to $84.00 and set a “neutral” rating for the company in a research report on Wednesday, January 28th. Compass Point raised shares of Synchrony Financial from a “neutral” rating to a “buy” rating and set a $96.00 price objective on the stock in a research note on Wednesday, January 28th. Finally, Keefe, Bruyette & Woods upped their price target on Synchrony Financial from $95.00 to $98.00 and gave the company an “outperform” rating in a report on Friday, January 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $87.11.

Synchrony Financial Price Performance

Shares of NYSE:SYF opened at $63.94 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.98. The firm’s 50 day moving average is $74.57 and its two-hundred day moving average is $75.67. The firm has a market capitalization of $22.22 billion, a P/E ratio of 6.88, a PEG ratio of 0.58 and a beta of 1.42. Synchrony Financial has a 52 week low of $40.54 and a 52 week high of $88.77.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.16. The business had revenue of $3.79 billion during the quarter, compared to analyst estimates 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 for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.91 EPS. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. Analysts anticipate that Synchrony Financial will post 7.67 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Brian D. Doubles sold 217,554 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $68.68, for a total transaction of $14,941,608.72. Following the completion of the sale, the insider directly owned 829,222 shares in the company, valued at approximately $56,950,966.96. This trade represents a 20.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian J. Sr. Wenzel sold 47,112 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were 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 owned 64,221 shares in the company, valued at $4,313,082.36. This trade represents a 42.32% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 379,928 shares of company stock worth $26,170,764. Insiders own 0.32% of the company’s stock.

Hedge Funds Weigh In On Synchrony Financial

A number of hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its holdings in shares of Synchrony Financial by 8.9% during the 1st quarter. NewEdge Advisors LLC now owns 8,302 shares of the financial services provider’s stock worth $439,000 after purchasing an additional 679 shares during the period. Woodline Partners LP boosted its holdings in shares of Synchrony Financial by 36.2% in the 1st quarter. Woodline Partners LP now owns 35,582 shares of the financial services provider’s stock worth $1,884,000 after acquiring an additional 9,460 shares in the last quarter. Focus Partners Wealth grew its holdings in Synchrony Financial by 7.7% during the 1st quarter. Focus Partners Wealth now owns 6,406 shares of the financial services provider’s stock worth $339,000 after acquiring an additional 459 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Synchrony Financial by 337.0% in the first 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 in the last quarter. Finally, Sivia Capital Partners LLC increased its stake in shares of Synchrony Financial by 56.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 6,062 shares of the financial services provider’s stock valued at $405,000 after buying an additional 2,178 shares during the period. Institutional investors and hedge funds own 96.48% of the company’s stock.

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.