Synchrony Financial (NYSE:SYF) Given New $71.00 Price Target at Truist Financial

Synchrony Financial (NYSE:SYF) had its price objective trimmed by Truist Financial from $84.00 to $71.00 in a research note released on Monday morning,Benzinga reports. The brokerage currently has a hold rating on the financial services provider’s stock.

SYF has been the topic of several other research reports. JPMorgan Chase & Co. cut their price objective on shares of Synchrony Financial from $86.00 to $84.00 and set a “neutral” rating on the stock in a report on Wednesday, January 28th. Keefe, Bruyette & Woods lifted their target price on shares of Synchrony Financial from $95.00 to $98.00 and gave the stock an “outperform” rating in a research note on Friday, January 2nd. Royal Bank Of Canada dropped 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 research report on Wednesday, January 28th. Wells Fargo & Company upped their price target on shares of Synchrony Financial from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Finally, Compass Point raised shares of Synchrony Financial from a “neutral” rating to a “buy” rating and set a $96.00 price target for the company in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Synchrony Financial currently has a consensus rating of “Moderate Buy” and an average target price of $86.42.

Synchrony Financial Stock Up 0.6%

Synchrony Financial stock opened at $66.58 on Monday. Synchrony Financial has a 1-year low of $40.54 and a 1-year high of $88.77. The business has a fifty day moving average price of $71.66 and a 200-day moving average price of $75.14. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market capitalization of $23.14 billion, a price-to-earnings ratio of 7.17, a PEG ratio of 0.58 and a beta of 1.42.

Synchrony Financial (NYSE:SYF) last announced its earnings results 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 company had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.84 billion. During the same period in the prior year, the company posted $1.91 EPS. The firm’s quarterly revenue was down .2% compared to the same quarter last year. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. Equities research analysts forecast that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, February 6th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, February 6th. Synchrony Financial’s dividend payout ratio (DPR) is currently 12.92%.

Insider Buying and Selling at Synchrony Financial

In other news, insider Brian D. Doubles sold 217,554 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $68.68, for a total value of $14,941,608.72. Following the sale, the insider owned 829,222 shares in the company, valued at $56,950,966.96. This represents a 20.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the insider directly owned 64,221 shares in the company, valued at approximately $4,313,082.36. This trade represents a 42.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 379,928 shares of company stock worth $26,170,764. Insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On Synchrony Financial

Hedge funds have recently bought and sold shares of the stock. State Street Corp lifted its stake in shares of Synchrony Financial by 1.0% in the 3rd quarter. State Street Corp now owns 19,080,903 shares of the financial services provider’s stock valued at $1,355,698,000 after purchasing an additional 191,920 shares during the period. Bank of America Corp DE grew its position in Synchrony Financial by 5.4% during the third quarter. Bank of America Corp DE now owns 14,335,213 shares of the financial services provider’s stock valued at $1,018,517,000 after buying an additional 739,832 shares during the period. Morgan Stanley increased its holdings in Synchrony Financial by 7.6% in the fourth quarter. Morgan Stanley now owns 6,230,111 shares of the financial services provider’s stock valued at $519,778,000 after buying an additional 442,226 shares in the last quarter. Invesco Ltd. increased its holdings in Synchrony Financial by 10.4% in the fourth quarter. Invesco Ltd. now owns 5,490,921 shares of the financial services provider’s stock valued at $458,108,000 after buying an additional 517,781 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Synchrony Financial by 8.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,307,077 shares of the financial services provider’s stock worth $354,194,000 after acquiring an additional 406,796 shares in the last quarter. Hedge funds and other 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.