Synchrony Financial (NYSE:SYF) Price Target Lowered to $82.00 at Barclays

Synchrony Financial (NYSE:SYF) had its target price decreased by Barclays from $93.00 to $82.00 in a report published on Monday morning,Benzinga reports. Barclays currently has an overweight rating on the financial services provider’s stock.

A number of other research analysts have also recently commented on SYF. Weiss Ratings restated a “buy (b-)” rating on shares of Synchrony Financial in a research note on Wednesday, January 21st. Truist Financial cut their price target on shares of Synchrony Financial from $84.00 to $71.00 and set a “hold” rating for the company in a research note on Monday, March 23rd. Wall Street Zen lowered shares of Synchrony Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. TD Cowen lifted their target price on shares of Synchrony Financial from $91.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Finally, BTIG Research reissued a “buy” rating and issued a $96.00 target price on shares of Synchrony Financial in a report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $85.84.

Synchrony Financial Stock Up 1.2%

Shares of SYF opened at $69.26 on Monday. The stock has a market cap of $24.07 billion, a price-to-earnings ratio of 7.46, a P/E/G ratio of 0.60 and a beta of 1.39. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.98. Synchrony Financial has a 12 month low of $40.54 and a 12 month high of $88.77. The company has a 50-day moving average price of $69.59 and a two-hundred day moving average price of $74.57.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.16. The firm had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.84 billion. Synchrony Financial had a net margin of 15.72% and a return on equity of 23.07%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter last year, the company earned $1.91 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. Equities analysts predict that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, February 6th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, February 6th. Synchrony Financial’s payout ratio is currently 12.92%.

Insider Activity

In other Synchrony Financial news, insider Curtis Howse sold 7,882 shares of Synchrony Financial stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $67.71, for a total transaction of $533,690.22. Following the completion of the sale, the insider owned 94,873 shares of the company’s stock, valued at approximately $6,423,850.83. The trade was a 7.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 sale, the insider directly owned 50,331 shares of the company’s stock, valued at $3,407,912.01. This represents a 22.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 379,928 shares of company stock worth $26,170,764. Corporate insiders own 0.32% of the company’s stock.

Institutional Trading of Synchrony Financial

A number of institutional investors have recently bought and sold shares of the business. Donoghue Forlines LLC acquired a new position in shares of Synchrony Financial in the 3rd quarter valued at $2,064,000. Nordea Investment Management AB grew its holdings in shares of Synchrony Financial by 7.9% in the 3rd quarter. Nordea Investment Management AB now owns 4,542,336 shares of the financial services provider’s stock valued at $318,236,000 after buying an additional 333,093 shares during the period. Ritholtz Wealth Management grew its holdings in shares of Synchrony Financial by 73.8% in the 3rd quarter. Ritholtz Wealth Management now owns 77,220 shares of the financial services provider’s stock valued at $5,486,000 after buying an additional 32,802 shares during the period. Strategic Investment Advisors MI grew its holdings in shares of Synchrony Financial by 43.2% in the 3rd quarter. Strategic Investment Advisors MI now owns 68,841 shares of the financial services provider’s stock valued at $4,890,000 after buying an additional 20,778 shares during the period. Finally, AQR Capital Management LLC grew its holdings in shares of Synchrony Financial by 6.1% in the 2nd quarter. AQR Capital Management LLC now owns 4,266,366 shares of the financial services provider’s stock valued at $284,737,000 after buying an additional 245,527 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.