JPMorgan Chase & Co. Cuts Synchrony Financial (NYSE:SYF) Price Target to $73.00

Synchrony Financial (NYSE:SYF) had its price objective trimmed by JPMorgan Chase & Co. from $84.00 to $73.00 in a research note published on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

Other analysts also recently issued reports about the stock. Robert W. Baird raised shares of Synchrony Financial from a “neutral” rating to an “outperform” rating and set a $83.00 price target on the stock in a report on Friday, February 13th. Wells Fargo & Company lowered their price target on shares of Synchrony Financial from $100.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday. Truist Financial lowered their price target on shares of Synchrony Financial from $84.00 to $71.00 and set a “hold” rating on the stock in a report on Monday, March 23rd. Royal Bank Of Canada lowered their price target on shares of Synchrony Financial from $91.00 to $85.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 28th. Finally, TD Cowen increased their price target on shares of Synchrony Financial from $91.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Synchrony Financial presently has a consensus rating of “Moderate Buy” and an average price target of $85.00.

Synchrony Financial Stock Up 0.0%

SYF stock opened at $72.50 on Thursday. The firm’s fifty day simple moving average is $69.46 and its 200-day simple moving average is $74.46. The company has a market capitalization of $25.20 billion, a P/E ratio of 7.80, a price-to-earnings-growth ratio of 0.64 and a beta of 1.39. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.24 and a quick ratio of 1.24. Synchrony Financial has a 12 month low of $44.43 and a 12 month high of $88.77.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $2.18 EPS for the quarter, beating 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 business 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 firm earned $1.91 EPS. The business’s revenue for the quarter was down .2% on a year-over-year basis. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. As a group, equities research analysts forecast that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, February 6th were issued a $0.30 dividend. The ex-dividend date of this dividend was 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 related news, insider Brian D. Doubles sold 217,554 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $68.68, for a total value of $14,941,608.72. Following the completion of the sale, the insider owned 829,222 shares of the company’s stock, valued at approximately $56,950,966.96. This represents a 20.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Brian J. Sr. Wenzel sold 47,112 shares of Synchrony Financial stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $67.16, for a total transaction of $3,164,041.92. Following the sale, the insider owned 64,221 shares of the company’s stock, valued at approximately $4,313,082.36. This represents a 42.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 379,928 shares of company stock valued at $26,170,764 in the last three months. 0.32% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Westside Investment Management Inc. boosted its stake in shares of Synchrony Financial by 100.0% in the third quarter. Westside Investment Management Inc. now owns 358 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 179 shares during the period. FWL Investment Management LLC purchased a new position in shares of Synchrony Financial in the third quarter valued at approximately $26,000. Salomon & Ludwin LLC boosted its stake in shares of Synchrony Financial by 54.9% in the third 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. Fideuram Asset Management Ireland dac purchased a new position in shares of Synchrony Financial in the fourth quarter valued at approximately $29,000. Finally, Advisors Asset Management Inc. purchased a new position in shares of Synchrony Financial in the fourth quarter valued at approximately $29,000. 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.