Wells Fargo & Company Cuts Synchrony Financial (NYSE:SYF) Price Target to $95.00

Synchrony Financial (NYSE:SYF) had its price objective trimmed by Wells Fargo & Company from $100.00 to $95.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the financial services provider’s stock.

A number of other equities research analysts have also recently commented on SYF. Robert W. Baird upgraded 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. Wall Street Zen cut shares of Synchrony Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Compass Point upgraded shares of Synchrony Financial from a “neutral” rating to a “buy” rating and set a $96.00 target price on the stock in a report on Wednesday, January 28th. Keefe, Bruyette & Woods raised their target price on shares of Synchrony Financial from $95.00 to $98.00 and gave the stock an “outperform” rating in a report on Friday, January 2nd. Finally, Barclays dropped their target price on shares of Synchrony Financial from $93.00 to $82.00 and set an “overweight” rating on the stock in a report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $85.00.

Synchrony Financial Trading Up 0.0%

NYSE:SYF opened at $72.50 on Thursday. The company’s 50 day moving average price is $69.46 and its 200-day moving average price is $74.46. Synchrony Financial has a 52 week low of $44.43 and a 52 week high of $88.77. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.98. The stock has a market cap of $25.20 billion, a price-to-earnings ratio of 7.80, a PEG ratio of 0.64 and a beta of 1.39.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $2.18 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $3.84 billion. During the same quarter in the prior year, the company posted $1.91 earnings per share. 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. On average, equities research analysts forecast that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, February 6th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, February 6th. Synchrony Financial’s dividend payout ratio (DPR) is presently 12.92%.

Insider Activity

In other news, insider Brian J. Sr. Wenzel sold 47,112 shares of the firm’s stock in a transaction on 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 directly owned 64,221 shares in the company, valued at $4,313,082.36. This trade represents a 42.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alberto Casellas sold 14,399 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 $974,956.29. Following the completion of the sale, the insider owned 50,331 shares in the company, valued at approximately $3,407,912.01. This represents a 22.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 379,928 shares of company stock worth $26,170,764. 0.32% of the stock is currently owned by insiders.

Institutional Trading of Synchrony Financial

A number of institutional investors and hedge funds have recently bought and sold shares of SYF. Westside Investment Management Inc. increased its holdings in Synchrony Financial by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 358 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 179 shares during the last quarter. FWL Investment Management LLC bought a new stake in Synchrony Financial in the 3rd quarter valued at $26,000. 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 worth $29,000 after buying an additional 146 shares in the last quarter. Fideuram Asset Management Ireland dac purchased a new position in shares of Synchrony Financial in the 4th quarter worth $29,000. Finally, Advisors Asset Management Inc. purchased a new position in shares of Synchrony Financial in the 4th quarter worth $29,000. 96.48% of the stock is currently owned by institutional investors.

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.