Synchrony Financial (NYSE:SYF) Price Target Raised to $82.00

Synchrony Financial (NYSE:SYF) had its price target raised by Truist Financial from $71.00 to $82.00 in a report published on Thursday,Benzinga reports. They currently have a hold rating on the financial services provider’s stock.

A number of other brokerages also recently issued reports on SYF. Barclays lifted their price target on shares of Synchrony Financial from $82.00 to $93.00 and gave the company an “overweight” rating in a report on Wednesday. Royal Bank Of Canada reduced 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 report on Wednesday, January 28th. Weiss Ratings restated a “buy (b-)” rating on shares of Synchrony Financial in a report on Monday, April 20th. TD Cowen boosted their target price 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. Finally, Wells Fargo & Company reduced their target price on shares of Synchrony Financial from $100.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Synchrony Financial presently has a consensus rating of “Moderate Buy” and an average price target of $86.32.

Synchrony Financial Stock Performance

Shares of NYSE SYF opened at $76.48 on Thursday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market cap of $26.58 billion, a P/E ratio of 7.91, a P/E/G ratio of 0.67 and a beta of 1.39. The firm’s fifty day moving average is $70.10 and its two-hundred day moving average is $74.78. Synchrony Financial has a 52-week low of $50.00 and a 52-week high of $88.77.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.13. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.81 billion. Synchrony Financial had a net margin of 15.80% and a return on equity of 23.41%. Synchrony Financial’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.89 EPS. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. As a group, analysts anticipate that Synchrony Financial will post 9.3 EPS for the current fiscal year.

Synchrony Financial announced that its board has authorized a share repurchase program on Tuesday, April 21st that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Synchrony Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, May 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.6%. Synchrony Financial’s payout ratio is 12.41%.

Insider Transactions at Synchrony Financial

In related news, insider Alberto Casellas sold 14,399 shares of Synchrony Financial stock in a transaction dated 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 transaction, the insider directly owned 50,331 shares of the company’s stock, valued at approximately $3,407,912.01. The trade was a 22.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Darrell Owens sold 3,865 shares of Synchrony Financial stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $67.71, for a total transaction of $261,699.15. Following the transaction, the insider directly owned 17,432 shares of the company’s stock, valued at approximately $1,180,320.72. This represents a 18.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 379,928 shares of company stock worth $26,170,764. 0.32% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Synchrony Financial

A number of large investors have recently made changes to their positions in SYF. Westside Investment Management Inc. boosted its stake in shares of Synchrony Financial by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 358 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 179 shares during the period. FWL Investment Management LLC purchased a new position in shares of Synchrony Financial during the 3rd quarter worth about $26,000. Salomon & Ludwin LLC boosted its stake in shares of Synchrony Financial by 54.9% during the 3rd quarter. Salomon & Ludwin LLC now owns 412 shares of the financial services provider’s stock worth $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 during the 4th quarter worth about $29,000. Finally, Advisors Asset Management Inc. purchased a new position in shares of Synchrony Financial during the 4th quarter worth about $29,000. 96.48% of the stock is owned by hedge funds and other institutional investors.

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.