UBS Group Cuts Synchrony Financial (NYSE:SYF) Price Target to $81.00

Synchrony Financial (NYSE:SYF) had its price target lowered by UBS Group from $87.00 to $81.00 in a research note issued to investors on Monday,Benzinga reports. UBS Group currently has a neutral rating on the financial services provider’s stock.

Several other brokerages have also recently weighed in on SYF. Weiss Ratings restated a “buy (b-)” rating on shares of Synchrony Financial in a report on Friday, July 17th. TD Cowen lifted their price target on Synchrony Financial from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. lowered their price objective on Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating for the company in a research report on Monday, July 13th. Royal Bank Of Canada dropped their price objective on Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 22nd. Finally, HSBC raised their target price on shares of Synchrony Financial from $93.00 to $97.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Synchrony Financial presently has an average rating of “Moderate Buy” and a consensus price target of $88.29.

Synchrony Financial Stock Performance

Synchrony Financial stock opened at $71.81 on Monday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $23.36 billion, a PE ratio of 7.36, a P/E/G ratio of 0.62 and a beta of 1.35. The firm has a fifty day simple moving average of $76.63 and a two-hundred day simple moving average of $74.22. Synchrony Financial has a twelve month low of $63.08 and a twelve month high of $88.77.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.45. The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Synchrony Financial had a return on equity of 23.09% and a net margin of 15.44%.During the same period last year, the firm earned $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Research analysts expect that Synchrony Financial will post 9.38 EPS for the current year.

Synchrony Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Wednesday, August 5th were issued a $0.34 dividend. This is an increase from Synchrony Financial’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, August 5th. This represents a $1.36 annualized dividend and a yield of 1.9%. Synchrony Financial’s dividend payout ratio (DPR) is 13.93%.

Hedge Funds Weigh In On Synchrony Financial

Several hedge funds have recently made changes to their positions in SYF. Compass Financial Management LLC purchased a new stake in Synchrony Financial in the second quarter worth $29,000. Reflection Asset Management purchased a new position in Synchrony Financial during the 4th quarter valued at $31,000. Center for Financial Planning Inc. raised its holdings in Synchrony Financial by 242.9% in the 1st quarter. Center for Financial Planning Inc. now owns 480 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 340 shares in the last quarter. Fiduciary Financial Advisors bought a new position in Synchrony Financial in the 2nd quarter worth $33,000. Finally, CoreFirst Bank & Trust lifted its position in shares of Synchrony Financial by 57.8% in the 1st quarter. CoreFirst Bank & Trust now owns 505 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 185 shares during the period. 96.48% of the stock is owned by hedge funds and other institutional investors.

Synchrony Financial Company Profile

Synchrony Financial (NYSE: SYF) is a consumer financial services company that provides credit products and related services through partnerships with retailers, manufacturers, healthcare providers and other businesses. The company is best known for private-label credit cards and dual-use credit cards that allow consumers to finance purchases with participating brands.

Synchrony’s offerings also include promotional financing, installment loans and other consumer payment solutions. Its products support spending across areas such as retail, home improvement, consumer electronics, healthcare, automotive and lifestyle purchases.