Synchrony Financial (NYSE:SYF) Price Target Raised to $90.00

Synchrony Financial (NYSE:SYF) had its target price lifted by Robert W. Baird from $86.00 to $90.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an outperform rating on the financial services provider’s stock.

Several other brokerages have also recently issued reports on SYF. Wells Fargo & Company decreased their price objective on Synchrony Financial from $100.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. UBS Group lifted their price target on Synchrony Financial from $77.00 to $84.00 and gave the company a “neutral” rating in a research report on Tuesday, July 7th. HSBC boosted their price target on Synchrony Financial from $93.00 to $97.00 and gave the company a “buy” rating in a report on Monday, July 13th. Weiss Ratings restated a “buy (b-)” rating on shares of Synchrony Financial in a research report on Friday, July 17th. Finally, TD Cowen raised their price objective on shares of Synchrony Financial from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Twelve research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Synchrony Financial presently has an average rating of “Moderate Buy” and an average target price of $86.89.

Synchrony Financial Stock Performance

Shares of NYSE SYF opened at $72.88 on Wednesday. The company has a 50 day simple moving average of $73.30 and a two-hundred day simple moving average of $73.06. The stock has a market cap of $24.51 billion, a price-to-earnings ratio of 7.47, a PEG ratio of 0.67 and a beta of 1.32. The company has a current ratio of 1.22, a quick ratio of 1.24 and a debt-to-equity ratio of 1.08. Synchrony Financial has a 12 month low of $63.08 and a 12 month high of $88.77.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.59 EPS for the quarter, beating the consensus estimate of $2.14 by $0.45. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.72 billion. Synchrony Financial had a net margin of 15.44% and a return on equity of 23.09%. During the same period in the prior year, the company earned $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, analysts predict that Synchrony Financial will post 9.35 earnings per share for the current year.

Synchrony Financial declared that its Board of Directors has authorized a stock buyback plan on Tuesday, April 21st that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Synchrony Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Wednesday, August 5th will be paid a $0.34 dividend. The ex-dividend date is Wednesday, August 5th. This represents a $1.36 annualized dividend and a dividend yield of 1.9%. This is a boost from Synchrony Financial’s previous quarterly dividend of $0.30. Synchrony Financial’s dividend payout ratio (DPR) is presently 12.30%.

Insiders Place Their Bets

In other Synchrony Financial news, insider Jonathan S. Mothner sold 51,258 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $71.23, for a total transaction of $3,651,107.34. Following the transaction, the insider owned 132,664 shares in the company, valued at approximately $9,449,656.72. This represents a 27.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Advisors Asset Management Inc. purchased a new position in shares of Synchrony Financial during the 4th quarter valued at approximately $29,000. Fideuram Asset Management Ireland dac purchased a new stake in Synchrony Financial in the 4th quarter worth $29,000. FWL Investment Management LLC acquired a new position in Synchrony Financial during the third quarter worth $26,000. Reflection Asset Management acquired a new position in Synchrony Financial during the fourth quarter worth $31,000. Finally, Palisade Asset Management LLC purchased a new position in Synchrony Financial during the third quarter valued at $29,000. 96.48% of the stock is owned by institutional investors and hedge funds.

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.