JPMorgan Chase & Co. Has Lowered Expectations for Synchrony Financial (NYSE:SYF) Stock Price

Synchrony Financial (NYSE:SYF) had its price target lowered by research analysts at JPMorgan Chase & Co. from $81.00 to $78.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 7.61% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. Truist Financial boosted their target price on Synchrony Financial from $71.00 to $82.00 and gave the company a “hold” rating in a research note on Thursday, April 23rd. TD Cowen upped their price objective on shares of Synchrony Financial from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Synchrony Financial in a research report on Monday, April 20th. BTIG Research lowered shares of Synchrony Financial from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 22nd. Finally, Loop Capital assumed coverage on shares of Synchrony Financial in a research report on Friday, May 22nd. They set a “hold” rating and a $81.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Synchrony Financial presently has an average rating of “Moderate Buy” and an average target price of $86.47.

Synchrony Financial Stock Up 0.1%

NYSE SYF opened at $72.49 on Monday. Synchrony Financial has a 1 year low of $63.08 and a 1 year high of $88.77. The stock has a market capitalization of $24.38 billion, a PE ratio of 7.50, a PEG ratio of 0.68 and a beta of 1.32. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.24 and a quick ratio of 1.24. The business’s 50-day moving average is $73.17 and its 200 day moving average is $73.78.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.13. Synchrony Financial had a return on equity of 23.41% and a net margin of 15.80%.The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.81 billion. During the same quarter in the prior year, the company posted $1.89 EPS. Synchrony Financial’s quarterly revenue was down 7.4% compared to the same quarter last year. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. Sell-side analysts forecast that Synchrony Financial will post 9.33 earnings per share for the current year.

Synchrony Financial announced that its Board of Directors has authorized a share buyback 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 buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Synchrony Financial

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

Institutional Trading of Synchrony Financial

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wedge Capital Management L L P NC boosted its holdings in Synchrony Financial by 4.4% in the second quarter. Wedge Capital Management L L P NC now owns 495,316 shares of the financial services provider’s stock worth $37,669,000 after acquiring an additional 20,959 shares in the last quarter. Tema ETFs LLC increased its holdings in shares of Synchrony Financial by 9.0% during the second quarter. Tema ETFs LLC now owns 6,995 shares of the financial services provider’s stock valued at $532,000 after acquiring an additional 580 shares in the last quarter. Generali Investments Management Co LLC increased its holdings in shares of Synchrony Financial by 206.0% during the second quarter. Generali Investments Management Co LLC now owns 3,987 shares of the financial services provider’s stock valued at $303,000 after acquiring an additional 2,684 shares in the last quarter. Handelsbanken Fonder AB raised its position in shares of Synchrony Financial by 24.4% in the 2nd quarter. Handelsbanken Fonder AB now owns 163,596 shares of the financial services provider’s stock worth $12,441,000 after purchasing an additional 32,047 shares during the last quarter. Finally, Polianta Ltd raised its position in shares of Synchrony Financial by 16.2% in the 2nd quarter. Polianta Ltd now owns 24,400 shares of the financial services provider’s stock worth $1,855,000 after purchasing an additional 3,400 shares during the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

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.