Brokerages Set Synchrony Financial (NYSE:SYF) Price Target at $87.78

Synchrony Financial (NYSE:SYF) has been given an average rating of “Moderate Buy” by the nineteen analysts that are covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $87.7778.

Several brokerages recently weighed in on SYF. Loop Capital assumed coverage on Synchrony Financial in a report on Friday, May 22nd. They issued a “hold” rating and a $81.00 price objective for the company. Royal Bank Of Canada dropped their price objective on shares of Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 22nd. JPMorgan Chase & Co. reduced their target price on shares of Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating for the company in a research note on Monday, July 13th. TD Cowen boosted their price target on shares of Synchrony Financial from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Finally, HSBC upped their price target on shares of Synchrony Financial from $93.00 to $97.00 and gave the company a “buy” rating in a research note on Monday, July 13th.

Synchrony Financial Price Performance

Synchrony Financial stock opened at $79.93 on Monday. The business’s 50 day simple moving average is $76.80 and its 200 day simple moving average is $73.33. Synchrony Financial has a 12 month low of $63.08 and a 12 month high of $88.77. The company has a market cap of $26.01 billion, a price-to-earnings ratio of 8.19, a PEG ratio of 0.73 and a beta of 1.32. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.08.

Synchrony Financial (NYSE:SYF) last released its earnings results on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.45. Synchrony Financial had a return on equity of 23.09% and a net margin of 15.44%.The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period last year, the business posted $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Sell-side analysts forecast that Synchrony Financial will post 9.37 EPS for the current year.

Synchrony Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Wednesday, August 5th were given a dividend of $0.34 per share. This is an increase from Synchrony Financial’s previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Wednesday, August 5th. Synchrony Financial’s dividend payout ratio (DPR) is currently 13.93%.

Hedge Funds Weigh In On Synchrony Financial

Several hedge funds have recently made changes to their positions in the stock. World Investment Advisors increased its position in shares of Synchrony Financial by 0.6% in the first quarter. World Investment Advisors now owns 22,874 shares of the financial services provider’s stock valued at $1,556,000 after buying an additional 134 shares in the last quarter. Cullen Frost Bankers Inc. lifted its position in shares of Synchrony Financial by 7.3% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,995 shares of the financial services provider’s stock valued at $166,000 after buying an additional 135 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Synchrony Financial by 3.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 5,027 shares of the financial services provider’s stock valued at $333,000 after acquiring an additional 149 shares during the period. Legacy Financial Advisors Inc. increased its holdings in Synchrony Financial by 5.1% in the 4th quarter. Legacy Financial Advisors Inc. now owns 3,109 shares of the financial services provider’s stock worth $259,000 after acquiring an additional 152 shares in the last quarter. Finally, WealthTrust Asset Management LLC increased its holdings in Synchrony Financial by 0.9% in the 1st quarter. WealthTrust Asset Management LLC now owns 17,452 shares of the financial services provider’s stock worth $1,187,000 after acquiring an additional 156 shares in the last quarter. 96.48% of the stock is currently owned by hedge funds and other 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.