Recent Analyst Rating Changes for Synchrony Financial (SYF)

Synchrony Financial (NYSE: SYF) has recently received a number of price target changes and rating updates:

• 07-18-2024 – Analysts at Royal Bank of Canada raised their price target on Synchrony Financial from $50.00 to $55.00. They now have a “sector perform” rating on the stock.
• 07-18-2024 – Bank of America Co. analysts raised their price target on Synchrony Financial from $51.00 to $56.00. They now have a “neutral” rating on the stock.
• 07-18-2024 – Analysts at BMO Capital Markets have lowered their price target on Synchrony Financial from $42.00 to $41.00. They now have a “market perform” rating on the stock.
• 07-18-2024 – Analysts at Wells Fargo & Company raised their price target on Synchrony Financial from $49.00 to $53.00. They now have an “equal weight” rating on the stock.
• 07-18-2024 – Barclays PLC analysts raised their price target on Synchrony Financial from $46.00 to $49.00. They now have an “equal weight” rating on the stock.
• 07-18-2024 – Analysts at The Goldman Sachs Group, Inc. raised their price target on Synchrony Financial from $49.00 to $56.00. They now have a “buy” rating on the stock.
• 07-16-2024 – Analysts at JMP Securities raised their price target on Synchrony Financial from $49.00 to $60.00. They now have a “market outperform” rating on the stock.
• 07-16-2024 – Synchrony Financial is now covered by analysts at Compass Point. They have set a ‘buy’ rating and a $56.00 price target on the stock.
• 7/12/2024 – StockNews.com analysts upgraded Synchrony Financial from a “hold” rating to a “buy” rating.
• 7/9/2024 – Analysts at Barclays PLC raised their price target on Synchrony Financial from $37.00 to $46.00. They now have an “equal weight” rating on the stock.
• 7/9/2024 – Analysts at Wells Fargo & Company raised their price target on Synchrony Financial from $45.00 to $49.00. They now have an “equal weight” rating on the stock.
• 7/9/2024 – Analysts at Jefferies Financial Group Inc. raised their price target on Synchrony Financial from $50.00 to $55.00. They now have a “buy” rating on the stock.
• 7/8/2024 – Analysts at JPMorgan Chase & Co. raised their price target on Synchrony Financial from $46.00 to $52.00. They now have a “neutral” rating on the stock.
• 7/4/2024 – Synchrony Financial was downgraded to a “hold” rating from a “buy” rating by analysts at StockNews.com.
• 06-28-2024 – Baird RW analysts upgraded Synchrony Financial to a “strong-buy” rating.
• 06-28-2024 – Synchrony Financial is now covered by analysts at Robert W. Baird. They have set an “outperform” rating and a $56.00 price target for the stock.
• 06-25-2024 – StockNews.com analysts have downgraded Synchrony Financial from a “buy” rating to a “hold” rating.
• 6/12/2024 – Morgan Stanley analysts have confirmed Synchrony Financial’s underweight rating. They now have a $30.00 price target on the stock.
• 6/11/2024 – Synchrony Financial had its “outperform” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $62.00 price target on the stock.
• 6/7/2024 – Synchrony Financial is now covered by analysts at BTIG Research. They have given the stock a “buy” rating and a $60.00 price target.

Synchrony Financial shares down 1.7%

SYF opened at $49.97 on Monday. The company’s 50-day simple moving average is $45.38 and its 200-day simple moving average is $42.47. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.23 and a current ratio of 1.23. Synchrony Financial has a 12-month low of $27.30 and a 12-month high of $52.67. The company has a market cap of $20.06 billion, a price-to-earnings ratio of 7.17, a PEG ratio of 1.18 and a beta of 1.63.

Synchrony Financial (NYSE:SYF – Get Free Report) last released its quarterly earnings results on Wednesday, July 17. The financial services company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.20. Synchrony Financial had a net margin of 13.52% and a return on equity of 16.06%. The company had revenue of $5.58 billion for the quarter, compared to analyst estimates of $4.44 billion. In the year-ago quarter, the company earned $1.32 EPS. Equities research analysts expect Synchrony Financial to report 5.82 EPS for the current fiscal year.

Dividend announcement Synchrony Financial

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Monday, May 6th were given a dividend of $0.25. This represents an annualized dividend of $1.00 and a dividend yield of 2.00%. The ex-dividend date was Friday, May 3rd. Synchrony Financial’s dividend payout ratio (DPR) is currently 14.35%.

Insider Activity at Synchrony Financial

In related news, insider Curtis Howse sold 31,562 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $45.00, for a total value of $1,420,290.00. Following the sale, the insider now directly owns 121,042 shares of the company’s stock, valued at approximately $5,446,890. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. 0.33% of the shares are currently held by corporate insiders.

Institutional Trading from Synchrony Financial

Several hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its stake in Synchrony Financial by 53.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 69,715 shares of the financial services provider’s stock worth $3,290,000 after purchasing an additional 24,375 shares during the period. Blue Trust Inc. increased its stake in Synchrony Financial stock by 134.4% in the second quarter. Blue Trust Inc. now owns 2,004 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 1,149 shares during the last quarter. Swedbank AB increased its stake in Synchrony Financial stock by 23.8% in the second quarter. Swedbank AB now owns 99,461 shares of the financial services provider’s stock worth $4,694,000 after purchasing an additional 19,098 shares during the last quarter. Wedge Capital Management LLP NC increased its holdings in Synchrony Financial by 9.3% in the second quarter. Wedge Capital Management LLP NC now owns 1,065,053 shares of the financial services provider’s stock worth $50,260,000 after purchasing an additional 90,661 shares in the last quarter. Finally, Cigna Investments Inc. New acquired a new stake in shares of Synchrony Financial in the second quarter worth approximately $204,000. 96.48% of the shares are currently held by institutional investors and hedge funds.

Synchrony Financial, together with its subsidiaries, is a consumer financial services company in the United States. It offers credit products, including credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market and savings accounts, and sweep and affinity deposits, and accepts deposits through third-party brokers.

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