Synchrony Financial (NYSE:SYF) Receives Consensus Rating of “Moderate Buy” from Brokerages

Synchrony Financial (NYSE:SYF) has earned an average rating of “Moderate Buy” from the fifteen brokerages that are covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and nine have assigned 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 $89.00.

A number of analysts have weighed in on SYF shares. HSBC boosted their price target on Synchrony Financial from $93.00 to $97.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Wolfe Research increased their price objective on Synchrony Financial from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, August 25th. Royal Bank Of Canada cut their price objective on Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Wednesday, July 22nd. Wells Fargo & Company reduced their target price on Synchrony Financial from $95.00 to $88.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Synchrony Financial in a research report on Friday, July 17th.

Institutional Trading of Synchrony Financial

Large investors have recently modified their holdings of the company. QRG Capital Management Inc. boosted its holdings in Synchrony Financial by 1.0% during the second quarter. QRG Capital Management Inc. now owns 188,446 shares of the financial services provider’s stock valued at $14,331,000 after acquiring an additional 1,821 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in shares of Synchrony Financial by 47.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,461 shares of the financial services provider’s stock valued at $491,000 after purchasing an additional 2,065 shares during the last quarter. Bullseye Investment Management LLC acquired a new stake in shares of Synchrony Financial in the second quarter valued at about $106,000. Tidal Investments LLC increased its stake in shares of Synchrony Financial by 10.4% in the second quarter. Tidal Investments LLC now owns 73,699 shares of the financial services provider’s stock worth $5,605,000 after purchasing an additional 6,958 shares during the period. Finally, Archford Capital Strategies LLC lifted its position in shares of Synchrony Financial by 1.2% during the 2nd quarter. Archford Capital Strategies LLC now owns 42,373 shares of the financial services provider’s stock worth $3,222,000 after purchasing an additional 488 shares during the last quarter. 96.48% of the stock is owned by institutional investors.

Synchrony Financial Stock Up 0.8%

Synchrony Financial stock opened at $71.52 on Friday. 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 has a 1-year low of $63.08 and a 1-year high of $88.77. The firm’s fifty day simple moving average is $76.89 and its 200-day simple moving average is $74.02. The company has a market capitalization of $23.27 billion, a P/E ratio of 7.33, a P/E/G ratio of 0.61 and a beta of 1.35.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data 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. The firm had revenue of $3.72 billion during the quarter, compared to analysts’ expectations 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 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 earnings per share for the current fiscal year.

Synchrony Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Wednesday, August 5th were paid a $0.34 dividend. The ex-dividend date was Wednesday, August 5th. This is a positive change from Synchrony Financial’s previous quarterly dividend of $0.30. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.9%. Synchrony Financial’s dividend payout ratio is presently 13.93%.

About Synchrony Financial

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.