Synchrony Financial (NYSE:SYF) Stock Gets Price Target Trim from JPMorgan Chase & Co.

Synchrony Financial (NYSE:SYF) had its target price lowered by JPMorgan Chase & Co. from $78.00 to $74.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

Several other equities analysts have also weighed in on the company. Wolfe Research lifted their price target on Synchrony Financial from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. BMO Capital Markets started coverage on Synchrony Financial in a research report on Friday, October 9th. They set a “market perform” rating and a $81.00 price target on the stock. HSBC increased 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. Royal Bank Of Canada dropped their price objective on Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 22nd. Finally, TD Cowen reduced their target price on Synchrony Financial from $90.00 to $86.00 and set a “buy” rating for the company in a research note on Tuesday, October 6th. Nine analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.25.

Synchrony Financial Stock Down 2.6%

SYF stock opened at $71.67 on Monday. Synchrony Financial has a one year low of $63.08 and a one year high of $88.77. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.22 and a current ratio of 1.22. The firm’s fifty day moving average is $76.15 and its 200 day moving average is $74.44. The firm has a market cap of $23.32 billion, a PE ratio of 7.34, a P/E/G ratio of 0.63 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 for the quarter, topping analysts’ consensus estimates of $2.14 by $0.45. Synchrony Financial had a net margin of 15.44% and a return on equity of 23.09%. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the prior year, the firm posted $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. On average, research analysts forecast that Synchrony Financial will post 9.40 EPS for the current year.

Synchrony Financial Increases Dividend

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

Institutional Trading of Synchrony Financial

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE acquired a new position in shares of Synchrony Financial during the 2nd quarter valued at about $1,122,961,000. Raiffeisen Bank International AG increased its position in Synchrony Financial by 7,984.0% during the second quarter. Raiffeisen Bank International AG now owns 23,282 shares of the financial services provider’s stock worth $1,825,000 after purchasing an additional 22,994 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Synchrony Financial during the second quarter worth about $22,798,000. Basswood Capital Management L.L.C. acquired a new stake in Synchrony Financial during the second quarter worth about $45,734,000. Finally, Assenagon Asset Management S.A. raised its stake in Synchrony Financial by 959.4% during the first quarter. Assenagon Asset Management S.A. now owns 545,880 shares of the financial services provider’s stock worth $37,131,000 after purchasing an additional 494,354 shares during the period. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Synchrony Financial Company Profile

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.