Recent Research Analysts’ Ratings Updates for Synchrony Financial (SYF)

Synchrony Financial (NYSE: SYF) recently received a number of ratings updates from brokerages and research firms:

• 1/13/2025 – Synchrony Financial had its price target raised by analysts at UBS Group AG from $58.00 to $66.00. They now have a “neutral” rating on the stock.
• 1/8/2025 – Synchrony Financial had its price target raised by analysts at The Goldman Sachs Group, Inc. from $72.50 to $82.00. They now have a “buy” rating on the stock.
• 1/7/2025 – Synchrony Financial is now covered by analysts at Truist Financial Co.. They set a “hold” rating and a $72.00 price target on the stock.
• 1/6/2025 – Synchrony Financial was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating. They now have a $79.00 price target on the stock, up previously from $59.00.
• 12/19/2024 – Synchrony Financial was upgraded by analysts at Morgan Stanley from an “underweight” rating to an “overweight” rating. They now have a $82.00 price target on the stock, up previously from $40.00.
• 12/10/2024 – Synchrony Financial had its price target raised by analysts at Compass Point from $60.00 to $77.00. They now have a “buy” rating on the stock.
• 12/9/2024 – Synchrony Financial was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $72.00 price target on the stock, up previously from $59.00.
• 12/9/2024 – Synchrony Financial had its price target raised by analysts at Keefe, Bruyette & Woods from $62.00 to $82.00. They now have an “outperform” rating on the stock.
• 12/3/2024 – Synchrony Financial was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating. They now have a $85.00 price target on the stock, up previously from $60.00.

Synchrony Financial Stock Performance

SYF opened at $70.52 on Monday. The company has a market capitalization of $27.46 billion, a price-to-earnings ratio of 9.21, a P/E/G ratio of 0.83 and a beta of 1.64. The business’s 50-day moving average price is $66.75 and its two-hundred day moving average price is $56.81. Synchrony Financial has a 1 year low of $37.74 and a 1 year high of $70.93. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.25 and a quick ratio of 1.25.

Synchrony Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Monday, February 3rd. Synchrony Financial’s dividend payout ratio is presently 13.05%.

Insider Buying and Selling at Synchrony Financial

In other news, insider Curtis Howse sold 21,934 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $55.13, for a total value of $1,209,221.42. Following the completion of the transaction, the insider now owns 99,743 shares in the company, valued at $5,498,831.59. This trade represents a 18.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonathan S. Mothner sold 34,163 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $64.99, for a total value of $2,220,253.37. Following the sale, the insider now owns 127,587 shares in the company, valued at $8,291,879.13. The trade was a 21.12 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On Synchrony Financial

Institutional investors and hedge funds have recently made changes to their positions in the stock. Southpoint Capital Advisors LP raised its position in Synchrony Financial by 37.9% during the third quarter. Southpoint Capital Advisors LP now owns 4,600,000 shares of the financial services provider’s stock worth $229,448,000 after acquiring an additional 1,265,000 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of Synchrony Financial by 3.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,447,275 shares of the financial services provider’s stock valued at $221,830,000 after purchasing an additional 157,948 shares during the period. Nordea Investment Management AB lifted its stake in Synchrony Financial by 18.5% in the 4th quarter. Nordea Investment Management AB now owns 3,083,329 shares of the financial services provider’s stock valued at $200,756,000 after purchasing an additional 481,750 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Synchrony Financial by 1.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,199,554 shares of the financial services provider’s stock worth $109,714,000 after purchasing an additional 37,484 shares during the period. Finally, Victory Capital Management Inc. increased its position in Synchrony Financial by 8.4% during the third quarter. Victory Capital Management Inc. now owns 2,061,979 shares of the financial services provider’s stock worth $102,852,000 after buying an additional 158,960 shares during the last quarter. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as 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 accounts, and savings accounts, and sweep and affinity deposits, as well as accepts deposits through third-party securities brokerage firms.