Synchrony Financial (NYSE:SYF) Price Target Lowered to $71.00 at Truist Financial

Synchrony Financial (NYSE:SYF) had its price objective cut by equities research analysts at Truist Financial from $84.00 to $71.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the financial services provider’s stock. Truist Financial’s target price indicates a potential upside of 4.46% from the company’s previous close.

Several other research firms have also recently commented on SYF. TD Cowen boosted their target price on Synchrony Financial from $91.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Keefe, Bruyette & Woods raised their price target on shares of Synchrony Financial from $95.00 to $98.00 and gave the stock an “outperform” rating in a research note on Friday, January 2nd. JPMorgan Chase & Co. cut their price objective on shares of Synchrony Financial from $86.00 to $84.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 28th. Robert W. Baird upgraded Synchrony Financial from a “neutral” rating to an “outperform” rating and set a $83.00 price target for the company in a research note on Friday, February 13th. Finally, Barclays lowered their price target on Synchrony Financial from $101.00 to $93.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $86.42.

Synchrony Financial Stock Up 2.7%

SYF traded up $1.78 during trading on Monday, hitting $67.97. The company had a trading volume of 646,366 shares, compared to its average volume of 4,843,268. The company has a market capitalization of $23.63 billion, a PE ratio of 7.31, a PEG ratio of 0.58 and a beta of 1.42. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.98. Synchrony Financial has a one year low of $40.54 and a one year high of $88.77. The firm’s 50-day moving average price is $71.92 and its 200 day moving average price is $75.21.

Synchrony Financial (NYSE:SYF) last released its earnings results on Tuesday, January 27th. The financial services provider reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.16. The firm had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.84 billion. Synchrony Financial had a return on equity of 23.07% and a net margin of 15.72%.The company’s revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.91 EPS. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. As a group, equities analysts expect that Synchrony Financial will post 7.67 earnings per share for the current year.

Insider Buying and Selling at Synchrony Financial

In related news, insider Alberto Casellas sold 14,399 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $67.71, for a total value of $974,956.29. Following the sale, the insider owned 50,331 shares in the company, valued at approximately $3,407,912.01. This represents a 22.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Curtis Howse sold 52,556 shares of Synchrony Financial stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $72.32, for a total transaction of $3,800,849.92. Following the transaction, the insider directly owned 94,196 shares of the company’s stock, valued at approximately $6,812,254.72. This trade represents a 35.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 379,928 shares of company stock worth $26,170,764 in the last three months. 0.33% of the stock is owned by insiders.

Institutional Investors Weigh In On Synchrony Financial

Several hedge funds have recently bought and sold shares of SYF. Donoghue Forlines LLC acquired a new stake in shares of Synchrony Financial during the 3rd quarter worth approximately $2,064,000. Nordea Investment Management AB raised its stake in shares of Synchrony Financial by 7.9% during the third quarter. Nordea Investment Management AB now owns 4,542,336 shares of the financial services provider’s stock valued at $318,236,000 after acquiring an additional 333,093 shares during the last quarter. Ritholtz Wealth Management lifted its holdings in shares of Synchrony Financial by 73.8% during the third quarter. Ritholtz Wealth Management now owns 77,220 shares of the financial services provider’s stock worth $5,486,000 after purchasing an additional 32,802 shares during the period. AQR Capital Management LLC grew its stake in shares of Synchrony Financial by 6.1% in the second quarter. AQR Capital Management LLC now owns 4,266,366 shares of the financial services provider’s stock worth $284,737,000 after purchasing an additional 245,527 shares during the last quarter. Finally, Federated Hermes Inc. increased its holdings in Synchrony Financial by 38.2% in the third quarter. Federated Hermes Inc. now owns 720,016 shares of the financial services provider’s stock valued at $51,157,000 after purchasing an additional 198,991 shares during the period. 96.48% of the stock is currently owned by institutional investors and hedge funds.

About Synchrony Financial

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.