Synchrony Financial (NYSE:SYF) Stock Rated Market Perform in New Coverage at BMO Capital Markets

BMO Capital Markets initiated coverage on shares of Synchrony Financial (NYSE:SYF) in a research note released on Friday, MarketBeat reports. The firm issued a market perform rating and a $81.00 price objective on the financial services provider’s stock.

A number of other analysts have also weighed in on SYF. Weiss Ratings reissued a “buy (b-)” rating on shares of Synchrony Financial in a report on Friday, July 17th. HSBC boosted their price objective on shares of Synchrony Financial from $93.00 to $97.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. UBS Group reduced their price objective on Synchrony Financial from $87.00 to $81.00 and set a “neutral” rating on the stock in a report on Monday, October 5th. Royal Bank Of Canada decreased their price objective on Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 22nd. Finally, Wells Fargo & Company lowered their target price on Synchrony Financial from $95.00 to $88.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $87.80.

Synchrony Financial Trading Down 0.0%

SYF opened at $72.78 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. The stock has a market capitalization of $23.68 billion, a PE ratio of 7.46, a PEG ratio of 0.63 and a beta of 1.35. Synchrony Financial has a 1-year low of $63.08 and a 1-year high of $88.77. The firm has a 50-day moving average price of $76.50 and a two-hundred day moving average price of $74.32.

Synchrony Financial (NYSE:SYF) last announced its earnings results 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 company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the previous year, the firm posted $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, equities analysts anticipate that Synchrony Financial will post 9.40 earnings per share for the current fiscal year.

Synchrony Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Wednesday, August 5th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Wednesday, August 5th. This is a boost from Synchrony Financial’s previous quarterly dividend of $0.30. Synchrony Financial’s dividend payout ratio is currently 13.93%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SYF. GK Wealth Management LLC acquired a new stake in shares of Synchrony Financial in the 3rd quarter valued at approximately $31,000. Riversedge Advisors LLC boosted its stake in Synchrony Financial by 3.8% during the 3rd quarter. Riversedge Advisors LLC now owns 5,022 shares of the financial services provider’s stock worth $356,000 after acquiring an additional 184 shares during the last quarter. Wedmont Private Capital grew its holdings in Synchrony Financial by 4.6% during the third quarter. Wedmont Private Capital now owns 10,689 shares of the financial services provider’s stock valued at $788,000 after purchasing an additional 467 shares during the period. GAMMA Investing LLC grew its holdings in Synchrony Financial by 7.0% during the third quarter. GAMMA Investing LLC now owns 20,306 shares of the financial services provider’s stock valued at $1,441,000 after purchasing an additional 1,325 shares during the period. Finally, CoreCap Advisors LLC grew its holdings in Synchrony Financial by 54.8% during the third quarter. CoreCap Advisors LLC now owns 780 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 276 shares during the period. 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.