Synchrony Financial (SYF) Stock Price, News & Analysis

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Synchrony Financial in the last year. There are currently 1 sell rating, 8 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SYF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SYF, but not buy additional shares or sell existing shares.
View SYF analyst ratings or view top-rated stocks.

16 equities research analysts have issued 12 month target prices for Synchrony Financial's stock. Their SYF share price targets range from $27.00 to $51.00. On average, they predict the company's stock price to reach $35.94 in the next twelve months. This suggests that the stock has a possible downside of 5.9%.
View analysts price targets for SYF or view top-rated stocks among Wall Street analysts.

Synchrony Financial's stock was trading at $32.86 at the beginning of 2023. Since then, SYF stock has increased by 16.2% and is now trading at $38.19.
View the best growth stocks for 2023 here.

Synchrony Financial saw a decline in short interest in the month of December. As of December 15th, there was short interest totaling 14,780,000 shares, a decline of 15.1% from the November 30th total of 17,400,000 shares. Based on an average daily trading volume, of 4,400,000 shares, the days-to-cover ratio is presently 3.4 days. Approximately 3.6% of the shares of the company are short sold.
View Synchrony Financial's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, January 22nd 2024.
View our SYF earnings forecast.

Synchrony Financial (NYSE:SYF) issued its quarterly earnings data on Tuesday, October, 24th. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.43 by $0.05. The financial services provider earned $5.45 billion during the quarter, compared to the consensus estimate of $4.29 billion. Synchrony Financial had a net margin of 11.79% and a trailing twelve-month return on equity of 18.82%. During the same period in the previous year, the company earned $1.47 earnings per share.
Read the conference call transcript.

Synchrony Financial announced a quarterly dividend on Thursday, October 19th. Stockholders of record on Wednesday, November 1st will be paid a dividend of $0.25 per share on Thursday, November 9th. This represents a $1.00 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Tuesday, October 31st.
Read our dividend analysis for SYF.

Synchrony Financial (NYSE:SYF) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.62%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 18.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SYF will have a dividend payout ratio of 18.15% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SYF.

ETFs with the largest weight of Synchrony Financial (NYSE:SYF) stock in their portfolio include BTD Capital Fund (DIP), LeaderShares AlphaFactor Tactical Focused ETF (LSAT), BlackRock Future Financial and Technology ETF (BPAY), First Trust Long/Short Equity ETF (FTLS), FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI), First Trust NASDAQ Rising Dividend Achievers (RDVY), SEI Enhanced U.S. Large Cap Value Factor ETF (SEIV) and Harbor Corporate Culture Leaders ETF (HAPY).

Synchrony Financial declared that its board has initiated a stock buyback program on Tuesday, April 25th 2023, which permits the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board of directors believes its shares are undervalued.

598 employees have rated Synchrony Financial Chief Executive Officer Margaret M. Keane on Glassdoor.com. Margaret M. Keane has an approval rating of 94% among the company's employees. This puts Margaret M. Keane in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Synchrony Financial investors own include Bank of America (BAC), AT&T (T), Intel (INTC), General Electric (GE), Cisco Systems (CSCO), Micron Technology (MU), Wells Fargo & Company (WFC), Verizon Communications (VZ), QUALCOMM (QCOM) and NVIDIA (NVDA).

Shares of SYF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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