Synchrony Financial (SYF) Stock Forecast, Price & News

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Synchrony Financial in the last twelve months. There are currently 1 sell rating, 8 hold ratings and 5 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.
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14 brokerages have issued twelve-month price targets for Synchrony Financial's stock. Their SYF share price forecasts range from $29.00 to $51.00. On average, they predict the company's share price to reach $36.79 in the next twelve months. This suggests a possible upside of 18.3% from the stock's current price.
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 shares have decreased by 5.4% and is now trading at $31.09.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our SYF earnings forecast.

Synchrony Financial (NYSE:SYF) released its quarterly earnings data on Tuesday, July, 18th. The financial services provider reported $1.32 earnings per share for the quarter, beating analysts' consensus estimates of $1.25 by $0.07. The financial services provider had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.10 billion. Synchrony Financial had a trailing twelve-month return on equity of 19.79% and a net margin of 12.90%. During the same period in the previous year, the company posted $1.60 EPS.
Read the conference call transcript.

Synchrony Financial announced a quarterly dividend on Thursday, July 20th. Shareholders of record on Monday, July 31st will be given a dividend of $0.25 per share on Thursday, August 10th. This represents a $1.00 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Friday, July 28th. This is a boost from the stock's previous quarterly dividend of $0.23.
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 (NYSE:SYF) pays an annual dividend of $1.00 per share and currently has a dividend yield of 3.19%. 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 18.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SYF will have a dividend payout ratio of 18.76% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SYF.

Synchrony Financial announced that its board has initiated a stock buyback plan on Tuesday, April 25th 2023, which allows the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board believes its stock is 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).

Synchrony Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "SYF."

Synchrony Financial's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.88%), State Street Corp (4.77%), Geode Capital Management LLC (2.20%), Goldman Sachs Group Inc. (1.62%), Dimensional Fund Advisors LP (1.54%) and Bank of New York Mellon Corp (1.22%). Insiders that own company stock include Alberto Casellas, Bart Schaller, Brian D Doubles, Carol Juel, David P Melito, Margaret M Keane and Paul Whynott.
View institutional ownership trends.

Shares of SYF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SYF stock can currently be purchased for approximately $31.09.

Synchrony Financial (NYSE:SYF) has a market capitalization of $13.00 billion and generates $17.53 billion in revenue each year. The financial services provider earns $3.02 billion in net income (profit) each year or $5.40 on an earnings per share basis.

The company employs 18,500 workers across the globe.

Synchrony Financial's mailing address is 777 LONG RIDGE ROAD, STAMFORD CT, 06902. The official website for the company is www.synchronyfinancial.com. The financial services provider can be reached via phone at (203) 585-2400 or via email at investorrelations@syf.com.