Synchrony Financial Stock Price, News & Analysis (NYSE:SYF)

17 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, 9 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.
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17 Wall Street research analysts have issued twelve-month price objectives for Synchrony Financial's shares. Their SYF share price targets range from $27.00 to $51.00. On average, they anticipate the company's stock price to reach $35.76 in the next year. This suggests a possible upside of 5.3% from the stock's current price.
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Synchrony Financial's stock was trading at $32.86 at the start of the year. Since then, SYF shares have increased by 3.3% and is now trading at $33.96.
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The company is scheduled to release its next quarterly earnings announcement on Monday, January 22nd 2024.
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Synchrony Financial (NYSE:SYF) released its earnings results 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 analysts' expectations of $4.29 billion. Synchrony Financial had a trailing twelve-month return on equity of 18.82% and a net margin of 11.79%. During the same period in the prior year, the business posted $1.47 earnings per share.
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Synchrony Financial declared 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 yield of 2.94%. The ex-dividend date of this dividend 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 2.96%. 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 18.59% 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 Rising Dividend Achievers ETF (RDVY), SEI Enhanced U.S. Large Cap Value Factor ETF (SEIV) and Harbor Corporate Culture Leaders ETF (HAPY).

Synchrony Financial declared that its Board of Directors has authorized a stock buyback plan on Tuesday, April 25th 2023, which allows the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's leadership 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).

Synchrony Financial's stock is owned by a variety of retail and institutional investors. Top institutional investors include Invesco Ltd. (1.32%), Northern Trust Corp (1.20%), AQR Capital Management LLC (1.15%), Morgan Stanley (1.09%), Bank of New York Mellon Corp (1.04%) and Legal & General Group Plc (0.92%). Insiders that own company stock include Alberto Casellas, Bart Schaller, Brian D Doubles, Carol Juel, David P Melito, Margaret M Keane and Paul Whynott.
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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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