Synchrony Financial - SYF Stock Forecast, Price & News

15 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, 4 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SYF shares.
View SYF analyst ratings or view top-rated stocks.

15 Wall Street analysts have issued 1-year price objectives for Synchrony Financial's shares. Their SYF share price forecasts range from $22.00 to $65.00. On average, they anticipate the company's share price to reach $44.88 in the next year. This suggests a possible upside of 25.5% 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 $46.39 at the start of the year. Since then, SYF shares have decreased by 22.9% and is now trading at $35.75.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 18th 2022.
View our SYF earnings forecast.

Synchrony Financial (NYSE:SYF) posted its earnings results on Monday, July, 18th. The financial services provider reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.13. Synchrony Financial had a net margin of 22.76% and a trailing twelve-month return on equity of 27.06%. During the same period in the previous year, the company posted $2.12 earnings per share.
Read the conference call transcript.

Synchrony Financial announced a quarterly dividend on Thursday, July 21st. Investors of record on Monday, August 1st will be given a dividend of $0.23 per share on Thursday, August 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend is Friday, July 29th. This is a positive change from the stock's previous quarterly dividend of $0.22.
Read our dividend analysis for SYF.

Synchrony Financial (NYSE:SYF) pays an annual dividend of $0.92 per share and currently has a dividend yield of 2.55%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SYF will have a dividend payout ratio of 16.70% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SYF.

Synchrony Financial declared that its Board of Directors has authorized a share buyback program on Monday, April 18th 2022, which allows the company to repurchase $2,800,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 13.6% of its shares through open market purchases. Shares repurchase programs are generally an indication 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 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 FMR LLC (5.38%), State Street Corp (4.70%), Northern Trust Corp (1.28%), CI Investments Inc. (1.18%), Artisan Partners Limited Partnership (0.98%) and Millennium Management LLC (0.85%). Insiders that own company stock include Carol Juel, David P Melito, Laurel Richie, Paul Whynott, PW Parker and Will W Graylin.
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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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One share of SYF stock can currently be purchased for approximately $35.75.

Synchrony Financial (NYSE:SYF) has a market capitalization of $17.22 billion and generates $15.75 billion in revenue each year. The financial services provider earns $4.22 billion in net income (profit) each year or $6.85 on an earnings per share basis.

The company employs 18,000 workers across the globe.

Synchrony Financial was founded in 2003.

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.