Synchrony Financial - SYF Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Synchrony Financial in the last year. There are currently 1 sell rating, 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SYF shares.
View SYF analyst ratings or view top-rated stocks.

13 brokers have issued twelve-month price objectives for Synchrony Financial's shares. Their SYF share price forecasts range from $22.00 to $65.00. On average, they expect the company's stock price to reach $44.00 in the next twelve months. This suggests a possible upside of 50.3% 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 $46.39 at the start of the year. Since then, SYF stock has decreased by 36.9% and is now trading at $29.27.
View the best growth stocks for 2022 here.

Synchrony Financial saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 15,660,000 shares, an increase of 30.3% from the August 15th total of 12,020,000 shares. Based on an average trading volume of 5,640,000 shares, the short-interest ratio is presently 2.8 days. Approximately 3.3% of the shares of the stock are sold short.
View Synchrony Financial's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our SYF earnings forecast.

Synchrony Financial will be holding an earnings conference call on Tuesday, October 25th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

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, topping the consensus estimate of $1.43 by $0.17. The financial services provider earned $3.80 billion during the quarter, compared to analyst estimates of $2.74 billion. Synchrony Financial had a net margin of 22.76% and a trailing twelve-month return on equity of 27.06%. During the same quarter last year, the business posted $2.12 EPS.
Read the conference call transcript.

Synchrony Financial declared a quarterly dividend on Thursday, July 21st. Shareholders 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 3.14%. The ex-dividend date of this dividend is Friday, July 29th. This is a boost 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 3.09%. 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 16.79% 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 has authorized a stock buyback plan on Monday, April 18th 2022, which permits the company to repurchase $2,800,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 13.6% of its shares through open market purchases. Shares repurchase plans are usually 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "SYF."

Synchrony Financial's stock is owned by many different retail and institutional investors. Top institutional shareholders include FMR LLC (5.38%), State Street Corp (4.70%), Goldman Sachs Group Inc. (1.77%), Northern Trust Corp (1.28%), CI Investments Inc. (1.18%) and Artisan Partners Limited Partnership (0.98%). Insiders that own company stock include Carol Juel, David P Melito, Laurel Richie, Paul Whynott, PW Parker and Will W Graylin.
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 $29.27.

Synchrony Financial (NYSE:SYF) has a market capitalization of $14.10 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'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.