Synchrony Financial - SYF Stock Forecast, Price & News

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synchrony Financial in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street 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.

15 Wall Street research analysts have issued 1 year price targets for Synchrony Financial's shares. Their SYF share price forecasts range from $22.00 to $53.00. On average, they expect the company's share price to reach $37.75 in the next twelve months. This suggests a possible upside of 29.8% 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 11.5% and is now trading at $29.08.
View the best growth stocks for 2023 here.

Synchrony Financial saw a increase in short interest during the month of February. As of February 15th, there was short interest totaling 14,950,000 shares, an increase of 18.7% from the January 31st total of 12,590,000 shares. Based on an average daily volume of 5,250,000 shares, the days-to-cover ratio is currently 2.8 days. Currently, 3.4% of the company's shares are short sold.
View Synchrony Financial's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 19th 2023.
View our SYF earnings forecast.

Synchrony Financial will be holding an earnings conference call on Wednesday, April 19th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Synchrony Financial (NYSE:SYF) released its quarterly earnings data on Monday, January, 23rd. The financial services provider reported $1.26 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.14. The financial services provider had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.04 billion. Synchrony Financial had a trailing twelve-month return on equity of 24.07% and a net margin of 17.51%. During the same period in the previous year, the firm posted $1.48 EPS.
Read the conference call transcript.

Synchrony Financial declared a quarterly dividend on Wednesday, January 25th. Investors of record on Monday, February 6th will be paid a dividend of $0.23 per share on Friday, February 17th. This represents a $0.92 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date is Friday, February 3rd.
Read our dividend analysis for SYF.

ETFs with the largest weight of Synchrony Financial (NYSE:SYF) stock in their portfolio include BlackRock Future Financial and Technology ETF (BPAY), LeaderShares AlphaFactor Tactical Focused ETF (LSAT), First Trust Dorsey Wright Momentum & Value ETF (DVLU), First Trust NASDAQ Rising Dividend Achievers (RDVY), FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI), SEI Enhanced U.S. Large Cap Value Factor ETF (SEIV), Proshares Equities For Rising Rates ETF (EQRR) and Invesco S&P 500 Equal Weight Financials ETF (RYF).

Synchrony Financial (NYSE:SYF) pays an annual dividend of $0.92 per share and currently has a dividend yield of 3.27%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 15.08%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SYF will have a dividend payout ratio of 17.83% 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 program 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 purchase up to 13.6% of its shares through open market purchases. Shares repurchase programs are usually 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).

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

Synchrony Financial's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Geode Capital Management LLC (2.08%), Dimensional Fund Advisors LP (1.57%), Arrowstreet Capital Limited Partnership (1.34%), First Trust Advisors LP (1.31%), Morgan Stanley (1.21%) and Norges Bank (1.02%). Insiders that own company stock include Alberto Casellas, Bart Schaller, Carol Juel, David P Melito, Laurel Richie, Margaret M Keane, 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 $29.08.

Synchrony Financial (NYSE:SYF) has a market capitalization of $12.71 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 $6.10 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.