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 twelve months. There are currently 2 sell ratings, 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities 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.
View SYF analyst ratings or view top-rated stocks.

13 analysts have issued 12-month target prices for Synchrony Financial's shares. Their SYF share price forecasts range from $22.00 to $53.00. On average, they predict the company's stock price to reach $39.27 in the next twelve months. This suggests a possible upside of 6.0% 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 the year. Since then, SYF shares have increased by 12.8% and is now trading at $37.05.
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The company is scheduled to release its next quarterly earnings announcement on Monday, April 17th 2023.
View our SYF earnings forecast.

Synchrony Financial (NYSE:SYF) posted its earnings results on Monday, January, 23rd. The financial services provider reported $1.26 EPS for the quarter, beating the consensus estimate 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 company posted $1.48 earnings per share.
Read the conference call transcript.

Synchrony Financial declared a quarterly dividend on Wednesday, January 25th. Stockholders 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 2.48%. The ex-dividend date is Friday, February 3rd.
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 2.43%. 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 17.56% 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 repurchase program on Monday, April 18th 2022, which allows the company to buyback $2,800,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 13.6% of its shares through open market purchases. Shares buyback programs are typically 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 retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.51%), Wedge Capital Management L L P NC (0.20%), AustralianSuper Pty Ltd (0.20%), Ceredex Value Advisors LLC (0.19%), GMT Capital Corp (0.16%) and New York State Teachers Retirement System (0.14%). Insiders that own company stock include Carol Juel, David P Melito, Laurel Richie, Margaret M Keane, 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 $37.05.

Synchrony Financial (NYSE:SYF) has a market capitalization of $16.69 billion and generates $16.01 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 18,000 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.