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 2 sell ratings, 6 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.
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 $53.00. On average, they anticipate the company's stock price to reach $38.13 in the next twelve months. This suggests a possible upside of 33.1% 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 stock has decreased by 12.8% and is now trading at $28.65.
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 trading volume, of 5,250,000 shares, the short-interest ratio is currently 2.8 days. Approximately 3.4% of the shares of the company are sold short.
View Synchrony Financial's Short Interest.

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) announced its quarterly earnings results on Monday, January, 23rd. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.14. The financial services provider earned $4.74 billion during the quarter, compared to analysts' expectations of $4.04 billion. Synchrony Financial had a net margin of 17.51% and a trailing twelve-month return on equity of 24.07%. During the same quarter in the previous year, the business earned $1.48 earnings per share.
Read the conference call transcript.

Synchrony Financial declared a quarterly dividend on Wednesday, January 25th. Investors of record on Monday, February 6th will be given 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 3.21%. 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 3.28%. 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 declared that its Board of Directors has approved a share repurchase plan 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 purchase up to 13.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board 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 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 $28.65.

Synchrony Financial (NYSE:SYF) has a market capitalization of $12.52 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.