Synchrony Financial - SYF Stock Forecast, Price & News

15 Wall Street 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 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SYF 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 $65.00. On average, they expect the company's stock price to reach $44.88 in the next twelve months. This suggests a possible upside of 30.3% 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 on January 1st, 2022. Since then, SYF stock has decreased by 25.8% and is now trading at $34.43.
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Synchrony Financial is scheduled to release its next quarterly earnings announcement on Tuesday, October 18th 2022.
View our SYF earnings forecast.

Synchrony Financial (NYSE:SYF) announced its quarterly earnings results on Monday, July, 18th. The financial services provider reported $1.60 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.13. Synchrony Financial had a trailing twelve-month return on equity of 27.06% and a net margin of 22.76%. During the same quarter in the prior year, the business earned $2.12 EPS.
Read the conference call transcript.

Synchrony Financial announced a quarterly dividend on Thursday, July 21st. Shareholders of record on Monday, August 1st will be paid 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 2.67%. The ex-dividend date of this dividend is Friday, July 29th. This is an increase 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 2.71%. 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 approved a stock buyback plan 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 reacquire up to 13.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board of directors 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 shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.58%), Assenagon Asset Management S.A. (0.51%), Cooke & Bieler LP (0.49%), Victory Capital Management Inc. (0.40%), Los Angeles Capital Management LLC (0.35%) and Robeco Institutional Asset Management B.V. (0.32%). 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 $34.43.

Synchrony Financial (NYSE:SYF) has a market capitalization of $16.59 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.

Synchrony Financial 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.