Synchrony Financial - SYF Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synchrony Financial in the last twelve months. There are currently 2 sell ratings, 3 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.

12 brokers have issued 1-year target prices for Synchrony Financial's shares. Their SYF share price forecasts range from $22.00 to $52.00. On average, they predict the company's share price to reach $39.80 in the next twelve months. This suggests a possible upside of 13.4% 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 shares have decreased by 24.3% and is now trading at $35.11.
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The company is scheduled to release its next quarterly earnings announcement on Friday, January 27th 2023.
View our SYF earnings forecast.

Synchrony Financial (NYSE:SYF) announced its quarterly earnings results on Tuesday, October, 25th. The financial services provider reported $1.47 EPS for the quarter, topping the consensus estimate of $1.42 by $0.05. The financial services provider had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.84 billion. Synchrony Financial had a net margin of 19.47% and a trailing twelve-month return on equity of 25.56%.
Read the conference call transcript.

Synchrony Financial announced a quarterly dividend on Thursday, October 20th. Shareholders of record on Tuesday, November 1st will be paid a dividend of $0.23 per share on Thursday, November 10th. This represents a $0.92 annualized dividend and a yield of 2.62%. The ex-dividend date is Monday, October 31st.
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 2.63%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 14.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SYF will have a dividend payout ratio of 18.04% 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 authorized a share buyback program on Monday, April 18th 2022, which permits the company to buyback $2,800,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 13.6% of its stock through open market purchases. Stock buyback programs are often a sign 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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (13.62%), BlackRock Inc. (9.35%), State Street Corp (4.88%), Par Capital Management Inc. (1.81%), Dimensional Fund Advisors LP (1.60%) and Bank of New York Mellon Corp (1.58%). Insiders that own company stock include 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 $35.11.

Synchrony Financial (NYSE:SYF) has a market capitalization of $15.82 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 $6.32 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.