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 1 sell rating, 7 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.
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15 brokers have issued 1 year price targets for Synchrony Financial's stock. Their SYF share price forecasts range from $26.00 to $51.00. On average, they anticipate the company's share price to reach $37.47 in the next year. This suggests a possible upside of 11.2% from the stock's current price.
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Synchrony Financial's stock was trading at $32.86 at the beginning of the year. Since then, SYF shares have increased by 2.5% and is now trading at $33.6950.
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The company is scheduled to release its next quarterly earnings announcement on Monday, July 17th 2023.
View our SYF earnings forecast.

Synchrony Financial (NYSE:SYF) posted its earnings results on Wednesday, April, 19th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by $0.02. The financial services provider had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $4.02 billion. Synchrony Financial had a net margin of 14.93% and a trailing twelve-month return on equity of 21.68%. During the same period last year, the business posted $1.73 EPS.
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Synchrony Financial declared a quarterly dividend on Thursday, April 20th. Investors of record on Tuesday, May 2nd will be given a dividend of $0.23 per share on Friday, May 12th. This represents a $0.92 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Monday, May 1st.
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 NASDAQ Rising Dividend Achievers (RDVY), FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI), Proshares Equities For Rising Rates ETF (EQRR), SEI Enhanced U.S. Large Cap Value Factor ETF (SEIV), Invesco S&P 500 Equal Weight Financials ETF (RYF) and Invesco Dynamic Market ETF (PWC).

Synchrony Financial (NYSE:SYF) pays an annual dividend of $0.92 per share and currently has a dividend yield of 2.72%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SYF will have a dividend payout ratio of 17.76% 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 share buyback program on Tuesday, April 25th 2023, which authorizes the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 8% of its stock through open market purchases. Stock repurchase programs are typically 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.59%), State Street Corp (4.72%), Bank of America Corp DE (3.91%), Geode Capital Management LLC (2.16%), Southpoint Capital Advisors LP (1.75%) and Dimensional Fund Advisors LP (1.61%). Insiders that own company stock include Alberto Casellas, Bart Schaller, Carol Juel, David P Melito, 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 $33.70.

Synchrony Financial (NYSE:SYF) has a market capitalization of $14.44 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 $5.68 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.