Synchrony Financial (SYF) Stock Forecast, Price & News

15 Wall Street 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 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 equities research analysts have issued twelve-month target prices for Synchrony Financial's shares. Their SYF share price forecasts range from $26.00 to $51.00. On average, they predict the company's share price to reach $37.53 in the next year. This suggests a possible upside of 25.0% 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 decreased by 8.6% and is now trading at $30.02.
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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) announced its quarterly earnings data on Wednesday, April, 19th. The financial services provider reported $1.35 earnings per share for the quarter, missing analysts' consensus estimates 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 trailing twelve-month return on equity of 21.68% and a net margin of 14.93%. During the same period in the previous year, the business earned $1.73 earnings per share.
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Synchrony Financial announced a quarterly dividend on Thursday, April 20th. Investors of record on Tuesday, May 2nd will be paid a dividend of $0.23 per share on Friday, May 12th. This represents a $0.92 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date 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 Dorsey Wright Momentum & Value ETF (DVLU), First Trust Rising Dividend Achievers ETF (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 3.07%. 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 17.83% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SYF.

Synchrony Financial announced that its board has initiated a stock repurchase program on Tuesday, April 25th 2023, which allows the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 8% of its stock through open market purchases. Stock repurchase programs are usually 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 institutional and retail investors. Top institutional investors 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 $30.02.

Synchrony Financial (NYSE:SYF) has a market capitalization of $12.87 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.