Synchrony Financial (SYF) Stock Forecast, Price & News

14 Wall Street equities 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 6 buy ratings for the stock. The consensus among Wall Street equities 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.

14 analysts have issued 1 year price targets for Synchrony Financial's shares. Their SYF share price forecasts range from $29.00 to $51.00. On average, they predict the company's share price to reach $37.00 in the next year. This suggests a possible upside of 6.4% 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 $32.86 on January 1st, 2023. Since then, SYF shares have increased by 5.8% and is now trading at $34.77.
View the best growth stocks for 2023 here.

Synchrony Financial saw a decrease in short interest in the month of July. As of July 15th, there was short interest totaling 14,910,000 shares, a decrease of 22.8% from the June 30th total of 19,310,000 shares. Based on an average daily trading volume, of 5,790,000 shares, the days-to-cover ratio is currently 2.6 days. Approximately 3.6% of the company's shares are short sold.
View Synchrony Financial's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our SYF earnings forecast.

Synchrony Financial (NYSE:SYF) posted its quarterly earnings data on Tuesday, July, 18th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.25 by $0.07. The financial services provider had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.10 billion. Synchrony Financial had a net margin of 12.90% and a trailing twelve-month return on equity of 19.79%. During the same quarter in the previous year, the company earned $1.60 earnings per share.
Read the conference call transcript.

Synchrony Financial declared a quarterly dividend on Thursday, July 20th. Stockholders of record on Monday, July 31st will be given a dividend of $0.25 per share on Thursday, August 10th. This represents a $1.00 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Friday, July 28th. This is an increase from the stock's previous quarterly dividend of $0.23.
Read our dividend analysis for SYF.

ETFs with the largest weight of Synchrony Financial (NYSE:SYF) stock in their portfolio include BTD Capital Fund (DIP), LeaderShares AlphaFactor Tactical Focused ETF (LSAT), BlackRock Future Financial and Technology ETF (BPAY), First Trust Long/Short Equity ETF (FTLS), FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI), First Trust NASDAQ Rising Dividend Achievers (RDVY), SEI Large Cap Value Factor ETF (SEIV) and Harbor Corporate Culture Leaders ETF (HAPY).

Synchrony Financial (NYSE:SYF) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.88%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 18.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SYF will have a dividend payout ratio of 19.42% 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 authorized a stock buyback program on Tuesday, April 25th 2023, which authorizes the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 8% of its stock through open market purchases. Stock repurchase 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 a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.88%), Geode Capital Management LLC (2.20%), Dimensional Fund Advisors LP (1.54%), Bank of New York Mellon Corp (1.22%), Northern Trust Corp (1.15%) and Charles Schwab Investment Management Inc. (0.81%). Insiders that own company stock include Alberto Casellas, Bart Schaller, Brian D Doubles, Carol Juel, David P Melito, Margaret M Keane and Paul Whynott.
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 $34.77.

Synchrony Financial (NYSE:SYF) has a market capitalization of $14.54 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 $5.40 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.