JPMorgan Chase & Co. Cuts Synchrony Financial (NYSE:SYF) Price Target to $84.00

Synchrony Financial (NYSE:SYF) had its target price reduced by JPMorgan Chase & Co. from $86.00 to $84.00 in a report issued on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the financial services provider’s stock.

SYF has been the topic of several other research reports. Evercore ISI lifted their price objective on Synchrony Financial from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Tuesday, September 30th. Hsbc Global Res raised Synchrony Financial from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 9th. Truist Financial boosted their price objective on Synchrony Financial from $78.00 to $92.00 and gave the company a “hold” rating in a research report on Monday, December 22nd. Royal Bank Of Canada cut their target price on shares of Synchrony Financial from $91.00 to $85.00 and set a “sector perform” rating on the stock in a report on Wednesday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Synchrony Financial in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $87.05.

Synchrony Financial Price Performance

Shares of Synchrony Financial stock opened at $72.63 on Wednesday. Synchrony Financial has a 52-week low of $40.54 and a 52-week high of $88.77. The stock has a market capitalization of $26.16 billion, a price-to-earnings ratio of 7.82, a price-to-earnings-growth ratio of 0.51 and a beta of 1.43. The company has a fifty day moving average of $80.96 and a 200-day moving average of $75.64. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.24 and a current ratio of 1.24.

Synchrony Financial (NYSE:SYF) last issued its earnings results on Tuesday, January 27th. The financial services provider reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.16. The company had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.84 billion. Synchrony Financial had a net margin of 15.72% and a return on equity of 23.07%. The firm’s revenue was down .2% compared to the same quarter last year. During the same quarter last year, the company earned $1.91 EPS. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. Equities research analysts expect that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial announced that its board has approved a stock buyback program on Wednesday, October 15th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to purchase up to 3.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Synchrony Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Friday, February 6th will be issued a $0.30 dividend. The ex-dividend date is Friday, February 6th. This represents a $1.20 annualized dividend and a yield of 1.7%. Synchrony Financial’s dividend payout ratio is 12.92%.

Insider Activity at Synchrony Financial

In other Synchrony Financial news, insider Curtis Howse sold 12,086 shares of Synchrony Financial stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $74.02, for a total transaction of $894,605.72. Following the sale, the insider directly owned 108,271 shares of the company’s stock, valued at approximately $8,014,219.42. The trade was a 10.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Arthur W. Coviello, Jr. sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $73.93, for a total value of $591,440.00. Following the transaction, the director owned 35,769 shares in the company, valued at $2,644,402.17. This trade represents a 18.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 55,075 shares of company stock worth $4,036,892. 0.32% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Synchrony Financial

Several hedge funds have recently made changes to their positions in the company. Colonial Trust Co SC raised its holdings in Synchrony Financial by 40.2% in the third quarter. Colonial Trust Co SC now owns 474 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 136 shares in the last quarter. CoreCap Advisors LLC grew its position in shares of Synchrony Financial by 34.4% in the 4th quarter. CoreCap Advisors LLC now owns 543 shares of the financial services provider’s stock worth $45,000 after buying an additional 139 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Synchrony Financial by 15.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,106 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 145 shares in the last quarter. United Community Bank lifted its position in Synchrony Financial by 3.4% during the 3rd quarter. United Community Bank now owns 4,469 shares of the financial services provider’s stock valued at $318,000 after acquiring an additional 145 shares during the period. Finally, Choreo LLC boosted its stake in Synchrony Financial by 1.1% during the fourth quarter. Choreo LLC now owns 13,486 shares of the financial services provider’s stock worth $1,137,000 after acquiring an additional 145 shares in the last quarter. 96.48% of the stock is currently owned by institutional investors.

Synchrony Financial Company Profile

Synchrony Financial (NYSE: SYF) is a consumer financial services company that specializes in providing point-of-sale financing and private-label, co-branded and branded credit card programs. The company serves as a payments and lending partner to retailers, digital merchants and service providers, offering consumer financing solutions designed to drive customer engagement and sales. Synchrony also operates a direct bank that offers deposit products, including savings accounts and certificates of deposit, which support its funding and customer-facing product suite.

Its core product set includes private-label and co-branded credit cards, general-purpose credit cards, installment loan programs and promotional financing options that are integrated into merchants’ checkout experiences.