UBS Group Boosts Synchrony Financial (NYSE:SYF) Price Target to $84.00

Synchrony Financial (NYSE:SYF) had its target price upped by equities researchers at UBS Group from $77.00 to $84.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. UBS Group’s target price points to a potential upside of 9.03% from the company’s previous close.

Several other equities research analysts have also issued reports on the stock. Barclays lifted their price target on shares of Synchrony Financial from $82.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Wells Fargo & Company reduced their price objective on shares of Synchrony Financial from $100.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. JPMorgan Chase & Co. decreased their price objective on Synchrony Financial from $84.00 to $73.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Synchrony Financial in a research report on Monday, April 20th. Finally, BTIG Research lowered Synchrony Financial from a “buy” rating to a “neutral” rating in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Synchrony Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.74.

Synchrony Financial Price Performance

Shares of SYF opened at $77.04 on Tuesday. The stock has a market capitalization of $25.91 billion, a P/E ratio of 7.97, a P/E/G ratio of 0.67 and a beta of 1.32. Synchrony Financial has a twelve month low of $63.08 and a twelve month high of $88.77. The company has a 50 day moving average of $73.51 and a 200-day moving average of $74.17. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.08.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.13. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.81 billion. Synchrony Financial had a net margin of 15.80% and a return on equity of 23.41%. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.89 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. As a group, equities research analysts forecast that Synchrony Financial will post 9.34 EPS for the current fiscal year.

Synchrony Financial announced that its board has initiated a stock buyback program on Tuesday, April 21st that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other Synchrony Financial news, insider Jonathan S. Mothner sold 51,258 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $71.23, for a total value of $3,651,107.34. Following the completion of the sale, the insider owned 132,664 shares in the company, valued at $9,449,656.72. This trade represents a 27.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.36% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Synchrony Financial

A number of institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank acquired a new stake in Synchrony Financial in the 4th quarter valued at about $383,231,000. Bank of America Corp DE increased its position in Synchrony Financial by 34.6% during the second quarter. Bank of America Corp DE now owns 13,595,381 shares of the financial services provider’s stock worth $907,356,000 after buying an additional 3,494,741 shares during the last quarter. PFA Pension Forsikringsaktieselskab acquired a new position in Synchrony Financial during the fourth quarter worth approximately $84,494,000. Worldquant Millennium Advisors LLC raised its stake in Synchrony Financial by 222.5% in the second quarter. Worldquant Millennium Advisors LLC now owns 937,296 shares of the financial services provider’s stock valued at $62,555,000 after buying an additional 646,642 shares during the period. Finally, Nordea Investment Management AB raised its stake in Synchrony Financial by 13.0% in the fourth quarter. Nordea Investment Management AB now owns 5,134,903 shares of the financial services provider’s stock valued at $431,999,000 after buying an additional 592,567 shares during the period. 96.48% of the stock is 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.