Truist Financial Has Lowered Expectations for Synchrony Financial (NYSE:SYF) Stock Price

Synchrony Financial (NYSE:SYF) had its price target decreased by Truist Financial from $92.00 to $84.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the financial services provider’s stock. Truist Financial’s price objective would indicate a potential upside of 15.65% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. TD Cowen boosted their price objective on Synchrony Financial from $91.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Wolfe Research began coverage on Synchrony Financial in a report on Monday, December 8th. They set an “outperform” rating and a $92.00 price target on the stock. HSBC upgraded shares of Synchrony Financial from a “hold” rating to a “buy” rating and raised their price objective for the company from $73.00 to $81.00 in a report on Friday, October 10th. Wall Street Zen raised shares of Synchrony Financial from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Finally, UBS Group raised their price target on shares of Synchrony Financial from $78.00 to $79.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.05.

Synchrony Financial Price Performance

Shares of NYSE:SYF opened at $72.63 on Thursday. The company has a market cap of $26.16 billion, a price-to-earnings ratio of 7.82, a PEG ratio of 0.51 and a beta of 1.43. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a 50 day simple moving average of $80.96 and a 200 day simple moving average of $75.64. Synchrony Financial has a one year low of $40.54 and a one year high of $88.77.

Synchrony Financial (NYSE:SYF) last posted its earnings results on Tuesday, January 27th. The financial services provider reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.16. The firm 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 company’s revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.91 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. Research analysts predict that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial announced that its Board of Directors has approved a share buyback plan on Wednesday, October 15th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to buy up to 3.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other Synchrony Financial news, Director Arthur W. Coviello, Jr. sold 8,000 shares of Synchrony Financial 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 completion of the sale, the director directly owned 35,769 shares in the company, valued at approximately $2,644,402.17. The trade was a 18.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Darrell Owens sold 2,989 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $74.02, for a total value of $221,245.78. Following the transaction, the insider owned 16,096 shares in the company, valued at $1,191,425.92. The trade was a 15.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 55,075 shares of company stock valued at $4,036,892. Insiders own 0.32% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SYF. Norges Bank bought a new stake in Synchrony Financial in the second quarter valued at $299,360,000. Bank of America Corp DE grew its stake in shares of Synchrony Financial by 34.6% in the 2nd quarter. Bank of America Corp DE now owns 13,595,381 shares of the financial services provider’s stock valued at $907,356,000 after buying an additional 3,494,741 shares during the period. Assetmark Inc. increased its position in Synchrony Financial by 48.3% in the 3rd quarter. Assetmark Inc. now owns 4,349,059 shares of the financial services provider’s stock valued at $309,001,000 after buying an additional 1,416,909 shares in the last quarter. Voya Investment Management LLC raised its stake in Synchrony Financial by 149.4% during the 3rd quarter. Voya Investment Management LLC now owns 1,803,690 shares of the financial services provider’s stock worth $127,844,000 after buying an additional 1,080,389 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Synchrony Financial during the 2nd quarter worth approximately $64,429,000. Institutional investors and hedge funds own 96.48% of the company’s stock.

About Synchrony Financial

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.