Synchrony Financial (NYSE:SYF) Coverage Initiated at Loop Capital

Analysts at Loop Capital began coverage on shares of Synchrony Financial (NYSE:SYF) in a note issued to investors on Friday. The firm set a “hold” rating and a $81.00 price target on the financial services provider’s stock. Loop Capital’s target price indicates a potential upside of 12.52% from the company’s previous close.

A number of other equities research analysts have also recently commented on SYF. JPMorgan Chase & Co. reduced their price objective on Synchrony Financial from $84.00 to $73.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Compass Point raised Synchrony Financial from a “neutral” rating to a “buy” rating and set a $96.00 price objective for the company in a research note on Wednesday, January 28th. Wells Fargo & Company reduced their price objective on Synchrony Financial from $100.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Barclays raised their price objective on Synchrony Financial from $82.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Finally, Royal Bank Of Canada reduced their price objective on Synchrony Financial from $91.00 to $85.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $86.05.

Synchrony Financial Stock Down 0.1%

Shares of NYSE SYF opened at $71.99 on Friday. The company has a market capitalization of $24.21 billion, a P/E ratio of 7.44, a price-to-earnings-growth ratio of 0.63 and a beta of 1.37. Synchrony Financial has a 52-week low of $55.67 and a 52-week high of $88.77. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.24 and a current ratio of 1.24. The company’s 50 day moving average price is $71.04 and its 200-day moving average price is $74.84.

Synchrony Financial (NYSE:SYF) last released its earnings results on Tuesday, April 21st. The financial services provider reported $2.27 EPS for the quarter, topping the consensus estimate of $2.14 by $0.13. Synchrony Financial had a return on equity of 23.41% and a net margin of 15.80%.The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.81 billion. During the same quarter last year, the firm posted $1.89 earnings per share. The firm’s revenue was down 7.4% on a year-over-year basis. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. Equities analysts forecast that Synchrony Financial will post 9.29 earnings per share for the current year.

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

Insider Buying and Selling at Synchrony Financial

In related news, insider Brian D. Doubles sold 217,554 shares of Synchrony Financial stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $68.68, for a total transaction of $14,941,608.72. Following the sale, the insider directly owned 829,222 shares in the company, valued at approximately $56,950,966.96. This trade represents a 20.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jonathan S. Mothner sold 51,258 shares of Synchrony Financial stock in a transaction on Friday, May 15th. The stock was sold at an average price of $71.23, for a total value of $3,651,107.34. Following 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 374,630 shares of company stock valued at $25,731,741 in the last ninety days. 0.36% of the stock is owned by corporate insiders.

Institutional Trading of Synchrony Financial

Several hedge funds have recently made changes to their positions in the company. State Street Corp raised its stake in shares of Synchrony Financial by 1.0% in the third quarter. State Street Corp now owns 19,080,903 shares of the financial services provider’s stock valued at $1,355,698,000 after buying an additional 191,920 shares during the period. Bank of America Corp DE raised its stake in shares of Synchrony Financial by 5.4% in the third quarter. Bank of America Corp DE now owns 14,335,213 shares of the financial services provider’s stock valued at $1,018,517,000 after buying an additional 739,832 shares during the period. Morgan Stanley raised its stake in shares of Synchrony Financial by 7.6% in the fourth quarter. Morgan Stanley now owns 6,230,111 shares of the financial services provider’s stock valued at $519,778,000 after buying an additional 442,226 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Synchrony Financial by 6.4% in the first quarter. Dimensional Fund Advisors LP now owns 6,039,753 shares of the financial services provider’s stock valued at $410,760,000 after buying an additional 365,353 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Synchrony Financial by 10.4% in the fourth quarter. Invesco Ltd. now owns 5,490,921 shares of the financial services provider’s stock valued at $458,108,000 after buying an additional 517,781 shares during the period. 96.48% of the stock is currently owned by institutional investors.

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.