Denali Advisors LLC Purchases Shares of 21,649 Synchrony Financial $SYF

Denali Advisors LLC purchased a new stake in Synchrony Financial (NYSE:SYF) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 21,649 shares of the financial services provider’s stock, valued at approximately $1,646,000.

Other institutional investors and hedge funds have also modified their holdings of the company. KTF Investments LLC acquired a new stake in Synchrony Financial in the 4th quarter valued at about $3,923,000. Assenagon Asset Management S.A. increased its position in shares of Synchrony Financial by 959.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 545,880 shares of the financial services provider’s stock worth $37,131,000 after purchasing an additional 494,354 shares during the last quarter. Jefferies Financial Group Inc. raised its stake in shares of Synchrony Financial by 701.9% in the 4th quarter. Jefferies Financial Group Inc. now owns 120,996 shares of the financial services provider’s stock valued at $10,095,000 after acquiring an additional 105,907 shares during the period. Forsta AP Fonden raised its position in Synchrony Financial by 7.7% in the fourth quarter. Forsta AP Fonden now owns 228,900 shares of the financial services provider’s stock valued at $19,097,000 after purchasing an additional 16,400 shares during the period. Finally, PFA Pension Forsikringsaktieselskab purchased a new stake in shares of Synchrony Financial in the 4th quarter valued at $84,494,000. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Truist Financial raised their price objective on shares of Synchrony Financial from $71.00 to $82.00 and gave the company a “hold” rating in a research note on Thursday, April 23rd. BTIG Research lowered shares of Synchrony Financial from a “buy” rating to a “neutral” rating in a report on Wednesday, April 22nd. Wells Fargo & Company decreased their price target on shares of Synchrony Financial from $95.00 to $88.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Royal Bank Of Canada dropped their price target on shares of Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 22nd. Finally, HSBC increased their price objective on Synchrony Financial from $93.00 to $97.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Twelve analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $87.89.

Synchrony Financial Stock Down 1.2%

Shares of Synchrony Financial stock opened at $79.64 on Thursday. Synchrony Financial has a 52-week low of $63.08 and a 52-week high of $88.77. The company has a 50 day moving average of $75.95 and a 200 day moving average of $72.85. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $25.91 billion, a P/E ratio of 8.16, a P/E/G ratio of 0.74 and a beta of 1.32.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.45. Synchrony Financial had a net margin of 15.44% and a return on equity of 23.09%. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the prior year, the firm posted $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, research analysts forecast that Synchrony Financial will post 9.37 EPS for the current fiscal year.

Synchrony Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Wednesday, August 5th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.7%. This is a boost from Synchrony Financial’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, August 5th. Synchrony Financial’s dividend payout ratio is currently 13.93%.

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.