One Wealth Advisors LLC acquired a new stake in shares of Synchrony Financial (NYSE:SYF – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,113 shares of the financial services provider’s stock, valued at approximately $769,000.
Other large investors have also recently modified their holdings of the company. FWL Investment Management LLC purchased a new stake in Synchrony Financial during the 3rd quarter valued at about $26,000. Fideuram Asset Management Ireland dac purchased a new position in Synchrony Financial in the 4th quarter worth approximately $29,000. Advisors Asset Management Inc. purchased a new position in Synchrony Financial in the 4th quarter worth approximately $29,000. Palisade Asset Management LLC bought a new stake in Synchrony Financial in the third quarter valued at approximately $29,000. Finally, Reflection Asset Management bought a new stake in Synchrony Financial in the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 96.48% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on SYF. HSBC raised their target price on shares of Synchrony Financial from $93.00 to $97.00 and gave the stock a “buy” rating in a report on Monday, July 13th. JPMorgan Chase & Co. lowered their price target on shares of Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating for the company in a report on Monday, July 13th. Weiss Ratings reissued a “buy (b-)” rating on shares of Synchrony Financial in a research report on Friday, July 17th. UBS Group raised their price target on shares of Synchrony Financial from $84.00 to $87.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Finally, Barclays boosted their price objective on shares of Synchrony Financial from $82.00 to $93.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Twelve equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Synchrony Financial has a consensus rating of “Moderate Buy” and an average target price of $87.89.
Synchrony Financial Price Performance
Shares of SYF stock opened at $81.04 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.22 and a current ratio of 1.22. Synchrony Financial has a fifty-two week low of $63.08 and a fifty-two week high of $88.77. The firm has a market cap of $26.37 billion, a P/E ratio of 8.30, a P/E/G ratio of 0.76 and a beta of 1.32. The business’s 50 day moving average price is $75.37 and its 200-day moving average price is $72.73.
Synchrony Financial (NYSE:SYF – Get Free Report) last announced its earnings results 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 return on equity of 23.09% and a net margin of 15.44%.The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the prior year, the company earned $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. On average, equities research analysts anticipate that Synchrony Financial will post 9.37 earnings per share for the current year.
Synchrony Financial Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Wednesday, August 5th will be issued a $0.34 dividend. This is a boost from Synchrony Financial’s previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, August 5th. This represents a $1.36 annualized dividend and a yield of 1.7%. Synchrony Financial’s dividend payout ratio (DPR) is currently 13.93%.
Synchrony Financial announced that its board has approved a stock buyback program on Tuesday, April 21st that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
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.
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