214,112 Shares in Synchrony Financial $SYF Purchased by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Synchrony Financial (NYSE:SYF) during the second quarter, HoldingsChannel reports. The fund acquired 214,112 shares of the financial services provider’s stock, valued at approximately $16,281,000.

A number of other hedge funds also recently made changes to their positions in the business. Rakuten Investment Management Inc. acquired a new stake in Synchrony Financial in the second quarter valued at about $4,362,000. Orion Capital Management LLC purchased a new position in shares of Synchrony Financial during the 2nd quarter valued at $287,000. Empowered Funds LLC purchased a new position in Synchrony Financial during the second quarter valued at approximately $6,647,000. United Capital Financial Advisors LLC bought a new position in Synchrony Financial in the second quarter valued at $1,308,000. Finally, Equitable Holdings Inc. bought a new position in shares of Synchrony Financial in the second quarter worth approximately $245,000. 96.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating on the stock in a research report on Monday, July 13th. Wells Fargo & Company decreased their price target on Synchrony Financial from $95.00 to $88.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. TD Cowen increased their target price on Synchrony Financial from $89.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Royal Bank Of Canada decreased their target price on Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 22nd. Finally, UBS Group upped their price target on shares of Synchrony Financial from $84.00 to $87.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Twelve research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $87.78.

Synchrony Financial Price Performance

NYSE:SYF opened at $78.21 on Friday. The stock has a market capitalization of $25.45 billion, a PE ratio of 8.01, a price-to-earnings-growth ratio of 0.73 and a beta of 1.32. Synchrony Financial has a 52 week low of $63.08 and a 52 week high of $88.77. The stock’s 50-day moving average price is $76.64 and its 200-day moving average price is $73.11. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.08.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.45. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.72 billion. Synchrony Financial had a return on equity of 23.09% and a net margin of 15.44%.During the same quarter in the previous year, the company posted $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, equities analysts expect that Synchrony Financial will post 9.39 EPS for the current fiscal year.

Synchrony Financial Increases Dividend

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

Synchrony Financial 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.