10,930 Shares in Synchrony Financial $SYF Acquired by Quantitative Investment Management LLC

Quantitative Investment Management LLC acquired a new stake in Synchrony Financial (NYSE:SYF) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,930 shares of the financial services provider’s stock, valued at approximately $831,000.

Several other institutional investors have also added to or reduced their stakes in SYF. BlackRock Inc. acquired a new stake in shares of Synchrony Financial in the 2nd quarter valued at $2,349,452,000. Bank of America Corp DE acquired a new position in shares of Synchrony Financial during the 2nd quarter worth $1,122,961,000. Norges Bank acquired a new position in shares of Synchrony Financial during the 4th quarter worth $383,231,000. Legal & General Group Plc bought a new stake in shares of Synchrony Financial during the 2nd quarter worth $209,305,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Synchrony Financial during the 2nd quarter worth $193,684,000. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Synchrony Financial Price Performance

Shares of SYF opened at $76.63 on Wednesday. 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 stock has a market cap of $24.93 billion, a PE ratio of 7.85, a PEG ratio of 0.71 and a beta of 1.32. Synchrony Financial has a 12-month low of $63.08 and a 12-month high of $88.77. The business has a 50-day simple moving average of $76.70 and a two-hundred day simple moving average of $73.16.

Synchrony Financial (NYSE:SYF) last announced its quarterly 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 firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period last year, the firm posted $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Analysts anticipate that Synchrony Financial will post 9.37 earnings per share 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 given a dividend of $0.34 per share. The ex-dividend date was Wednesday, August 5th. This represents a $1.36 annualized dividend and a yield of 1.8%. This is a boost from Synchrony Financial’s previous quarterly dividend of $0.30. Synchrony Financial’s dividend payout ratio is 13.93%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Synchrony Financial in a research report on Friday, July 17th. TD Cowen raised their price target on shares of Synchrony Financial from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. HSBC lifted their price target on shares of Synchrony Financial from $93.00 to $97.00 and gave the company a “buy” rating in a report on Monday, July 13th. Wells Fargo & Company lowered their price objective 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. Finally, Wolfe Research increased their price objective on shares of Synchrony Financial from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. 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 data from MarketBeat.com, Synchrony Financial currently has an average rating of “Moderate Buy” and a consensus target price of $87.78.

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.