89,814 Shares in Synchrony Financial $SYF Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new position in Synchrony Financial (NYSE:SYF) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 89,814 shares of the financial services provider’s stock, valued at approximately $6,374,000.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Synchrony Financial during the 2nd quarter valued at $2,349,452,000. Bank of America Corp DE bought a new stake in Synchrony Financial in the 2nd quarter worth $1,122,961,000. Dimensional Fund Advisors LP grew its holdings in Synchrony Financial by 6.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,039,753 shares of the financial services provider’s stock worth $410,760,000 after acquiring an additional 365,353 shares during the last quarter. First Trust Advisors LP grew its holdings in Synchrony Financial by 5.6% in the 1st quarter. First Trust Advisors LP now owns 5,338,110 shares of the financial services provider’s stock worth $363,098,000 after acquiring an additional 281,451 shares during the last quarter. Finally, Assetmark Inc. increased its position in shares of Synchrony Financial by 0.9% in the first quarter. Assetmark Inc. now owns 4,338,604 shares of the financial services provider’s stock valued at $295,112,000 after acquiring an additional 37,114 shares during the period. 96.48% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Synchrony Financial

Here are the key news stories impacting Synchrony Financial this week:

• Positive Sentiment: Zacks raised its FY2027 EPS forecast to $10.48 from $10.24 and FY2028 forecast to $11.67 from $11.57. It also increased estimates for Q2 2027, Q2 2028 and Q3 2028, signaling improved expectations for some future periods. Synchrony Financial coverage
• Negative Sentiment: Zacks lowered estimates for Q4 2026 EPS to $1.98 from $2.09, Q1 2027 to $2.31 from $2.32, Q4 2027 to $2.47 from $2.72, and Q1 2028 to $2.53 from $2.63. These cuts temper the more favorable longer-term revisions and may contribute to weaker investor sentiment. Synchrony Financial coverage

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. UBS Group lowered their price objective on shares of Synchrony Financial from $81.00 to $80.00 and set a “neutral” rating for the company in a research note on Monday. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Synchrony Financial in a report on Tuesday, October 20th. Robert W. Baird raised their target price on Synchrony Financial from $86.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Barclays boosted their price target on Synchrony Financial from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. Finally, Weiss Ratings upgraded Synchrony Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $87.78.

Synchrony Financial Stock Performance

Shares of SYF stock opened at $74.13 on Friday. The stock has a fifty day moving average of $74.64 and a 200 day moving average of $73.58. Synchrony Financial has a 52 week low of $63.08 and a 52 week high of $88.77. The firm has a market capitalization of $23.09 billion, a price-to-earnings ratio of 7.72, a PEG ratio of 0.93 and a beta of 1.40. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.15.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $2.68 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.26. The business had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Synchrony Financial had a net margin of 14.59% and a return on equity of 22.26%. During the same quarter in the previous year, the business posted $2.86 earnings per share. As a group, research analysts expect that Synchrony Financial will post 9.59 earnings per share for the current year.

Synchrony Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Thursday, November 5th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, November 5th. Synchrony Financial’s dividend payout ratio (DPR) is currently 14.20%.

About Synchrony Financial

Synchrony Financial (NYSE: SYF) is a consumer financial services company that provides private-label credit cards, co-branded credit cards and promotional financing programs. Its financing products are offered through retailers, manufacturers, healthcare providers and other businesses, helping consumers pay for purchases over time.

The company serves a range of industries, including digital commerce, home improvement, furniture, automotive, healthcare, jewelry, apparel, electronics and specialty retail.