105,400 Shares in Synchrony Financial $SYF Acquired by Nykredit A S

Key Points

• Nykredit A S acquired 105,400 shares of Synchrony Financial during the second quarter, valued at approximately $8.0 million. Institutional investors collectively own 96.48% of SYF’s outstanding stock.
• Synchrony reported quarterly EPS of $2.59, beating estimates of $2.14, on revenue of $3.72 billion. The company also raised its quarterly dividend from $0.30 to $0.34 per share.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $88.24; SYF recently traded at $74.94.

Nykredit A S bought a new stake in Synchrony Financial (NYSE:SYF - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 105,400 shares of the financial services provider's stock, valued at approximately $8,016,000.

A number of other large investors also recently modified their holdings of SYF. BlackRock Inc. purchased a new stake in Synchrony Financial during the second quarter worth approximately $2,349,452,000. Bank of America Corp DE purchased a new stake in shares of Synchrony Financial in the second quarter valued at about $1,122,961,000. Dimensional Fund Advisors LP raised its stake in Synchrony Financial by 6.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,039,753 shares of the financial services provider's stock valued at $410,760,000 after acquiring an additional 365,353 shares during the last quarter. Norges Bank acquired a new stake in shares of Synchrony Financial during the fourth quarter worth $383,231,000. Finally, First Trust Advisors LP lifted its stake in shares of 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 period. 96.48% of the stock is owned by hedge funds and other institutional investors.

Synchrony Financial Stock Performance

SYF opened at $74.94 on Tuesday. Synchrony Financial has a 1-year low of $63.08 and a 1-year high of $88.77. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.22 and a quick ratio of 1.22. The business has a 50 day moving average price of $77.14 and a two-hundred day moving average price of $73.72. The company has a market capitalization of $24.38 billion, a price-to-earnings ratio of 7.68, a price-to-earnings-growth ratio of 0.69 and a beta of 1.32.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $3.72 billion. During the same quarter in the previous year, the company earned $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Research analysts predict that Synchrony Financial will post 9.37 EPS for the current fiscal year.

Synchrony Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Wednesday, August 5th were issued a dividend of $0.34 per share. This is a positive change from Synchrony Financial's previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Wednesday, August 5th. Synchrony Financial's dividend payout ratio is 13.93%.

Analysts Set New Price Targets

A number of brokerages have issued reports on SYF. Royal Bank Of Canada dropped their target price on shares of Synchrony Financial from $85.00 to $80.00 and set a "sector perform" rating for the company in a report on Wednesday, July 22nd. Weiss Ratings reiterated a "buy (b-)" rating on shares of Synchrony Financial in a report on Friday, July 17th. Robert W. Baird increased their target price on Synchrony Financial from $86.00 to $90.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 22nd. 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. Finally, Wolfe Research increased their target price on shares of Synchrony Financial from $85.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 25th. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.24.

Synchrony Financial Company Profile

Synchrony Financial NYSE: SYF is a consumer financial services company that provides credit products and financing programs through partnerships with retailers, manufacturers, healthcare providers and other businesses. Its offerings are designed to help consumers finance purchases and manage spending across a range of industries.

The company's products include private-label and co-branded credit cards, promotional financing, installment loans and other consumer payment solutions. Synchrony also provides deposit products and other banking services through Synchrony Bank, including savings accounts, certificates of deposit and money market accounts.

Synchrony primarily serves consumers and business partners in the United States, including customers in retail, home, automotive, healthcare, specialty and other markets.

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