108,337 Shares in Synchrony Financial $SYF Purchased by L2 Asset Management LLC

Key Points

• L2 Asset Management LLC purchased 108,337 shares of Synchrony Financial worth approximately $8.24 million, making SYF its 27th-largest holding. Institutional investors collectively own 96.48% of the company.
• Synchrony reported quarterly EPS of $2.59, beating estimates by $0.45, on revenue of $3.72 billion. The company provided fiscal 2026 EPS guidance of $9.25–$9.50.
• Synchrony increased its quarterly dividend from $0.30 to $0.34 per share, equivalent to an annualized $1.36 payout and a 1.7% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $87.89.

L2 Asset Management LLC bought a new stake in Synchrony Financial (NYSE:SYF - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 108,337 shares of the financial services provider's stock, valued at approximately $8,239,000. Synchrony Financial comprises approximately 0.9% of L2 Asset Management LLC's portfolio, making the stock its 27th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of Synchrony Financial in the 2nd quarter worth approximately $2,349,452,000. Norges Bank purchased a new position in Synchrony Financial in the fourth quarter valued at approximately $383,231,000. Bank of America Corp DE grew its holdings in Synchrony Financial by 34.6% during the second quarter. Bank of America Corp DE now owns 13,595,381 shares of the financial services provider's stock valued at $907,356,000 after purchasing an additional 3,494,741 shares during the period. Bank of New York Mellon Corp bought a new position in Synchrony Financial during the second quarter valued at $193,684,000. Finally, Deutsche Bank AG purchased a new stake in Synchrony Financial in the second quarter worth $186,973,000. 96.48% of the stock is owned by institutional investors.

Synchrony Financial Stock Up 0.7%

Synchrony Financial stock opened at $80.06 on Tuesday. The firm has a 50 day simple moving average of $76.26 and a 200 day simple moving average of $72.96. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.08. Synchrony Financial has a 1-year low of $63.08 and a 1-year high of $88.77. The firm has a market capitalization of $26.05 billion, a price-to-earnings ratio of 8.20, a P/E/G ratio of 0.73 and a beta of 1.32.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted its earnings results 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 prior year, the business posted $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. On average, analysts predict 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 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. The ex-dividend date of this dividend was Wednesday, August 5th. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. Synchrony Financial's payout ratio is currently 13.93%.

Analysts Set New Price Targets

Several brokerages have issued reports on SYF. Wells Fargo & Company lowered their target price on Synchrony Financial from $95.00 to $88.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 22nd. Loop Capital began coverage on Synchrony Financial in a research note on Friday, May 22nd. They set a "hold" rating and a $81.00 price target for the company. JPMorgan Chase & Co. decreased their price objective on 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 restated a "buy (b-)" rating on shares of Synchrony Financial in a research note on Friday, July 17th. Finally, Royal Bank Of Canada lowered their price objective on Synchrony Financial from $85.00 to $80.00 and set a "sector perform" rating on the stock in a research note on Wednesday, July 22nd. Twelve analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $87.89.

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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