109,331 Synchrony Financial $SYF Shares Purchased by Artemis Investment Management LLP

Artemis Investment Management LLP lifted its position in shares of Synchrony Financial (NYSE:SYF - Free Report) by 27.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 512,567 shares of the financial services provider's stock after purchasing an additional 109,331 shares during the period. Artemis Investment Management LLP owned about 0.16% of Synchrony Financial worth $36,377,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Elevation Wealth Partners LLC boosted its position in Synchrony Financial by 58.4% during the 3rd quarter. Elevation Wealth Partners LLC now owns 1,098 shares of the financial services provider's stock worth $78,000 after buying an additional 405 shares during the period. Greenfield Savings Bank increased its position in Synchrony Financial by 3.3% in the 3rd quarter. Greenfield Savings Bank now owns 8,203 shares of the financial services provider's stock valued at $582,000 after acquiring an additional 261 shares during the period. Kwmg LLC raised its stake in shares of Synchrony Financial by 2.2% during the third quarter. Kwmg LLC now owns 117,910 shares of the financial services provider's stock valued at $8,368,000 after acquiring an additional 2,586 shares during the last quarter. CX Institutional lifted its holdings in shares of Synchrony Financial by 33.7% during the third quarter. CX Institutional now owns 78,791 shares of the financial services provider's stock worth $5,592,000 after purchasing an additional 19,868 shares during the period. Finally, Versant Capital Management Inc grew its stake in shares of Synchrony Financial by 4.4% in the third quarter. Versant Capital Management Inc now owns 7,857 shares of the financial services provider's stock worth $558,000 after purchasing an additional 333 shares during the last quarter. Institutional investors and hedge funds own 96.48% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. UBS Group decreased their price objective on Synchrony Financial from $87.00 to $81.00 and set a "neutral" rating for the company in a report on Monday. TD Cowen reduced their price target on Synchrony Financial from $90.00 to $86.00 and set a "buy" rating on the stock in a research report on Tuesday. 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. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Synchrony Financial in a research note on Friday, July 17th. Finally, JPMorgan Chase & Co. reduced their target price on Synchrony Financial from $81.00 to $78.00 and set a "neutral" rating on the stock in a report on Monday, July 13th. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Synchrony Financial currently has an average rating of "Moderate Buy" and a consensus price target of $88.29.

Synchrony Financial Trading Up 1.4%

SYF stock traded up $0.98 during midday trading on Thursday, hitting $72.91. The stock had a trading volume of 866,317 shares, compared to its average volume of 3,900,103. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.08. The firm has a market cap of $23.72 billion, a P/E ratio of 7.47, a price-to-earnings-growth ratio of 0.62 and a beta of 1.35. The business has a fifty day moving average price of $76.63 and a two-hundred day moving average price of $74.22. Synchrony Financial has a 1-year low of $63.08 and a 1-year high of $88.77.

Synchrony Financial (NYSE:SYF - Get Free Report) last issued its quarterly earnings results 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. 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 during the quarter, compared to the consensus estimate of $3.72 billion. During the same period last year, the business posted $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. On average, sell-side analysts predict that Synchrony Financial will post 9.38 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 paid a dividend of $0.34 per share. This is an increase from Synchrony Financial's previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Wednesday, August 5th. Synchrony Financial's payout ratio is 13.93%.

Synchrony Financial Profile

Synchrony Financial NYSE: SYF is a consumer financial services company that provides credit products and related services through partnerships with retailers, manufacturers, healthcare providers and other businesses. The company is best known for private-label credit cards and dual-use credit cards that allow consumers to finance purchases with participating brands.

Synchrony's offerings also include promotional financing, installment loans and other consumer payment solutions. Its products support spending across areas such as retail, home improvement, consumer electronics, healthcare, automotive and lifestyle purchases.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.