19,868 Synchrony Financial $SYF Shares Acquired by CX Institutional

Key Points

• CX Institutional increased its Synchrony Financial stake by 33.7% in the third quarter, acquiring 19,868 shares and bringing its holdings to 78,791 shares valued at approximately $5.6 million.
• Institutional ownership remains high at 96.48%, with several other investment firms—including Bank of America and Assenagon Asset Management—also adding or initiating positions.
• Synchrony reported quarterly EPS of $2.59, beating estimates by $0.45, and raised its quarterly dividend from $0.30 to $0.34 per share. Analysts maintain a “Moderate Buy” consensus with an average price target of $89.

CX Institutional raised its holdings in shares of Synchrony Financial (NYSE:SYF - Free Report) by 33.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,791 shares of the financial services provider's stock after buying an additional 19,868 shares during the period. CX Institutional's holdings in Synchrony Financial were worth $5,592,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE bought a new stake in Synchrony Financial during the second quarter valued at approximately $1,122,961,000. Raiffeisen Bank International AG raised its position in Synchrony Financial by 7,984.0% in the second quarter. Raiffeisen Bank International AG now owns 23,282 shares of the financial services provider's stock worth $1,825,000 after acquiring an additional 22,994 shares during the period. Basswood Capital Management L.L.C. purchased a new position in shares of Synchrony Financial during the 2nd quarter worth $45,734,000. Assenagon Asset Management S.A. increased its stake in shares of Synchrony Financial by 959.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 545,880 shares of the financial services provider's stock worth $37,131,000 after purchasing an additional 494,354 shares in the last quarter. Finally, Klein Pavlis & Peasley Financial Inc. purchased a new stake in shares of Synchrony Financial in the 1st quarter worth $999,000. 96.48% of the stock is owned by institutional investors.

Synchrony Financial Price Performance

Shares of Synchrony Financial stock opened at $71.73 on Friday. The firm has a market cap of $23.34 billion, a PE ratio of 7.35, a PEG ratio of 0.62 and a beta of 1.35. The stock has a 50 day moving average of $76.87 and a 200 day moving average of $74.01. 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 12 month low of $63.08 and a 12 month high of $88.77.

Synchrony Financial (NYSE:SYF - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share (EPS) 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 business 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 posted $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. On average, research analysts expect that Synchrony Financial will post 9.38 EPS for the current fiscal year.

Synchrony Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Wednesday, August 5th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, August 5th. This is a positive change from Synchrony Financial's previous quarterly dividend of $0.30. Synchrony Financial's payout ratio is 13.93%.

Wall Street Analyst Weigh In

SYF has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price target on Synchrony Financial from $95.00 to $88.00 and set an "overweight" rating for the company in a research report on Wednesday, July 22nd. HSBC boosted their price objective on Synchrony Financial from $93.00 to $97.00 and gave the company a "buy" rating in a research note on Monday, July 13th. UBS Group raised their target price on shares of Synchrony Financial from $84.00 to $87.00 and gave the stock a "neutral" rating in a research note on Monday, August 3rd. TD Cowen lifted their price target on shares of Synchrony Financial from $89.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Synchrony Financial from $81.00 to $78.00 and set a "neutral" rating for the company in a research report on Monday, July 13th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $89.00.

Synchrony Financial Company 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.

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