2,024,943 Shares in Synchrony Financial $SYF Acquired by Man Group plc

Key Points

• Man Group plc acquired 2,024,943 Synchrony Financial shares in the second quarter, worth approximately $154 million and representing a 0.62% stake. Institutional investors collectively own 96.48% of the company.
• Synchrony reported quarterly earnings of $2.59 per share, beating estimates of $2.14, while revenue matched expectations at $3.72 billion. The company also raised its quarterly dividend from $0.30 to $0.34 per share.
• Analyst sentiment is broadly positive, with 12 Buy ratings and seven Holds; the stock has a “Moderate Buy” consensus rating and an average price target of $87.78, compared with a recent price of $80.82.

Man Group plc acquired a new stake in shares of Synchrony Financial (NYSE:SYF - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,024,943 shares of the financial services provider's stock, valued at approximately $153,997,000. Man Group plc owned 0.62% of Synchrony Financial at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in Synchrony Financial during the second quarter valued at $2,349,452,000. Norges Bank acquired a new position in shares of Synchrony Financial in the fourth quarter worth about $383,231,000. Bank of America Corp DE boosted its stake in shares of Synchrony Financial by 34.6% during the 2nd quarter. Bank of America Corp DE now owns 13,595,381 shares of the financial services provider's stock worth $907,356,000 after acquiring an additional 3,494,741 shares in the last quarter. Legal & General Group Plc purchased a new stake in shares of Synchrony Financial during the 2nd quarter worth about $209,305,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Synchrony Financial during the 2nd quarter valued at about $193,684,000. Institutional investors and hedge funds own 96.48% of the company's stock.

Synchrony Financial Stock Up 1.0%

SYF stock opened at $80.82 on Wednesday. The stock has a market capitalization of $26.30 billion, a P/E ratio of 8.28, a P/E/G ratio of 0.73 and a beta of 1.32. The firm has a 50-day simple moving average of $76.38 and a 200-day simple moving average of $73.00. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.08. Synchrony Financial has a 52 week low of $63.08 and a 52 week 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, beating analysts' consensus estimates of $2.14 by $0.45. Synchrony Financial had a net margin of 15.44% and a return on equity of 23.09%. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period last year, the company posted $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Equities analysts forecast that Synchrony Financial will post 9.39 earnings per share for the current fiscal year.

Synchrony Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Wednesday, August 5th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.7%. This is a boost from Synchrony Financial's previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, August 5th. Synchrony Financial's dividend payout ratio (DPR) is 13.93%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Wolfe Research lifted their price target on Synchrony Financial from $85.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday. JPMorgan Chase & Co. lowered their price target on Synchrony Financial from $81.00 to $78.00 and set a "neutral" rating on the stock in a research report on Monday, July 13th. Loop Capital initiated coverage on Synchrony Financial in a report on Friday, May 22nd. They issued a "hold" rating and a $81.00 price objective on the stock. Robert W. Baird boosted their price objective on Synchrony Financial from $86.00 to $90.00 and gave the company an "outperform" rating in a research report on Wednesday, July 22nd. Finally, UBS Group upped their target price on Synchrony Financial from $84.00 to $87.00 and gave the stock a "neutral" rating in a research note on Monday, August 3rd. Twelve analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $87.78.

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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