55,663 Shares in Synchrony Financial $SYF Purchased by Rakuten Investment Management Inc.

Key Points

• Rakuten Investment Management acquired 55,663 shares of Synchrony Financial in the second quarter, worth approximately $4.36 million. Institutional investors collectively own 96.48% of the company’s stock.
• Analysts maintain a favorable outlook, with a consensus rating of “Moderate Buy” and an average price target of $87.78; several firms recently raised their targets.
• Synchrony reported quarterly EPS of $2.59, beating estimates of $2.14, and increased its quarterly dividend from $0.30 to $0.34 per share, equivalent to a 1.7% annualized yield.

Rakuten Investment Management Inc. acquired a new position in Synchrony Financial (NYSE:SYF - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 55,663 shares of the financial services provider's stock, valued at approximately $4,362,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FWL Investment Management LLC bought a new stake in shares of Synchrony Financial in the 3rd quarter worth approximately $26,000. Fideuram Asset Management Ireland dac bought a new position in Synchrony Financial during the fourth quarter valued at $29,000. Compass Financial Management LLC bought a new position in Synchrony Financial during the second quarter valued at $29,000. Advisors Asset Management Inc. purchased a new stake in Synchrony Financial in the fourth quarter worth $29,000. Finally, Palisade Asset Management LLC bought a new stake in shares of Synchrony Financial in the third quarter valued at $29,000. 96.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SYF shares. UBS Group upped their price target on Synchrony Financial from $84.00 to $87.00 and gave the company a "neutral" rating in a research report on Monday, August 3rd. Weiss Ratings restated a "buy (b-)" rating on shares of Synchrony Financial in a research note on Friday, July 17th. HSBC upped their price objective 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. Robert W. Baird increased their target price on shares of Synchrony Financial from $86.00 to $90.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 22nd. Finally, TD Cowen lifted their target price on shares of Synchrony Financial from $89.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, July 7th. Twelve analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $87.78.

Synchrony Financial Price Performance

Shares of NYSE SYF opened at $78.21 on Monday. The stock has a market cap of $25.45 billion, a PE ratio of 8.01, a price-to-earnings-growth ratio of 0.71 and a beta of 1.32. Synchrony Financial has a fifty-two week low of $63.08 and a fifty-two week high of $88.77. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a fifty day moving average of $76.64 and a 200-day moving average of $73.11.

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, beating 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 company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period in the previous year, the company posted $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Equities research analysts anticipate that Synchrony Financial will post 9.38 earnings per share for the current year.

Synchrony Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Wednesday, August 5th were issued a $0.34 dividend. 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. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.7%. Synchrony Financial's payout ratio is currently 13.93%.

Synchrony Financial Company Profile

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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