71,517 Shares in Synchrony Financial $SYF Acquired by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management acquired 71,517 shares of Synchrony Financial valued at approximately $5.4 million during the second quarter. Institutional investors and hedge funds collectively own 96.48% of the company.
• Synchrony Financial reported quarterly earnings of $2.59 per share, exceeding analyst expectations of $2.14, while revenue totaled $3.72 billion.
• The company increased its quarterly dividend from $0.30 to $0.34 per share, representing an annualized dividend of $1.36 and a 1.7% yield. Analysts maintain a consensus “Moderate Buy” rating with an $87.89 price target.

Northwestern Mutual Wealth Management Co. purchased a new position in Synchrony Financial (NYSE:SYF - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 71,517 shares of the financial services provider's stock, valued at approximately $5,439,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quantbot Technologies LP bought a new stake in shares of Synchrony Financial during the 2nd quarter worth $6,919,000. Evolve Private Wealth LLC acquired a new stake in shares of Synchrony Financial during the second quarter worth $5,683,000. Chou Associates Management Inc. purchased a new stake in shares of Synchrony Financial during the second quarter valued at $16,975,000. Westpac Banking Corp purchased a new stake in shares of Synchrony Financial during the second quarter valued at $5,807,000. Finally, Korea Investment CORP acquired a new position in shares of Synchrony Financial in the 2nd quarter valued at $22,872,000. Institutional investors and hedge funds own 96.48% of the company's stock.

Synchrony Financial Stock Up 0.1%

Shares of Synchrony Financial stock opened at $79.53 on Monday. Synchrony Financial has a 1 year low of $63.08 and a 1 year high of $88.77. The company has a market cap of $25.88 billion, a P/E ratio of 8.15, a P/E/G ratio of 0.73 and a beta of 1.32. 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 stock has a 50-day moving average price of $76.16 and a 200 day moving average price of $72.92.

Synchrony Financial (NYSE:SYF - Get Free Report) last released its earnings results on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.45. The company had revenue of $3.72 billion for the quarter, compared to analysts' expectations of $3.72 billion. Synchrony Financial had a return on equity of 23.09% and a net margin of 15.44%.During the same quarter in the previous year, the business posted $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, analysts expect that Synchrony Financial will post 9.37 EPS for the current fiscal 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 given a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, August 5th. This is a boost from Synchrony Financial's previous quarterly dividend of $0.30. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. Synchrony Financial's payout ratio is presently 13.93%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SYF shares. JPMorgan Chase & Co. dropped their price target on Synchrony Financial from $81.00 to $78.00 and set a "neutral" rating on the stock in a research note on Monday, July 13th. Loop Capital assumed coverage on shares of Synchrony Financial in a report on Friday, May 22nd. They issued a "hold" rating and a $81.00 target price for the company. Robert W. Baird lifted 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. Weiss Ratings restated a "buy (b-)" rating on shares of Synchrony Financial in a report on Friday, July 17th. Finally, TD Cowen upped their price target on shares of Synchrony Financial from $89.00 to $90.00 and gave the company a "buy" rating in a research report on Tuesday, July 7th. 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 company currently has a consensus rating of "Moderate Buy" and a consensus price target of $87.89.

Synchrony Financial 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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