Alberta Investment Management Corp Buys Shares of 355,100 Synchrony Financial $SYF

Key Points

• Alberta Investment Management Corp. purchased 355,100 Synchrony Financial shares worth approximately $27 million, giving it a 0.11% stake. Institutional investors collectively own 96.48% of the company.
• Synchrony reported quarterly EPS of $2.59, exceeding estimates of $2.14, while revenue matched expectations at $3.72 billion. Management guided to fiscal 2026 EPS of $9.25–$9.50.
• The company raised its quarterly dividend from $0.30 to $0.34 per share, equivalent to a $1.36 annual payout and a 1.7% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $87.89.

Alberta Investment Management Corp purchased a new stake in Synchrony Financial (NYSE:SYF - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 355,100 shares of the financial services provider's stock, valued at approximately $27,005,000. Alberta Investment Management Corp owned 0.11% of Synchrony Financial at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. NewEdge Advisors LLC raised its position in shares of Synchrony Financial by 8.9% during the 1st quarter. NewEdge Advisors LLC now owns 8,302 shares of the financial services provider's stock valued at $439,000 after buying an additional 679 shares during the period. Woodline Partners LP grew its position in Synchrony Financial by 36.2% in the first quarter. Woodline Partners LP now owns 35,582 shares of the financial services provider's stock worth $1,884,000 after acquiring an additional 9,460 shares during the period. Focus Partners Wealth grew its position in Synchrony Financial by 7.7% in the first quarter. Focus Partners Wealth now owns 6,406 shares of the financial services provider's stock worth $339,000 after acquiring an additional 459 shares during the period. Geneos Wealth Management Inc. increased its stake in Synchrony Financial by 337.0% during the first quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider's stock worth $31,000 after acquiring an additional 455 shares during the last quarter. Finally, Sivia Capital Partners LLC raised its position in Synchrony Financial by 56.1% in the second quarter. Sivia Capital Partners LLC now owns 6,062 shares of the financial services provider's stock valued at $405,000 after purchasing an additional 2,178 shares during the period. Institutional investors and hedge funds own 96.48% of the company's stock.

Synchrony Financial Stock Performance

Shares of Synchrony Financial stock opened at $81.04 on Monday. The stock has a market capitalization of $26.37 billion, a price-to-earnings ratio of 8.30, a price-to-earnings-growth ratio of 0.76 and a beta of 1.32. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.22 and a quick ratio of 1.22. The business has a 50-day moving average of $75.37 and a 200 day moving average of $72.70. 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 issued its quarterly earnings results 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. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.72 billion. Synchrony Financial had a net margin of 15.44% and a return on equity of 23.09%. During the same period in the prior year, the firm earned $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, sell-side analysts forecast that Synchrony Financial will post 9.37 earnings per share for the current year.

Synchrony Financial announced that its board has authorized a share repurchase program on Tuesday, April 21st that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company's management believes its shares are undervalued.

Synchrony Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Wednesday, August 5th will be given a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a $1.36 annualized dividend and a yield of 1.7%. This is a boost from Synchrony Financial's previous quarterly dividend of $0.30. Synchrony Financial's dividend payout ratio is 13.93%.

Analyst Ratings Changes

SYF has been the topic of several recent analyst reports. Truist Financial upped their price target on Synchrony Financial from $71.00 to $82.00 and gave the company a "hold" rating in a research note on Thursday, April 23rd. UBS Group raised their price objective on Synchrony Financial from $84.00 to $87.00 and gave the stock 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 report on Friday, July 17th. Royal Bank Of Canada decreased their target price on shares of Synchrony Financial from $85.00 to $80.00 and set a "sector perform" rating on the stock in a research report on Wednesday, July 22nd. Finally, Loop Capital assumed coverage on shares of Synchrony Financial in a research note on Friday, May 22nd. They set a "hold" rating and a $81.00 target price for the company. Twelve research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Synchrony Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of $87.89.

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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