Ameritas Advisory Services LLC Decreases Stake in Synchrony Financial $SYF

Key Points

• Ameritas Advisory Services cut its Synchrony Financial stake by 93.1% in the second quarter, selling 28,741 shares and retaining 2,124 shares valued at approximately $162,000. Institutional investors collectively own 96.48% of SYF.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $88.24, despite several firms lowering or maintaining neutral price targets.
• Synchrony reported quarterly EPS of $2.59, beating estimates by $0.45, and increased its quarterly dividend from $0.30 to $0.34 per share, representing a 1.8% annualized yield.

Ameritas Advisory Services LLC trimmed its position in shares of Synchrony Financial (NYSE:SYF - Free Report) by 93.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,124 shares of the financial services provider's stock after selling 28,741 shares during the period. Ameritas Advisory Services LLC's holdings in Synchrony Financial were worth $162,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Wedmont Private Capital raised its stake in Synchrony Financial by 8.0% in the second quarter. Wedmont Private Capital now owns 10,222 shares of the financial services provider's stock worth $741,000 after buying an additional 754 shares in the last quarter. Nilsine Partners LLC lifted its holdings in shares of Synchrony Financial by 4.0% during the second quarter. Nilsine Partners LLC now owns 33,334 shares of the financial services provider's stock valued at $2,535,000 after purchasing an additional 1,278 shares during the last quarter. Saudi Central Bank raised its position in shares of Synchrony Financial by 83.0% in the 2nd quarter. Saudi Central Bank now owns 24,332 shares of the financial services provider's stock worth $1,850,000 after purchasing an additional 11,038 shares during the last quarter. Angeles Wealth Management LLC purchased a new position in shares of Synchrony Financial in the 2nd quarter worth about $220,000. Finally, Compass Financial Management LLC bought a new position in Synchrony Financial in the 2nd quarter worth about $29,000. Hedge funds and other institutional investors own 96.48% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on SYF. Royal Bank Of Canada cut their target price on Synchrony Financial from $85.00 to $80.00 and set a "sector perform" rating on the stock in a research note on Wednesday, July 22nd. Loop Capital started coverage on Synchrony Financial in a report on Friday, May 22nd. They set a "hold" rating and a $81.00 price target on the stock. JPMorgan Chase & Co. dropped their price objective 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. 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 report on Monday, August 3rd. Finally, 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. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Synchrony Financial currently has a consensus rating of "Moderate Buy" and an average target price of $88.24.

Synchrony Financial Stock Up 0.2%

NYSE SYF opened at $76.03 on Wednesday. Synchrony Financial has a 12 month low of $63.08 and a 12 month high of $88.77. 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 market cap of $24.74 billion, a PE ratio of 7.79, a P/E/G ratio of 0.70 and a beta of 1.32. The stock's 50 day moving average is $76.86 and its 200 day moving average is $73.58.

Synchrony Financial (NYSE:SYF - Get Free Report) last announced 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 net margin of 15.44% and a return on equity of 23.09%. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period last year, the firm posted $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Research analysts predict that Synchrony Financial will post 9.37 EPS for the current fiscal year.

Synchrony Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Wednesday, August 5th were issued a dividend of $0.34 per share. This is a positive change from Synchrony Financial's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, August 5th. This represents a $1.36 annualized dividend and a dividend yield of 1.8%. Synchrony Financial's payout ratio is currently 13.93%.

Synchrony Financial Company Profile

Synchrony Financial NYSE: SYF is a consumer financial services company that provides credit products and financing programs through partnerships with retailers, manufacturers, healthcare providers and other businesses. Its offerings are designed to help consumers finance purchases and manage spending across a range of industries.

The company's products include private-label and co-branded credit cards, promotional financing, installment loans and other consumer payment solutions. Synchrony also provides deposit products and other banking services through Synchrony Bank, including savings accounts, certificates of deposit and money market accounts.

Synchrony primarily serves consumers and business partners in the United States, including customers in retail, home, automotive, healthcare, specialty and other markets.

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