AXQ Capital LP Acquires 15,160 Shares of Synchrony Financial $SYF

AXQ Capital LP lifted its stake in Synchrony Financial (NYSE:SYF - Free Report) by 61.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,663 shares of the financial services provider's stock after acquiring an additional 15,160 shares during the period. AXQ Capital LP's holdings in Synchrony Financial were worth $3,016,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. NewEdge Advisors LLC grew its stake in shares of Synchrony Financial by 8.9% during the first quarter. NewEdge Advisors LLC now owns 8,302 shares of the financial services provider's stock worth $439,000 after acquiring an additional 679 shares during the last quarter. Woodline Partners LP raised its stake in Synchrony Financial by 36.2% in the 1st 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 last quarter. Focus Partners Wealth raised its stake in Synchrony Financial by 7.7% in the 1st 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 last quarter. Geneos Wealth Management Inc. lifted its position in Synchrony Financial by 337.0% during the 1st 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 period. Finally, Sivia Capital Partners LLC lifted its position in Synchrony Financial by 56.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 6,062 shares of the financial services provider's stock worth $405,000 after acquiring an additional 2,178 shares during the period. 96.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SYF. JPMorgan Chase & Co. reduced their price target on shares of Synchrony Financial from $81.00 to $78.00 and set a "neutral" rating for the company in a research report on Monday, July 13th. 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. Wolfe Research increased their price objective on shares of Synchrony Financial from $85.00 to $90.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 25th. TD Cowen raised their target price on shares of Synchrony Financial from $89.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, July 7th. Finally, Wells Fargo & Company dropped their target price on Synchrony Financial from $95.00 to $88.00 and set an "overweight" rating on the stock in a report on Wednesday, July 22nd. Twelve research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $87.78.

Synchrony Financial Price Performance

Synchrony Financial stock opened at $79.85 on Friday. The company has a fifty day simple moving average of $76.77 and a 200-day simple moving average of $73.27. The firm has a market capitalization of $25.98 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 0.72 and a beta of 1.32. 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 released its earnings results on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share for the quarter, topping 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 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. On average, equities analysts anticipate that Synchrony Financial will post 9.37 EPS for the current fiscal year.

Synchrony Financial Increases Dividend

The firm also recently declared 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. The ex-dividend date was Wednesday, August 5th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from Synchrony Financial's previous quarterly dividend of $0.30. Synchrony Financial's dividend payout ratio (DPR) is currently 13.93%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source