Benjamin Edwards Inc. Sells 13,132 Shares of Synchrony Financial $SYF

Key Points

• Benjamin Edwards Inc. cut its Synchrony Financial stake by 64.6%, selling 13,132 shares and retaining 7,196 shares valued at approximately $548,000. Institutional investors collectively own 96.48% of SYF.
• Synchrony reported quarterly EPS of $2.59, beating estimates by $0.45, on revenue of $3.72 billion. The company raised its quarterly dividend from $0.30 to $0.34 per share, producing a 1.7% annualized yield.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $87.78, while SYF recently traded at $78.35. Price targets range from $78 to $90, with ratings including Buy, Hold and Outperform.

Benjamin Edwards Inc. reduced its stake in Synchrony Financial (NYSE:SYF - Free Report) by 64.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,196 shares of the financial services provider's stock after selling 13,132 shares during the quarter. Benjamin Edwards Inc.'s holdings in Synchrony Financial were worth $548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. purchased a new position in Synchrony Financial in the 2nd quarter worth approximately $2,349,452,000. State Street Corp raised its position in shares of Synchrony Financial by 1.0% during the 3rd quarter. State Street Corp now owns 19,080,903 shares of the financial services provider's stock valued at $1,355,698,000 after buying an additional 191,920 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Synchrony Financial during the 2nd quarter valued at $1,122,961,000. Morgan Stanley lifted its holdings in shares of Synchrony Financial by 7.6% during the 4th quarter. Morgan Stanley now owns 6,230,111 shares of the financial services provider's stock worth $519,778,000 after acquiring an additional 442,226 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Synchrony Financial by 6.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,039,753 shares of the financial services provider's stock worth $410,760,000 after acquiring an additional 365,353 shares during the last quarter. 96.48% of the stock is currently owned by institutional investors.

Synchrony Financial Trading Up 2.3%

Shares of SYF opened at $78.35 on Thursday. Synchrony Financial has a fifty-two week low of $63.08 and a fifty-two week high of $88.77. The firm has a market cap of $25.49 billion, a price-to-earnings ratio of 8.03, a PEG ratio of 0.70 and a beta of 1.32. The firm has a 50 day moving average price of $76.74 and a 200-day moving average price of $73.21. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.22 and a current ratio of 1.22.

Synchrony Financial (NYSE:SYF - Get Free Report) last released its earnings results on Tuesday, July 21st. The financial services provider reported $2.59 EPS for the quarter, beating the consensus estimate of $2.14 by $0.45. Synchrony Financial had a net margin of 15.44% and a return on equity of 23.09%. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter last year, the firm earned $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, equities research analysts forecast that Synchrony Financial will post 9.37 earnings per share for the current year.

Synchrony Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors 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 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 (DPR) is currently 13.93%.

Analysts Set New Price Targets

SYF has been the topic of a number of research analyst reports. Loop Capital assumed coverage on Synchrony Financial in a research note on Friday, May 22nd. They issued a "hold" rating and a $81.00 target price on the stock. JPMorgan Chase & Co. dropped their price target on Synchrony Financial from $81.00 to $78.00 and set a "neutral" rating for the company in a research note on Monday, July 13th. Wolfe Research upped their price objective on Synchrony Financial from $85.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, August 25th. UBS Group upped their price objective on Synchrony Financial from $84.00 to $87.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Finally, Royal Bank Of Canada reduced their price objective on 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. Twelve equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Synchrony Financial has a consensus rating of "Moderate Buy" and a consensus price target of $87.78.

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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