California State Teachers Retirement System Acquires 32,805,164 Shares of Synchrony Financial $SYF

California State Teachers Retirement System lifted its holdings in Synchrony Financial (NYSE:SYF - Free Report) by 6,835.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,285,108 shares of the financial services provider's stock after acquiring an additional 32,805,164 shares during the period. California State Teachers Retirement System owned 10.23% of Synchrony Financial worth $2,531,332,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. World Investment Advisors lifted its holdings in Synchrony Financial by 0.6% in the 1st quarter. World Investment Advisors now owns 22,874 shares of the financial services provider's stock worth $1,556,000 after purchasing an additional 134 shares in the last quarter. Cullen Frost Bankers Inc. boosted its stake in Synchrony Financial by 7.3% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,995 shares of the financial services provider's stock worth $166,000 after purchasing an additional 135 shares during the period. Smartleaf Asset Management LLC grew its holdings in Synchrony Financial by 3.1% during the 2nd quarter. Smartleaf Asset Management LLC now owns 5,027 shares of the financial services provider's stock valued at $333,000 after buying an additional 149 shares in the last quarter. Legacy Financial Advisors Inc. grew its holdings in Synchrony Financial by 5.1% during the 4th quarter. Legacy Financial Advisors Inc. now owns 3,109 shares of the financial services provider's stock valued at $259,000 after buying an additional 152 shares in the last quarter. Finally, WealthTrust Asset Management LLC raised its position in shares of Synchrony Financial by 0.9% during the first quarter. WealthTrust Asset Management LLC now owns 17,452 shares of the financial services provider's stock valued at $1,187,000 after buying an additional 156 shares during the last quarter. Hedge funds and other institutional investors own 96.48% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada dropped their target price on shares of Synchrony Financial from $85.00 to $80.00 and set a "sector perform" rating for the company in a research report on Wednesday, July 22nd. UBS Group raised their price target on Synchrony Financial from $84.00 to $87.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. Wolfe Research lifted their price objective on Synchrony Financial from $85.00 to $90.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 25th. Robert W. Baird upped their price objective on Synchrony Financial from $86.00 to $90.00 and gave the stock an "outperform" rating in a report on Wednesday, July 22nd. Finally, TD Cowen increased their target price on Synchrony Financial from $89.00 to $90.00 and gave the company a "buy" rating in a research report on Tuesday, July 7th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Synchrony Financial currently has an average rating of "Moderate Buy" and an average price target of $88.24.

Synchrony Financial Stock Performance

Synchrony Financial stock opened at $75.41 on Friday. The company's 50-day moving average price is $76.88 and its 200-day moving average price is $73.47. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.08. The company has a market cap of $24.54 billion, a PE ratio of 7.73, a price-to-earnings-growth ratio of 0.71 and a beta of 1.32. Synchrony Financial has a twelve month low of $63.08 and a twelve month high of $88.77.

Synchrony Financial (NYSE:SYF - Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.59 EPS for the quarter, beating analysts' consensus estimates of $2.14 by $0.45. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.72 billion. Synchrony Financial had a net margin of 15.44% and a return on equity of 23.09%. 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. On average, equities research analysts forecast 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. Stockholders of record on Wednesday, August 5th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, August 5th. This is a positive change from Synchrony Financial's previous quarterly dividend of $0.30. Synchrony Financial's dividend payout ratio is 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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