Synchrony Financial $SYF Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System trimmed its holdings in shares of Synchrony Financial (NYSE:SYF - Free Report) by 8.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 437,674 shares of the financial services provider's stock after selling 42,270 shares during the quarter. California State Teachers Retirement System owned about 0.13% of Synchrony Financial worth $33,285,108 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SYF. Fideuram Asset Management Ireland dac bought a new position in Synchrony Financial during the 4th quarter worth $29,000. Compass Financial Management LLC purchased a new position in shares of Synchrony Financial in the 2nd quarter worth about $29,000. Reflection Asset Management purchased a new stake in shares of Synchrony Financial in the 4th quarter worth about $31,000. Fiduciary Financial Advisors bought a new position in Synchrony Financial in the 2nd quarter valued at approximately $33,000. Finally, Center for Financial Planning Inc. boosted its stake in shares of Synchrony Financial by 242.9% in the first quarter. Center for Financial Planning Inc. now owns 480 shares of the financial services provider's stock worth $33,000 after acquiring an additional 340 shares during the period. 96.48% of the stock is currently owned by institutional investors.

Synchrony Financial Trading Up 0.1%

SYF traded up $0.10 on Tuesday, hitting $75.97. 1,478,769 shares of the company were exchanged, compared to its average volume of 3,998,885. Synchrony Financial has a 12 month low of $63.08 and a 12 month high of $88.77. The firm has a fifty day simple moving average of $76.85 and a two-hundred day simple moving average of $73.56. The stock has a market capitalization of $24.72 billion, a PE ratio of 7.80, a price-to-earnings-growth ratio of 0.70 and a beta of 1.32. 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 issued its earnings results on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.45. Synchrony Financial had a return on equity of 23.09% and a net margin of 15.44%.The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter last year, the company earned $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Sell-side analysts expect that Synchrony Financial will post 9.37 earnings per share for the current year.

Synchrony Financial Increases Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SYF shares. JPMorgan Chase & Co. reduced their target price 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. Weiss Ratings reiterated a "buy (b-)" rating on shares of Synchrony Financial in a research report on Friday, July 17th. Wolfe Research raised their price target on shares of Synchrony Financial from $85.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 25th. TD Cowen increased their price objective on Synchrony Financial from $89.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, July 7th. Finally, Wells Fargo & Company decreased their price objective on Synchrony Financial from $95.00 to $88.00 and set an "overweight" rating on the stock in a report on Wednesday, July 22nd. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $88.24.

Synchrony Financial 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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