Chou Associates Management Inc. Purchases Shares of 223,202 Synchrony Financial $SYF

Chou Associates Management Inc. acquired a new position in shares of Synchrony Financial (NYSE:SYF - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 223,202 shares of the financial services provider's stock, valued at approximately $16,975,000. Synchrony Financial makes up approximately 7.8% of Chou Associates Management Inc.'s investment portfolio, making the stock its 3rd biggest position. Chou Associates Management Inc. owned approximately 0.07% of Synchrony Financial as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. BlackRock Inc. acquired a new stake in Synchrony Financial during the 2nd quarter worth $2,349,452,000. State Street Corp boosted its stake in Synchrony Financial by 1.0% in the third quarter. State Street Corp now owns 19,080,903 shares of the financial services provider's stock valued at $1,355,698,000 after acquiring an additional 191,920 shares in the last quarter. Bank of America Corp DE boosted its stake in Synchrony Financial by 34.6% in the second quarter. Bank of America Corp DE now owns 13,595,381 shares of the financial services provider's stock valued at $907,356,000 after acquiring an additional 3,494,741 shares in the last quarter. Morgan Stanley grew its holdings in shares of Synchrony Financial by 7.6% during the fourth quarter. Morgan Stanley now owns 6,230,111 shares of the financial services provider's stock worth $519,778,000 after purchasing an additional 442,226 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Synchrony Financial by 6.4% during the first quarter. Dimensional Fund Advisors LP now owns 6,039,753 shares of the financial services provider's stock worth $410,760,000 after purchasing an additional 365,353 shares in the last quarter. Hedge funds and other institutional investors own 96.48% of the company's stock.

Wall Street Analysts Forecast Growth

SYF has been the topic of a number of research reports. HSBC raised their price target on Synchrony Financial from $93.00 to $97.00 and gave the stock a "buy" rating in a research note on Monday, July 13th. 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 research report on Tuesday, July 7th. UBS Group lifted their target price on shares of Synchrony Financial from $84.00 to $87.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. Loop Capital began coverage on shares of Synchrony Financial in a research report on Friday, May 22nd. They issued a "hold" rating and a $81.00 price target for the company. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Synchrony Financial in a research note on Friday, July 17th. Twelve analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $87.89.

Synchrony Financial Stock Up 3.7%

Synchrony Financial stock opened at $79.53 on Friday. The stock has a 50 day moving average of $76.16 and a two-hundred day moving average of $72.92. Synchrony Financial has a twelve month low of $63.08 and a twelve month high of $88.77. The stock has a market capitalization of $25.88 billion, a price-to-earnings ratio of 8.15, a PEG ratio of 0.73 and a beta of 1.32. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.08.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.14 by $0.45. Synchrony Financial had a return on equity of 23.09% and a net margin of 15.44%.The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the previous year, the company posted $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, research analysts expect that Synchrony Financial will post 9.37 earnings per share for the current year.

Synchrony Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Wednesday, August 5th were paid a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, August 5th. This represents a $1.36 annualized dividend and a yield of 1.7%. This is an increase from Synchrony Financial's previous quarterly dividend of $0.30. Synchrony Financial's dividend payout ratio is presently 13.93%.

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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