Commerce Bank Acquires Shares of 25,405 Synchrony Financial $SYF

Commerce Bank purchased 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 and Exchange Commission (SEC). The institutional investor purchased 25,405 shares of the financial services provider's stock, valued at approximately $1,932,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in SYF. FWL Investment Management LLC bought a new position in shares of Synchrony Financial in the 3rd quarter valued at $26,000. Fideuram Asset Management Ireland dac acquired a new stake in Synchrony Financial during the 4th quarter worth approximately $29,000. Advisors Asset Management Inc. bought a new stake in Synchrony Financial during the 4th quarter worth approximately $29,000. Palisade Asset Management LLC acquired a new position in Synchrony Financial in the 3rd quarter valued at approximately $29,000. Finally, Reflection Asset Management acquired a new position in Synchrony Financial in the 4th quarter valued at approximately $31,000. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Synchrony Financial Trading Up 1.0%

NYSE SYF opened at $80.82 on Wednesday. The company has a market cap of $26.30 billion, a price-to-earnings ratio of 8.28, a P/E/G ratio of 0.73 and a beta of 1.32. Synchrony Financial has a 52 week low of $63.08 and a 52 week high of $88.77. The business has a 50 day moving average price of $76.38 and a 200-day moving average price of $73.00. 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 (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, topping analysts' consensus estimates of $2.14 by $0.45. The company had revenue of $3.72 billion for the quarter, compared to analysts' expectations of $3.72 billion. Synchrony Financial had a return on equity of 23.09% and a net margin of 15.44%.During the same period last year, the business earned $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, equities analysts expect that Synchrony Financial will post 9.39 earnings per share for the current fiscal year.

Synchrony Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Wednesday, August 5th were issued a $0.34 dividend. This is a boost from Synchrony Financial's previous quarterly dividend of $0.30. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Wednesday, August 5th. Synchrony Financial's dividend payout ratio is 13.93%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SYF shares. Royal Bank Of Canada decreased their price objective on Synchrony Financial from $85.00 to $80.00 and set a "sector perform" rating for the company in a report on Wednesday, July 22nd. JPMorgan Chase & Co. reduced their price target on Synchrony Financial from $81.00 to $78.00 and set a "neutral" rating on the stock in a research report on Monday, July 13th. Wolfe Research increased their price target on Synchrony Financial from $85.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday. Weiss Ratings restated a "buy (b-)" rating on shares of Synchrony Financial in a research report on Friday, July 17th. Finally, Robert W. Baird lifted their price objective on Synchrony Financial from $86.00 to $90.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 22nd. Twelve equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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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