Deutsche Bank AG Buys Shares of 2,458,557 Synchrony Financial $SYF

Key Points

• Deutsche Bank acquired 2,458,557 Synchrony Financial shares in the second quarter, worth approximately $187 million and representing 0.76% of the company. Institutional investors and hedge funds collectively own 96.48% of SYF.
• Synchrony reported quarterly EPS of $2.59, beating estimates of $2.14, on revenue of $3.72 billion. The company guided to fiscal 2026 EPS of $9.25–$9.50, with analysts expecting $9.37.
• The company raised its quarterly dividend from $0.30 to $0.34 per share, implying an annualized yield of 1.7%. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $87.89.

Deutsche Bank AG acquired a new stake in Synchrony Financial (NYSE:SYF - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,458,557 shares of the financial services provider's stock, valued at approximately $186,973,000. Deutsche Bank AG owned 0.76% of Synchrony Financial at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of SYF. KTF Investments LLC bought a new stake in shares of Synchrony Financial in the fourth quarter valued at about $3,923,000. Assenagon Asset Management S.A. increased its stake in Synchrony Financial by 959.4% during the first quarter. Assenagon Asset Management S.A. now owns 545,880 shares of the financial services provider's stock valued at $37,131,000 after acquiring an additional 494,354 shares during the period. Jefferies Financial Group Inc. raised its holdings in Synchrony Financial by 701.9% in the 4th quarter. Jefferies Financial Group Inc. now owns 120,996 shares of the financial services provider's stock valued at $10,095,000 after acquiring an additional 105,907 shares in the last quarter. Forsta AP Fonden lifted its position in shares of Synchrony Financial by 7.7% in the 4th quarter. Forsta AP Fonden now owns 228,900 shares of the financial services provider's stock worth $19,097,000 after acquiring an additional 16,400 shares during the period. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in shares of Synchrony Financial in the 4th quarter worth approximately $84,494,000. Institutional investors and hedge funds own 96.48% of the company's stock.

Synchrony Financial Trading Down 0.1%

NYSE:SYF opened at $80.70 on Wednesday. The firm has a market capitalization of $26.26 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 0.76 and a beta of 1.32. Synchrony Financial has a 1-year low of $63.08 and a 1-year high of $88.77. The business's 50-day moving average price is $75.75 and its two-hundred day moving average price is $72.80. 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 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 company had revenue of $3.72 billion during 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 in the prior year, the business posted $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. On average, equities analysts expect that Synchrony Financial will post 9.37 earnings per share for the current year.

Synchrony Financial announced that its Board of Directors has initiated a stock buyback program on Tuesday, April 21st that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

Synchrony Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Wednesday, August 5th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. 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 (DPR) is currently 13.93%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Wells Fargo & Company lowered their price objective on Synchrony Financial from $95.00 to $88.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 22nd. Truist Financial lifted their price target on shares of Synchrony Financial from $71.00 to $82.00 and gave the stock a "hold" rating in a research note on Thursday, April 23rd. Barclays boosted their price target on shares of Synchrony Financial from $82.00 to $93.00 and gave the company an "overweight" rating in a report on Wednesday, April 22nd. UBS Group increased their price objective on shares of Synchrony Financial from $84.00 to $87.00 and gave the company a "neutral" rating in a research note on Monday, August 3rd. Finally, TD Cowen raised their price objective on shares of Synchrony Financial from $89.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, July 7th. Twelve research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, Synchrony Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of $87.89.

Synchrony Financial 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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