EFG International AG Invests $1.05 Million in Synchrony Financial $SYF

Key Points

• EFG International acquired 13,859 Synchrony Financial shares worth approximately $1.05 million in the second quarter. Institutional investors now own 96.48% of SYF’s outstanding stock.
• Synchrony reported quarterly earnings of $2.59 per share, beating estimates of $2.14, while revenue matched forecasts at $3.72 billion. The company raised its quarterly dividend from $0.30 to $0.34 per share, producing a 1.7% annualized yield.
• Analysts maintain a consensus “Moderate Buy” rating, with an average price target of $87.78 compared with the stock’s reported price of $79.84.

EFG International AG acquired a new stake in Synchrony Financial (NYSE:SYF - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 13,859 shares of the financial services provider's stock, valued at approximately $1,054,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SYF. Legal & General Group Plc bought a new stake in Synchrony Financial in the second quarter worth $209,305,000. The Manufacturers Life Insurance Company bought a new position in shares of Synchrony Financial during the second quarter valued at about $12,736,000. Fiduciary Financial Advisors bought a new position in shares of Synchrony Financial during the second quarter valued at about $33,000. L2 Asset Management LLC purchased a new position in shares of Synchrony Financial in the second quarter worth about $8,239,000. Finally, Cibc World Market Inc. purchased a new position in shares of Synchrony Financial in the second quarter worth about $2,325,000. Institutional investors own 96.48% of the company's stock.

Synchrony Financial Price Performance

SYF stock opened at $79.84 on Thursday. The stock has a market capitalization of $25.98 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 0.74 and a beta of 1.32. The firm's 50-day moving average price is $76.49 and its two-hundred day moving average price is $73.04. 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 has a 12-month low of $63.08 and a 12-month high of $88.77.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share for the quarter, topping analysts' consensus estimates of $2.14 by $0.45. The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.72 billion. Synchrony Financial had a net margin of 15.44% and a return on equity of 23.09%. During the same period in the prior year, the business posted $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, equities analysts predict that Synchrony Financial will post 9.39 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. Stockholders of record on Wednesday, August 5th were given a $0.34 dividend. The ex-dividend date was Wednesday, August 5th. This represents a $1.36 dividend on an annualized basis and a dividend 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 13.93%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SYF shares. Loop Capital assumed coverage on Synchrony Financial in a research note on Friday, May 22nd. They issued a "hold" rating and a $81.00 target price for the company. JPMorgan Chase & Co. decreased their price target on Synchrony Financial from $81.00 to $78.00 and set a "neutral" rating on the stock in a research note on Monday, July 13th. Wolfe Research lifted their price target on Synchrony Financial from $85.00 to $90.00 and gave the stock an "outperform" rating in a research note on Tuesday. TD Cowen boosted their price objective on Synchrony Financial from $89.00 to $90.00 and gave the company a "buy" rating in a research report on Tuesday, July 7th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Synchrony Financial in a research note on Friday, July 17th. Twelve research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company presently 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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