Elevation Point Wealth Partners LLC Makes New Investment in Synchrony Financial $SYF

Elevation Point Wealth Partners LLC acquired a new position in shares of Synchrony Financial (NYSE:SYF - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 14,318 shares of the financial services provider's stock, valued at approximately $1,089,000.

Other institutional investors also recently modified their holdings of the company. KTF Investments LLC bought a new stake in Synchrony Financial in the fourth quarter valued at approximately $3,923,000. Assenagon Asset Management S.A. boosted its position in shares of 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 worth $37,131,000 after purchasing an additional 494,354 shares in the last quarter. Jefferies Financial Group Inc. boosted its position in shares of Synchrony Financial by 701.9% during the fourth quarter. Jefferies Financial Group Inc. now owns 120,996 shares of the financial services provider's stock worth $10,095,000 after purchasing an additional 105,907 shares in the last quarter. Forsta AP Fonden grew its holdings 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 valued at $19,097,000 after buying an additional 16,400 shares during the period. Finally, PFA Pension Forsikringsaktieselskab acquired a new position in shares of Synchrony Financial in the 4th quarter valued at $84,494,000. Institutional investors own 96.48% of the company's stock.

Synchrony Financial Stock Up 0.7%

Shares of SYF stock opened at $80.06 on Tuesday. Synchrony Financial has a 12-month low of $63.08 and a 12-month high of $88.77. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.08. The firm has a fifty day moving average of $76.26 and a 200-day moving average of $72.96. The company has a market capitalization of $26.05 billion, a price-to-earnings ratio of 8.20, a P/E/G ratio of 0.73 and a beta of 1.32.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.59 EPS for the quarter, beating the consensus estimate of $2.14 by $0.45. The business had revenue of $3.72 billion for the quarter, compared to analysts' expectations 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 previous year, the firm posted $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, equities research analysts predict that Synchrony Financial will post 9.37 earnings per share for the current fiscal year.

Synchrony Financial Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SYF. Royal Bank Of Canada dropped their price objective on Synchrony Financial from $85.00 to $80.00 and set a "sector perform" rating on the stock in a research note on Wednesday, July 22nd. Wells Fargo & Company decreased their target price on Synchrony Financial from $95.00 to $88.00 and set an "overweight" rating for the company in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. lowered their price target on Synchrony Financial from $81.00 to $78.00 and set a "neutral" rating for the company in a report on Monday, July 13th. TD Cowen raised their price target on Synchrony Financial from $89.00 to $90.00 and gave the stock a "buy" rating in a research report on Tuesday, July 7th. Finally, Robert W. Baird lifted their price objective on Synchrony Financial from $86.00 to $90.00 and gave the company an "outperform" rating in a report on Wednesday, July 22nd. Twelve analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $87.89.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source