Great Lakes Advisors LLC Makes New Investment in Synchrony Financial $SYF

Great Lakes Advisors LLC purchased a new position in Synchrony Financial (NYSE:SYF - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 51,401 shares of the financial services provider's stock, valued at approximately $3,909,000.

Other hedge funds also recently made changes to their positions in the company. Danske Bank A S purchased a new stake in shares of Synchrony Financial during the second quarter worth about $16,398,000. Wealthfront Advisers LLC bought a new stake in shares of Synchrony Financial in the 2nd quarter worth approximately $9,968,000. Foster & Motley Inc. purchased a new stake in shares of Synchrony Financial in the second quarter worth $5,425,000. Meeder Advisory Services Inc. bought a new stake in Synchrony Financial during the 2nd quarter valued at about $1,274,000. Finally, Meeder Asset Management Inc. bought a new position in Synchrony Financial in the 2nd quarter valued at approximately $759,000. 96.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SYF. JPMorgan Chase & Co. dropped their price target on shares of Synchrony Financial from $81.00 to $78.00 and set a "neutral" rating on the stock in a report on Monday, July 13th. Royal Bank Of Canada lowered their price objective on Synchrony Financial from $85.00 to $80.00 and set a "sector perform" rating on the stock in a research report on Wednesday, July 22nd. Wells Fargo & Company decreased their price objective on shares of Synchrony Financial from $95.00 to $88.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 22nd. Weiss Ratings reissued a "buy (b-)" rating on shares of Synchrony Financial in a research note on Friday, July 17th. Finally, Loop Capital started coverage on shares of Synchrony Financial in a report on Friday, May 22nd. They set a "hold" rating and a $81.00 price objective for the company. Twelve research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $87.89.

Synchrony Financial Stock Down 3.6%

Shares of NYSE SYF opened at $76.76 on Friday. The firm has a 50-day moving average price of $76.03 and a 200 day moving average price of $72.88. The stock has a market capitalization of $24.98 billion, a price-to-earnings ratio of 7.86, a price-to-earnings-growth ratio of 0.73 and a beta of 1.32. 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 has a 52 week low of $63.08 and a 52 week high of $88.77.

Synchrony Financial (NYSE:SYF - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.45. Synchrony Financial had a return on equity of 23.09% and a net margin of 15.44%.The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period last year, the business posted $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Equities research analysts anticipate that Synchrony Financial will post 9.37 EPS for the current fiscal year.

Synchrony Financial Increases Dividend

The company 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. 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 1.8%. The ex-dividend date of this dividend was Wednesday, August 5th. Synchrony Financial's dividend payout ratio (DPR) is presently 13.93%.

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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