Korea Investment CORP Takes Position in Synchrony Financial $SYF

Key Points

• Korea Investment CORP acquired 300,756 shares of Synchrony Financial worth approximately $22.9 million, representing about 0.09% of the company. Institutional investors collectively own 96.48% of SYF.
• Analysts maintain a generally positive outlook, with 12 Buy ratings and seven Holds, resulting in a consensus “Moderate Buy” rating and an average price target of $87.89.
• Synchrony reported quarterly EPS of $2.59, beating estimates by $0.45, and increased its quarterly dividend from $0.30 to $0.34 per share, producing a 1.7% annualized yield.

Korea Investment CORP purchased a new position in Synchrony Financial (NYSE:SYF - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 300,756 shares of the financial services provider's stock, valued at approximately $22,872,000. Korea Investment CORP owned about 0.09% of Synchrony Financial at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. purchased a new position in shares of Synchrony Financial during the fourth quarter worth approximately $29,000. Fideuram Asset Management Ireland dac bought a new stake in shares of Synchrony Financial during the fourth quarter valued at approximately $29,000. FWL Investment Management LLC purchased a new stake in shares of Synchrony Financial in the third quarter valued at approximately $26,000. Reflection Asset Management purchased a new stake in shares of Synchrony Financial in the fourth quarter valued at approximately $31,000. Finally, Palisade Asset Management LLC bought a new position in Synchrony Financial in the third quarter worth approximately $29,000. Hedge funds and other institutional investors own 96.48% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the company. JPMorgan Chase & Co. reduced their price objective on Synchrony Financial from $81.00 to $78.00 and set a "neutral" rating on the stock in a report on Monday, July 13th. Robert W. Baird lifted their target price on Synchrony Financial from $86.00 to $90.00 and gave the company an "outperform" rating in a research report on Wednesday, July 22nd. UBS Group upped their target price on Synchrony Financial from $84.00 to $87.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Wells Fargo & Company dropped their price target 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. Finally, Loop Capital assumed coverage on Synchrony Financial in a research note on Friday, May 22nd. They set a "hold" rating and a $81.00 price target on the stock. Twelve research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $87.89.

Synchrony Financial Price Performance

Shares of SYF opened at $79.53 on Monday. The company has a 50 day moving average price of $76.16 and a 200-day moving average price of $72.92. Synchrony Financial has a fifty-two week low of $63.08 and a fifty-two week high of $88.77. The stock has a market capitalization of $25.88 billion, a PE ratio of 8.15, a PEG ratio of 0.73 and a beta of 1.32. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.22 and a current ratio of 1.22.

Synchrony Financial (NYSE:SYF - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.45. The company had revenue of $3.72 billion for 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 last year, the company posted $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Equities analysts predict that Synchrony Financial will post 9.37 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. Shareholders of record on Wednesday, August 5th were given a dividend of $0.34 per share. This is a boost from Synchrony Financial's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, August 5th. This represents a $1.36 annualized dividend and a yield of 1.7%. Synchrony Financial's payout ratio is 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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