Livforsakringsbolaget Skandia Omsesidigt Purchases Shares of 214,112 Synchrony Financial $SYF

Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Synchrony Financial (NYSE:SYF - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 214,112 shares of the financial services provider's stock, valued at approximately $16,281,000. Livforsakringsbolaget Skandia Omsesidigt owned approximately 0.07% of Synchrony Financial as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SYF. FWL Investment Management LLC bought a new stake in shares of Synchrony Financial in the third quarter worth $26,000. Fideuram Asset Management Ireland dac acquired a new stake in Synchrony Financial in the 4th quarter valued at approximately $29,000. Compass Financial Management LLC bought a new stake in shares of Synchrony Financial in the 2nd quarter worth $29,000. Advisors Asset Management Inc. purchased a new stake in shares of Synchrony Financial during the fourth quarter valued at $29,000. Finally, Palisade Asset Management LLC purchased a new position in Synchrony Financial during the 3rd quarter valued at about $29,000. Hedge funds and other institutional investors own 96.48% of the company's stock.

Analysts Set New Price Targets

SYF has been the subject of a number of analyst reports. Royal Bank Of Canada decreased their price objective on shares of Synchrony Financial from $85.00 to $80.00 and set a "sector perform" rating for the company in a research report on Wednesday, July 22nd. UBS Group raised their price objective on shares of Synchrony Financial from $84.00 to $87.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Wolfe Research increased their price objective on shares of Synchrony Financial from $85.00 to $90.00 and gave the company an "outperform" rating in a research report on Tuesday. Wells Fargo & Company cut their price objective on shares of Synchrony Financial from $95.00 to $88.00 and set an "overweight" rating for the company in a report on Wednesday, July 22nd. 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 equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, Synchrony Financial has a consensus rating of "Moderate Buy" and an average price target of $87.78.

Synchrony Financial Trading Down 2.2%

Shares of NYSE:SYF opened at $78.21 on Friday. Synchrony Financial has a 1 year low of $63.08 and a 1 year high of $88.77. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market capitalization of $25.45 billion, a P/E ratio of 8.01, a P/E/G ratio of 0.73 and a beta of 1.32. The business's 50 day simple moving average is $76.64 and its 200 day simple moving average is $73.11.

Synchrony Financial (NYSE:SYF - Get Free Report) last released its 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 business had revenue of $3.72 billion for 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 quarter in the prior year, the firm earned $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. On average, research analysts anticipate that Synchrony Financial will post 9.39 EPS for the current fiscal year.

Synchrony Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Wednesday, August 5th were given a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, August 5th. This represents a $1.36 dividend on an annualized basis and a 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%.

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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