National Pension Service Buys 65,124 Shares of Synchrony Financial $SYF

Key Points

• National Pension Service increased its Synchrony Financial position by 6.3%, purchasing 65,124 additional shares to own 1.09 million shares valued at approximately $83.3 million. Institutional investors collectively hold 96.48% of SYF.
• Analysts maintain a “Moderate Buy” consensus, with 11 Buy ratings and seven Holds and an average price target of $88.24, above the reported $76.00 share price.
• Synchrony exceeded quarterly earnings expectations with $2.59 in EPS versus $2.14 forecast and raised its quarterly dividend from $0.30 to $0.34 per share, producing a 1.8% annualized yield.

National Pension Service increased its position in shares of Synchrony Financial (NYSE:SYF - Free Report) by 6.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,094,717 shares of the financial services provider's stock after buying an additional 65,124 shares during the quarter. National Pension Service owned 0.34% of Synchrony Financial worth $83,253,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SYF. California State Teachers Retirement System lifted its position in shares of Synchrony Financial by 6,835.2% during the 2nd quarter. California State Teachers Retirement System now owns 33,285,108 shares of the financial services provider's stock worth $2,531,332,000 after buying an additional 32,805,164 shares during the period. BlackRock Inc. bought a new stake in Synchrony Financial in the second quarter valued at $2,349,452,000. Bank of America Corp DE bought a new position in shares of Synchrony Financial during the second quarter valued at $1,122,961,000. Norges Bank acquired a new stake in shares of Synchrony Financial in the 4th quarter valued at $383,231,000. Finally, Legal & General Group Plc acquired a new stake in shares of Synchrony Financial in the 2nd quarter valued at $209,305,000. Institutional investors own 96.48% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SYF. Wolfe Research increased their target price on shares of Synchrony Financial from $85.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 25th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Synchrony Financial in a research note on Friday, July 17th. 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. Loop Capital began coverage on shares of Synchrony Financial in a research note on Friday, May 22nd. They issued a "hold" rating and a $81.00 target price for the company. Finally, TD Cowen boosted their target price on Synchrony Financial from $89.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, July 7th. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Synchrony Financial has an average rating of "Moderate Buy" and an average price target of $88.24.

Synchrony Financial Stock Up 0.7%

Shares of NYSE:SYF opened at $76.00 on Friday. Synchrony Financial has a 12 month low of $63.08 and a 12 month high of $88.77. The company's 50-day moving average price is $76.88 and its two-hundred day moving average price is $73.49. 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 market cap of $24.73 billion, a P/E ratio of 7.79, a P/E/G ratio of 0.69 and a beta of 1.32.

Synchrony Financial (NYSE:SYF - Get Free Report) last announced 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. Synchrony Financial had a net margin of 15.44% and a return on equity of 23.09%. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the previous year, the firm posted $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, research analysts forecast that Synchrony Financial will post 9.37 EPS for the current fiscal year.

Synchrony Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors 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. The ex-dividend date was Wednesday, August 5th. This represents a $1.36 annualized dividend and a yield of 1.8%. Synchrony Financial's dividend payout ratio is presently 13.93%.

Synchrony Financial Company Profile

Synchrony Financial NYSE: SYF is a consumer financial services company that provides credit products and financing programs through partnerships with retailers, manufacturers, healthcare providers and other businesses. Its offerings are designed to help consumers finance purchases and manage spending across a range of industries.

The company's products include private-label and co-branded credit cards, promotional financing, installment loans and other consumer payment solutions. Synchrony also provides deposit products and other banking services through Synchrony Bank, including savings accounts, certificates of deposit and money market accounts.

Synchrony primarily serves consumers and business partners in the United States, including customers in retail, home, automotive, healthcare, specialty and other markets.

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