OMERS ADMINISTRATION Corp Acquires Shares of 20,718 Synchrony Financial $SYF

Key Points

• OMERS Administration Corp. initiated a position in Synchrony Financial during the second quarter, purchasing 20,718 shares valued at approximately $1.58 million. Institutional investors collectively own 96.48% of SYF.
• Analysts maintain a generally positive outlook, with 12 Buy ratings and seven Holds producing a consensus rating of Moderate Buy and an average price target of $87.78.
• Synchrony exceeded quarterly EPS expectations, reporting $2.59 versus the $2.14 consensus estimate, and raised its quarterly dividend from $0.30 to $0.34 per share, implying a 1.7% annualized yield.

OMERS ADMINISTRATION Corp bought a new position in Synchrony Financial (NYSE:SYF - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 20,718 shares of the financial services provider's stock, valued at approximately $1,576,000.

A number of other large investors have also recently modified their holdings of the stock. NewEdge Advisors LLC lifted its holdings in Synchrony Financial by 8.9% in the first quarter. NewEdge Advisors LLC now owns 8,302 shares of the financial services provider's stock worth $439,000 after buying an additional 679 shares during the period. Woodline Partners LP raised its position in shares of Synchrony Financial by 36.2% in the 1st quarter. Woodline Partners LP now owns 35,582 shares of the financial services provider's stock worth $1,884,000 after acquiring an additional 9,460 shares in the last quarter. Focus Partners Wealth raised its position in shares of Synchrony Financial by 7.7% in the 1st quarter. Focus Partners Wealth now owns 6,406 shares of the financial services provider's stock worth $339,000 after acquiring an additional 459 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Synchrony Financial by 337.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 455 shares during the period. Finally, Sivia Capital Partners LLC lifted its stake in shares of Synchrony Financial by 56.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 6,062 shares of the financial services provider's stock valued at $405,000 after purchasing an additional 2,178 shares during the period. Institutional investors own 96.48% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SYF shares. Wolfe Research upped their price target on Synchrony Financial from $85.00 to $90.00 and gave the stock an "outperform" rating in a research note on Tuesday. 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 target price on the stock. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Synchrony Financial in a research report on Friday, July 17th. Royal Bank Of Canada decreased their price target on shares of Synchrony Financial from $85.00 to $80.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 22nd. Finally, UBS Group lifted their price target on shares of Synchrony Financial from $84.00 to $87.00 and gave the company a "neutral" rating in a research report on Monday, August 3rd. Twelve investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $87.78.

Synchrony Financial Price Performance

SYF opened at $79.84 on Thursday. The stock has a 50-day moving average price of $76.49 and a 200-day moving average price of $73.04. 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 firm has a market cap of $25.98 billion, a PE ratio of 8.18, a P/E/G ratio of 0.74 and a beta of 1.32. Synchrony Financial has a 1 year low of $63.08 and a 1 year high of $88.77.

Synchrony Financial (NYSE:SYF - Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.14 by $0.45. The company 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 quarter in the previous year, the business posted $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Sell-side analysts predict that Synchrony Financial will post 9.39 earnings per share for the current fiscal year.

Synchrony Financial Increases Dividend

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

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