Paralel Advisors LLC Acquires New Stake in Synchrony Financial $SYF

Key Points

• Paralel Advisors LLC acquired 33,967 shares of Synchrony Financial in the second quarter, valued at approximately $2.58 million. Institutional investors collectively own 96.48% of SYF.
• Analysts maintain a generally positive outlook, with 12 Buy ratings and seven Hold ratings, producing a consensus “Moderate Buy” rating and an average price target of $87.89.
• Synchrony reported quarterly EPS of $2.59, exceeding expectations of $2.14, and raised its quarterly dividend from $0.30 to $0.34 per share, equal to a 1.8% annualized yield.

Paralel Advisors LLC bought a new position in Synchrony Financial (NYSE:SYF - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 33,967 shares of the financial services provider's stock, valued at approximately $2,583,000.

Other large investors have also recently added to or reduced their stakes in the company. KTF Investments LLC bought a new stake in Synchrony Financial in the 4th quarter valued at approximately $3,923,000. Assenagon Asset Management S.A. grew its stake in shares of Synchrony Financial by 959.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 545,880 shares of the financial services provider's stock worth $37,131,000 after acquiring an additional 494,354 shares in the last quarter. Jefferies Financial Group Inc. grew its stake in shares of Synchrony Financial by 701.9% during the 4th quarter. Jefferies Financial Group Inc. now owns 120,996 shares of the financial services provider's stock worth $10,095,000 after acquiring an additional 105,907 shares in the last quarter. Forsta AP Fonden raised its holdings in shares of Synchrony Financial by 7.7% in the fourth quarter. Forsta AP Fonden now owns 228,900 shares of the financial services provider's stock valued at $19,097,000 after purchasing an additional 16,400 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Synchrony Financial in the fourth quarter valued at approximately $84,494,000. Institutional investors own 96.48% of the company's stock.

Wall Street Analyst Weigh In

SYF has been the subject of several recent research reports. Robert W. Baird increased their target price on shares of Synchrony Financial from $86.00 to $90.00 and gave the stock an "outperform" rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. decreased their target price on shares of Synchrony Financial from $81.00 to $78.00 and set a "neutral" rating for the company in a research report on Monday, July 13th. Royal Bank Of Canada lowered their price target on shares of Synchrony Financial from $85.00 to $80.00 and set a "sector perform" rating on the stock in a research note on Wednesday, July 22nd. Truist Financial boosted their price target on shares of Synchrony Financial from $71.00 to $82.00 and gave the stock a "hold" rating in a research report on Thursday, April 23rd. Finally, HSBC increased their price objective on shares of Synchrony Financial from $93.00 to $97.00 and gave the stock a "buy" rating in a research note on Monday, July 13th. 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 data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $87.89.

Synchrony Financial Stock Down 3.6%

NYSE:SYF opened at $76.76 on Friday. Synchrony Financial has a twelve month low of $63.08 and a twelve month high of $88.77. The firm 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. The stock's 50 day moving average price is $76.03 and its two-hundred day moving average price is $72.88.

Synchrony Financial (NYSE:SYF - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.59 EPS 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 company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the prior year, the firm posted $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Equities research analysts expect that Synchrony Financial will post 9.37 earnings per share for the current fiscal year.

Synchrony Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Wednesday, August 5th were paid a $0.34 dividend. This is an increase from Synchrony Financial's previous quarterly dividend of $0.30. This represents a $1.36 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Wednesday, August 5th. Synchrony Financial's dividend payout ratio is 13.93%.

About Synchrony Financial

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.

Want to see what other hedge funds are holding SYF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Synchrony Financial (NYSE:SYF - Free Report).

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