Susquehanna Fundamental Investments LLC purchased a new position in Synchrony Financial (NYSE:SYF - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 21,012 shares of the financial services provider's stock, valued at approximately $1,598,000.
Several other institutional investors also recently bought and sold shares of the company. Two Sigma Securities LLC purchased a new position in Synchrony Financial in the second quarter worth about $393,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Synchrony Financial by 18.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 71,517 shares of the financial services provider's stock valued at $5,439,000 after buying an additional 11,281 shares during the last quarter. Mufg Securities Americas Inc. grew its holdings in shares of Synchrony Financial by 5.3% during the second quarter. Mufg Securities Americas Inc. now owns 10,132 shares of the financial services provider's stock valued at $771,000 after buying an additional 514 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Synchrony Financial by 13.4% during the second quarter. Van ECK Associates Corp now owns 16,780 shares of the financial services provider's stock valued at $1,276,000 after acquiring an additional 1,989 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Synchrony Financial by 130.3% during the second quarter. Wellington Management Group LLP now owns 75,122 shares of the financial services provider's stock valued at $5,713,000 after acquiring an additional 42,501 shares in the last quarter. 96.48% of the stock is owned by hedge funds and other institutional investors.
Synchrony Financial Price Performance
NYSE SYF opened at $76.63 on Wednesday. The stock has a market capitalization of $24.93 billion, a price-to-earnings ratio of 7.85, a PEG ratio of 0.71 and a beta of 1.32. 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 business's fifty day moving average price is $76.70 and its 200-day moving average price is $73.16.
Synchrony Financial (NYSE:SYF - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.59 EPS for the quarter, topping 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 analyst estimates of $3.72 billion. During the same quarter in the previous year, the company posted $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. On average, equities analysts predict that Synchrony Financial will post 9.37 earnings per share for the current year.
Synchrony Financial Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Wednesday, August 5th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, August 5th. This is an increase from Synchrony Financial's previous quarterly dividend of $0.30. Synchrony Financial's payout ratio is currently 13.93%.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on SYF. Royal Bank Of Canada lowered their price objective on Synchrony Financial from $85.00 to $80.00 and set a "sector perform" rating on the stock in a research report on Wednesday, July 22nd. Wolfe Research boosted 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, August 25th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Synchrony Financial in a report on Friday, July 17th. Wells Fargo & Company dropped their price objective 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 began coverage on Synchrony Financial in a research report on Friday, May 22nd. They issued a "hold" rating and a $81.00 target price for the company. Twelve research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $87.78.
Check Out Our Latest Research Report on SYF
Synchrony Financial Company Profile
(
Free Report)
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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