Synchrony Financial $SYF Shares Acquired by Wedge Capital Management L L P NC

Key Points

• Wedge Capital Management increased its Synchrony Financial stake by 4.4% in the second quarter, holding 495,316 shares valued at approximately $37.7 million. Institutional investors and hedge funds collectively own 96.48% of SYF.
• Synchrony reported quarterly EPS of $2.59, exceeding estimates of $2.14, on revenue of $3.72 billion. The company guided to fiscal 2026 EPS of $9.25–$9.50, while analysts forecast $9.37.
• The company raised its quarterly dividend from $0.30 to $0.34 per share, equivalent to a 1.7% annualized yield. Wall Street maintains a “Moderate Buy” consensus rating with an average price target of $87.89.

Wedge Capital Management L L P NC lifted its position in shares of Synchrony Financial (NYSE:SYF - Free Report) by 4.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 495,316 shares of the financial services provider's stock after acquiring an additional 20,959 shares during the quarter. Wedge Capital Management L L P NC owned 0.15% of Synchrony Financial worth $37,669,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of SYF. KTF Investments LLC acquired a new position in shares of Synchrony Financial during the 4th quarter worth approximately $3,923,000. Assenagon Asset Management S.A. lifted its position 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 valued at $37,131,000 after buying an additional 494,354 shares in the last quarter. Jefferies Financial Group Inc. grew its stake in Synchrony Financial by 701.9% in the 4th quarter. Jefferies Financial Group Inc. now owns 120,996 shares of the financial services provider's stock valued at $10,095,000 after acquiring an additional 105,907 shares during the period. Arbejdsmarkedets Tillaegspension grew its stake in Synchrony Financial by 31.2% in the 1st quarter. Arbejdsmarkedets Tillaegspension now owns 376,640 shares of the financial services provider's stock valued at $25,619,000 after acquiring an additional 89,528 shares during the period. Finally, Forsta AP Fonden increased its holdings in Synchrony Financial by 7.7% in the 4th quarter. Forsta AP Fonden now owns 228,900 shares of the financial services provider's stock worth $19,097,000 after acquiring an additional 16,400 shares in the last quarter. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Synchrony Financial Stock Up 0.3%

NYSE SYF opened at $78.44 on Wednesday. The business has a fifty day moving average price of $74.77 and a 200 day moving average price of $72.64. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market cap of $25.52 billion, a P/E ratio of 8.04, a P/E/G ratio of 0.73 and a beta of 1.32. Synchrony Financial has a one year low of $63.08 and a one year high of $88.77.

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 (EPS) for the quarter, topping the consensus estimate 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 company posted $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Research analysts anticipate 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 will be paid on Monday, August 17th. Shareholders of record on Wednesday, August 5th will be paid a dividend of $0.34 per share. 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. The ex-dividend date of this dividend is Wednesday, August 5th. Synchrony Financial's dividend payout ratio is presently 13.93%.

Synchrony Financial declared that its Board of Directors has authorized a stock buyback program on Tuesday, April 21st that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Robert W. Baird increased their price objective on shares of Synchrony Financial from $86.00 to $90.00 and gave the company an "outperform" rating in a report on Wednesday, July 22nd. Royal Bank Of Canada cut their target price 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. Loop Capital started coverage on shares of Synchrony Financial in a research report on Friday, May 22nd. They set a "hold" rating and a $81.00 price target for the company. Wells Fargo & Company reduced their price target on shares of Synchrony Financial from $95.00 to $88.00 and set an "overweight" rating for the company in a research report on Wednesday, July 22nd. Finally, BTIG Research lowered shares of Synchrony Financial from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 22nd. Twelve investment 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, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $87.89.

Insider Transactions at Synchrony Financial

In other Synchrony Financial news, insider Jonathan S. Mothner sold 51,258 shares of the firm's stock in a transaction on Friday, May 15th. The stock was sold at an average price of $71.23, for a total value of $3,651,107.34. Following the completion of the sale, the insider directly owned 132,664 shares of the company's stock, valued at $9,449,656.72. This trade represents a 27.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.36% of the stock is currently owned by insiders.

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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