Synchrony Financial $SYF Shares Bought by Amundi

Amundi lifted its position in Synchrony Financial (NYSE:SYF - Free Report) by 14.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,994,027 shares of the financial services provider's stock after acquiring an additional 251,038 shares during the period. Amundi owned 0.61% of Synchrony Financial worth $151,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SYF. Basswood Capital Management L.L.C. purchased a new stake in Synchrony Financial in the second quarter valued at $45,734,000. Assenagon Asset Management S.A. raised 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 valued at $37,131,000 after buying an additional 494,354 shares during the last quarter. Jefferies Financial Group Inc. raised 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 valued at $10,095,000 after buying an additional 105,907 shares during the last quarter. Forsta AP Fonden lifted its holdings in shares of Synchrony Financial by 7.7% in the 4th quarter. Forsta AP Fonden now owns 228,900 shares of the financial services provider's stock valued at $19,097,000 after buying an additional 16,400 shares during the period. Finally, Arbejdsmarkedets Tillaegspension lifted its holdings in shares of 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 buying an additional 89,528 shares during the period. Hedge funds and other institutional investors own 96.48% of the company's stock.

Synchrony Financial Price Performance

NYSE:SYF opened at $78.57 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.08. The stock has a 50 day moving average of $76.88 and a two-hundred day moving average of $73.42. The firm has a market cap of $25.56 billion, a P/E ratio of 8.05, a price-to-earnings-growth ratio of 0.73 and a beta of 1.32. Synchrony Financial has a 12 month low of $63.08 and a 12 month high of $88.77.

Synchrony Financial (NYSE:SYF - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $3.72 billion during the quarter, compared to analysts' expectations of $3.72 billion. During the same period in the previous year, the business earned $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. On average, analysts expect that Synchrony Financial will post 9.37 earnings per share for the current fiscal year.

Synchrony Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Wednesday, August 5th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from Synchrony Financial's previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, August 5th. Synchrony Financial's dividend payout ratio (DPR) is currently 13.93%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SYF. Robert W. Baird raised their price objective on shares of Synchrony Financial from $86.00 to $90.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 22nd. Weiss Ratings reiterated a "buy (b-)" rating on shares of Synchrony Financial in a research report on Friday, July 17th. TD Cowen increased their target price on shares of Synchrony Financial from $89.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, July 7th. Loop Capital initiated coverage on Synchrony Financial in a research report on Friday, May 22nd. They set a "hold" rating and a $81.00 target price on the stock. Finally, Wolfe Research raised their target price on Synchrony Financial from $85.00 to $90.00 and gave the company an "outperform" rating in a research report on Tuesday, August 25th. Twelve investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $87.78.

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.

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