Synchrony Financial $SYF Shares Sold by Corient Private Wealth LP

Key Points

• Corient Private Wealth reduced its Synchrony Financial stake by 14.7% in the second quarter, selling 26,753 shares and retaining 155,579 shares valued at approximately $11.8 million. Institutional investors and hedge funds collectively own 96.48% of SYF.
• Analysts maintain a generally positive outlook, with an overall “Moderate Buy” rating and an average price target of $88.24, implying upside from the reported $74.96 share price.
• Synchrony reported quarterly earnings of $2.59 per share, beating estimates by $0.45, and increased its quarterly dividend from $0.30 to $0.34, equating to a 1.8% annualized yield.

Corient Private Wealth LP lessened its stake in Synchrony Financial (NYSE:SYF - Free Report) by 14.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 155,579 shares of the financial services provider's stock after selling 26,753 shares during the period. Corient Private Wealth LP's holdings in Synchrony Financial were worth $11,832,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SYF. BlackRock Inc. bought a new stake in shares of Synchrony Financial in the 2nd quarter worth about $2,349,452,000. Bank of America Corp DE bought a new position in shares of Synchrony Financial during the second quarter worth about $1,122,961,000. Dimensional Fund Advisors LP grew its stake in Synchrony Financial by 6.4% in the first quarter. Dimensional Fund Advisors LP now owns 6,039,753 shares of the financial services provider's stock worth $410,760,000 after purchasing an additional 365,353 shares in the last quarter. First Trust Advisors LP grew its stake in Synchrony Financial by 5.6% in the first quarter. First Trust Advisors LP now owns 5,338,110 shares of the financial services provider's stock worth $363,098,000 after purchasing an additional 281,451 shares in the last quarter. Finally, Norges Bank bought a new stake in Synchrony Financial in the fourth quarter valued at about $383,231,000. 96.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. UBS Group upped their price objective on Synchrony Financial from $84.00 to $87.00 and gave the company a "neutral" rating in a research note on Monday, August 3rd. Loop Capital started 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. HSBC boosted their price target on Synchrony Financial from $93.00 to $97.00 and gave the company a "buy" rating in a report on Monday, July 13th. Robert W. Baird raised their price objective on Synchrony Financial from $86.00 to $90.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 22nd. Finally, TD Cowen lifted their price objective on shares of Synchrony Financial from $89.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, July 7th. Eleven 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.com, the company presently has an average rating of "Moderate Buy" and an average target price of $88.24.

Synchrony Financial Stock Performance

Shares of NYSE SYF opened at $74.96 on Thursday. 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 firm's 50-day moving average price is $77.00 and its two-hundred day moving average price is $73.59. Synchrony Financial has a 52-week low of $63.08 and a 52-week high of $88.77. The stock has a market capitalization of $24.39 billion, a P/E ratio of 7.68, a P/E/G ratio of 0.70 and a beta of 1.32.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted its earnings results 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. The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.72 billion. Synchrony Financial had a return on equity of 23.09% and a net margin of 15.44%.During the same period in the prior year, the company earned $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, sell-side analysts forecast that Synchrony Financial will post 9.37 earnings per share for the current year.

Synchrony Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Wednesday, August 5th were given 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 yield of 1.8%. The ex-dividend date of this dividend 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 provides credit products and financing programs through partnerships with retailers, manufacturers, healthcare providers and other businesses. Its offerings are designed to help consumers finance purchases and manage spending across a range of industries.

The company's products include private-label and co-branded credit cards, promotional financing, installment loans and other consumer payment solutions. Synchrony also provides deposit products and other banking services through Synchrony Bank, including savings accounts, certificates of deposit and money market accounts.

Synchrony primarily serves consumers and business partners in the United States, including customers in retail, home, automotive, healthcare, specialty and other markets.

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