Synchrony Financial $SYF Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC cut its holdings in Synchrony Financial (NYSE:SYF - Free Report) by 38.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,288,769 shares of the financial services provider's stock after selling 818,356 shares during the period. Squarepoint Ops LLC owned about 0.40% of Synchrony Financial worth $98,011,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. World Investment Advisors grew its position in shares of Synchrony Financial by 0.6% in the first quarter. World Investment Advisors now owns 22,874 shares of the financial services provider's stock valued at $1,556,000 after purchasing an additional 134 shares during the last quarter. Cullen Frost Bankers Inc. raised its position in shares of Synchrony Financial by 7.3% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,995 shares of the financial services provider's stock worth $166,000 after purchasing an additional 135 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Synchrony Financial by 3.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 5,027 shares of the financial services provider's stock valued at $333,000 after buying an additional 149 shares in the last quarter. Legacy Financial Advisors Inc. lifted its stake in Synchrony Financial by 5.1% in the 4th quarter. Legacy Financial Advisors Inc. now owns 3,109 shares of the financial services provider's stock valued at $259,000 after buying an additional 152 shares in the last quarter. Finally, WealthTrust Asset Management LLC grew its holdings in Synchrony Financial by 0.9% during the 1st quarter. WealthTrust Asset Management LLC now owns 17,452 shares of the financial services provider's stock valued at $1,187,000 after buying an additional 156 shares during the last quarter. 96.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada cut their price target on Synchrony Financial from $85.00 to $80.00 and set a "sector perform" rating for the company in a report on Wednesday, July 22nd. Loop Capital assumed coverage on Synchrony Financial in a research note on Friday, May 22nd. They set a "hold" rating and a $81.00 price objective on the stock. JPMorgan Chase & Co. dropped their price objective on Synchrony Financial from $81.00 to $78.00 and set a "neutral" rating for the company in a research report on Monday, July 13th. Weiss Ratings reissued a "buy (b-)" rating on shares of Synchrony Financial in a research note on Friday, July 17th. Finally, Robert W. Baird upped their target price 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. Twelve analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Synchrony Financial has an average rating of "Moderate Buy" and an average price target of $87.78.

Synchrony Financial Price Performance

SYF stock opened at $78.57 on Wednesday. Synchrony Financial has a 52-week low of $63.08 and a 52-week high of $88.77. The stock's fifty day simple moving average is $76.88 and its 200-day simple moving average is $73.42. 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 has a market capitalization of $25.56 billion, a price-to-earnings ratio of 8.05, a price-to-earnings-growth ratio of 0.73 and a beta of 1.32.

Synchrony Financial (NYSE:SYF - Get Free Report) last released 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. 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 analyst estimates of $3.72 billion. During the same period in the prior year, the firm posted $2.50 earnings per share. 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 EPS for the current year.

Synchrony Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Wednesday, August 5th were issued a $0.34 dividend. The ex-dividend date was Wednesday, August 5th. This is a positive change from Synchrony Financial's previous quarterly dividend of $0.30. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. Synchrony Financial's payout ratio is presently 13.93%.

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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