Synchrony Financial $SYF Stock Bought by SteelPeak Wealth LLC

Key Points

• SteelPeak Wealth increased its Synchrony Financial stake by 60.3% in the third quarter, bringing its holdings to 68,294 shares valued at approximately $4.85 million. Institutional investors collectively own 96.48% of the company.
• Synchrony reported quarterly EPS of $2.59, exceeding analyst expectations of $2.14, on revenue of $3.72 billion. The company expects fiscal 2026 EPS of $9.25–$9.50.
• The company raised its quarterly dividend from $0.30 to $0.34 per share, equivalent to an annualized dividend of $1.36 and a 1.8% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $87.25.

SteelPeak Wealth LLC raised its holdings in Synchrony Financial (NYSE:SYF - Free Report) by 60.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 68,294 shares of the financial services provider's stock after acquiring an additional 25,689 shares during the period. SteelPeak Wealth LLC's holdings in Synchrony Financial were worth $4,847,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. World Investment Advisors boosted its holdings in shares of Synchrony Financial by 0.6% during the 1st quarter. World Investment Advisors now owns 22,874 shares of the financial services provider's stock worth $1,556,000 after purchasing an additional 134 shares during the last quarter. WealthTrust Asset Management LLC increased its holdings in shares of Synchrony Financial by 0.9% in the first quarter. WealthTrust Asset Management LLC now owns 17,452 shares of the financial services provider's stock valued at $1,187,000 after purchasing an additional 156 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Synchrony Financial by 13.7% in the second quarter. Parkside Financial Bank & Trust now owns 1,526 shares of the financial services provider's stock valued at $116,000 after purchasing an additional 184 shares during the last quarter. Riversedge Advisors LLC increased its holdings in shares of Synchrony Financial by 3.8% in the third quarter. Riversedge Advisors LLC now owns 5,022 shares of the financial services provider's stock valued at $356,000 after purchasing an additional 184 shares during the last quarter. Finally, CoreFirst Bank & Trust lifted its position in Synchrony Financial by 57.8% during the first quarter. CoreFirst Bank & Trust now owns 505 shares of the financial services provider's stock worth $34,000 after buying an additional 185 shares in the last quarter. Institutional investors and hedge funds own 96.48% of the company's stock.

Synchrony Financial Trading Down 0.4%

SYF opened at $73.72 on Friday. Synchrony Financial has a one year low of $63.08 and a one year high of $88.77. The stock has a market capitalization of $23.99 billion, a PE ratio of 7.55, a P/E/G ratio of 0.86 and a beta of 1.35. The business's 50 day moving average price is $75.96 and its 200 day moving average price is $74.50. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.22 and a current ratio of 1.22.

Synchrony Financial (NYSE:SYF - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.59 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $3.72 billion. During the same period in the prior year, the firm earned $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, equities research analysts expect that Synchrony Financial will post 9.40 EPS for the current year.

Synchrony Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Wednesday, August 5th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.8%. 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 payout ratio is currently 13.93%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. 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 note on Wednesday, July 22nd. Morgan Stanley cut their target price on Synchrony Financial from $84.00 to $83.00 and set an "equal weight" rating for the company in a research note on Monday, October 12th. HSBC raised their target price on Synchrony Financial from $93.00 to $97.00 and gave the stock a "buy" rating in a research note on Monday, July 13th. Wells Fargo & Company reduced their price target on Synchrony Financial from $95.00 to $88.00 and set an "overweight" rating on the stock in a report on Wednesday, July 22nd. Finally, Robert W. Baird boosted their price target on shares of Synchrony Financial from $86.00 to $90.00 and gave the company an "outperform" rating in a research report on Wednesday, July 22nd. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $87.25.

Synchrony Financial Company Profile

Synchrony Financial NYSE: SYF is a consumer financial services company that provides credit products and related services through partnerships with retailers, manufacturers, healthcare providers and other businesses. The company is best known for private-label credit cards and dual-use credit cards that allow consumers to finance purchases with participating brands.

Synchrony's offerings also include promotional financing, installment loans and other consumer payment solutions. Its products support spending across areas such as retail, home improvement, consumer electronics, healthcare, automotive and lifestyle purchases.

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