UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 86,574 Shares of Synchrony Financial $SYF

Key Points

• UBS Asset Management reduced its Synchrony Financial stake by 2%, selling 86,574 shares and retaining 4.17 million shares worth approximately $317.5 million. Institutional investors collectively own 96.48% of SYF.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $87.78, despite some firms lowering their targets.
• Synchrony reported quarterly EPS of $2.59, exceeding estimates of $2.14, and raised its quarterly dividend from $0.30 to $0.34 per share, equivalent to a 1.8% annualized yield.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of Synchrony Financial (NYSE:SYF - Free Report) by 2.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,174,429 shares of the financial services provider's stock after selling 86,574 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.28% of Synchrony Financial worth $317,465,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

SYF has been the topic of a number of research analyst reports. TD Cowen raised their price target on shares of Synchrony Financial from $89.00 to $90.00 and gave the company a "buy" rating in a research note on Tuesday, July 7th. Wolfe Research increased their price objective on shares of Synchrony Financial from $85.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday, August 25th. 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 on the stock in a research report on Wednesday, July 22nd. Loop Capital assumed coverage on shares of Synchrony Financial in a research note on Friday, May 22nd. They set a "hold" rating and a $81.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered their price target on shares of Synchrony Financial from $81.00 to $78.00 and set a "neutral" rating for the company in a report on Monday, July 13th. Twelve investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $87.78.

Synchrony Financial Stock Performance

Synchrony Financial stock opened at $77.12 on Tuesday. The business has a 50 day moving average of $76.67 and a 200-day moving average of $73.13. Synchrony Financial has a 1 year low of $63.08 and a 1 year high of $88.77. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market capitalization of $25.09 billion, a P/E ratio of 7.90, a P/E/G ratio of 0.71 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, topping the consensus estimate of $2.14 by $0.45. The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.72 billion. Synchrony Financial had a net margin of 15.44% and a return on equity of 23.09%. During the same period last year, the company earned $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. On average, equities research analysts predict that Synchrony Financial will post 9.38 earnings per share for the current year.

Synchrony Financial Increases Dividend

The business also recently disclosed 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 1.8%. Synchrony Financial's dividend payout ratio (DPR) is currently 13.93%.

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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