VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Synchrony Financial $SYF

Key Points

• Virginia Retirement Systems acquired 299,770 shares of Synchrony Financial in the second quarter, valued at approximately $22.8 million. Institutional investors collectively own 96.48% of the company.
• Synchrony reported quarterly earnings of $2.59 per share, beating analyst expectations of $2.14, on revenue of $3.72 billion. The company guided for fiscal 2026 EPS of $9.25–$9.50.
• Synchrony increased its quarterly dividend from $0.30 to $0.34 per share, representing an annualized payout of $1.36 and a 1.7% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $87.78.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Synchrony Financial (NYSE:SYF - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 299,770 shares of the financial services provider's stock, valued at approximately $22,798,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.09% of Synchrony Financial at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. California State Teachers Retirement System grew its position in Synchrony Financial by 6,835.2% during the 2nd quarter. California State Teachers Retirement System now owns 33,285,108 shares of the financial services provider's stock worth $2,531,332,000 after acquiring an additional 32,805,164 shares during the last quarter. BlackRock Inc. bought a new position in Synchrony Financial in the 2nd quarter valued at $2,349,452,000. Bank of America Corp DE bought a new position in Synchrony Financial in the 2nd quarter valued at $1,122,961,000. Norges Bank acquired a new position in Synchrony Financial in the fourth quarter worth $383,231,000. Finally, Legal & General Group Plc acquired a new position in Synchrony Financial in the second quarter worth $209,305,000. Institutional investors own 96.48% of the company's stock.

Synchrony Financial Stock Up 0.0%

Synchrony Financial stock opened at $79.93 on Tuesday. The firm has a market capitalization of $26.01 billion, a price-to-earnings ratio of 8.19, a PEG ratio of 0.73 and a beta of 1.32. The company's 50 day simple moving average is $76.83 and its 200 day simple moving average is $73.38. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.22 and a quick ratio of 1.22. Synchrony Financial has a fifty-two week low of $63.08 and a fifty-two week high of $88.77.

Synchrony Financial (NYSE:SYF - Get Free Report) last issued 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 firm had revenue of $3.72 billion during 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 quarter 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, sell-side analysts anticipate that Synchrony Financial will post 9.37 EPS for the current year.

Synchrony Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Wednesday, August 5th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, August 5th. This is a boost from Synchrony Financial's previous quarterly dividend of $0.30. Synchrony Financial's dividend payout ratio (DPR) is 13.93%.

Wall Street Analyst Weigh In

Several analysts have recently commented on SYF shares. TD Cowen increased their target price on Synchrony Financial from $89.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, July 7th. HSBC lifted 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. Loop Capital began coverage on shares of Synchrony Financial in a report on Friday, May 22nd. They set a "hold" rating and a $81.00 price objective on the stock. Wolfe Research increased their price objective on shares of Synchrony Financial from $85.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, August 25th. Finally, Wells Fargo & Company lowered their price objective on shares of Synchrony Financial from $95.00 to $88.00 and set an "overweight" rating for the company in a research report on Wednesday, July 22nd. Twelve analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $87.78.

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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