Vise Technologies Inc. Invests $1.95 Million in Synchrony Financial $SYF

Key Points

• Vise Technologies purchased 25,674 shares of Synchrony Financial in the second quarter, valued at approximately $1.95 million. Other hedge funds also initiated positions, and institutional investors now own 96.48% of the company.
• Analysts maintain a generally positive outlook, with 12 Buy ratings and seven Hold ratings, resulting in a “Moderate Buy” consensus and an average price target of $87.89.
• Synchrony reported quarterly earnings of $2.59 per share, beating estimates by $0.45, while revenue reached $3.72 billion. The company also raised its quarterly dividend from $0.30 to $0.34 per share, providing a 1.7% annualized yield.

Vise Technologies Inc. purchased a new position in Synchrony Financial (NYSE:SYF - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 25,674 shares of the financial services provider's stock, valued at approximately $1,953,000.

A number of other hedge funds also recently bought and sold shares of SYF. Edmond DE Rothschild Holding S.A. bought a new stake in Synchrony Financial during the 2nd quarter valued at about $759,000. Tocqueville Asset Management L.P. purchased a new position in Synchrony Financial in the second quarter worth about $533,000. Denali Advisors LLC bought a new position in shares of Synchrony Financial in the second quarter worth approximately $1,646,000. NewEdge Wealth LLC bought a new position in shares of Synchrony Financial in the second quarter worth approximately $349,000. Finally, Great Lakes Advisors LLC purchased a new stake in shares of Synchrony Financial during the second quarter valued at approximately $3,909,000. Institutional investors own 96.48% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on SYF. Weiss Ratings reissued a "buy (b-)" rating on shares of Synchrony Financial in a research report on Friday, July 17th. 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 report on Wednesday, July 22nd. Robert W. Baird increased their target price on Synchrony Financial from $86.00 to $90.00 and gave the company an "outperform" rating in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. reduced their target price on Synchrony Financial from $81.00 to $78.00 and set a "neutral" rating for the company in a report on Monday, July 13th. Finally, Loop Capital started coverage on Synchrony Financial in a research note on Friday, May 22nd. They issued a "hold" rating and a $81.00 price target for the company. Twelve equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $87.89.

Synchrony Financial Stock Performance

Shares of SYF stock opened at $79.53 on Friday. The company has a 50 day moving average price of $76.16 and a 200-day moving average price of $72.92. Synchrony Financial has a 52 week low of $63.08 and a 52 week high of $88.77. The firm has a market capitalization of $25.88 billion, a PE ratio of 8.15, a P/E/G ratio of 0.70 and a beta of 1.32. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.08.

Synchrony Financial (NYSE:SYF - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.45. Synchrony Financial had a net margin of 15.44% and a return on equity of 23.09%. The firm had revenue of $3.72 billion during the quarter, compared to analysts' expectations of $3.72 billion. During the same period in the previous 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, equities research analysts expect 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 paid a dividend of $0.34 per share. The ex-dividend date was Wednesday, August 5th. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. This is a boost from Synchrony Financial's previous quarterly dividend of $0.30. Synchrony Financial's dividend payout ratio (DPR) is presently 13.93%.

Synchrony Financial Company 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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