Wealthfront Advisers LLC Takes $9.97 Million Position in Synchrony Financial $SYF

Key Points

• Wealthfront Advisers acquired 131,071 shares of Synchrony Financial worth approximately $9.97 million, while institutional investors collectively own 96.48% of the company.
• Synchrony reported quarterly earnings of $2.59 per share, beating estimates of $2.14, on revenue of $3.72 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $87.89.
• The company increased its quarterly dividend from $0.30 to $0.34 per share, equivalent to an annualized dividend of $1.36 and a 1.7% yield.

Wealthfront Advisers LLC 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 Securities and Exchange Commission. The institutional investor purchased 131,071 shares of the financial services provider's stock, valued at approximately $9,968,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. KTF Investments LLC bought a new stake in Synchrony Financial during the 4th quarter valued at $3,923,000. Assenagon Asset Management S.A. increased its holdings in shares of Synchrony Financial by 959.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 545,880 shares of the financial services provider's stock valued at $37,131,000 after acquiring an additional 494,354 shares during the period. Jefferies Financial Group Inc. raised its position in shares of Synchrony Financial by 701.9% in the 4th quarter. Jefferies Financial Group Inc. now owns 120,996 shares of the financial services provider's stock worth $10,095,000 after acquiring an additional 105,907 shares in the last quarter. Forsta AP Fonden lifted its stake in shares of Synchrony Financial by 7.7% during the 4th quarter. Forsta AP Fonden now owns 228,900 shares of the financial services provider's stock worth $19,097,000 after purchasing an additional 16,400 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in Synchrony Financial during the fourth quarter valued at about $84,494,000. 96.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. HSBC lifted their target price on Synchrony Financial from $93.00 to $97.00 and gave the company a "buy" rating in a research note on Monday, July 13th. JPMorgan Chase & Co. lowered their price target on shares of Synchrony Financial from $81.00 to $78.00 and set a "neutral" rating on the stock in a report on Monday, July 13th. Wells Fargo & Company cut their price objective on shares of Synchrony Financial from $95.00 to $88.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 22nd. BTIG Research lowered shares of Synchrony Financial from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 22nd. Finally, 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 price objective for the company. Twelve investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Synchrony Financial has an average rating of "Moderate Buy" and a consensus target price of $87.89.

Synchrony Financial Trading Down 1.2%

Shares of NYSE:SYF opened at $79.64 on Thursday. The business's 50-day moving average is $75.95 and its 200 day moving average is $72.85. 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 1 year low of $63.08 and a 1 year high of $88.77. The firm has a market capitalization of $25.91 billion, a P/E ratio of 8.16, a P/E/G ratio of 0.74 and a beta of 1.32.

Synchrony Financial (NYSE:SYF - Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share for the quarter, topping 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 business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter last year, the company earned $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. On average, research analysts predict that Synchrony Financial will post 9.37 earnings per share for the current fiscal year.

Synchrony Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Wednesday, August 5th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, August 5th. This represents a $1.36 annualized dividend and a yield of 1.7%. This is an increase from Synchrony Financial's previous quarterly dividend of $0.30. Synchrony Financial's payout ratio is 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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