WINTON GROUP Ltd Purchases 49,009 Shares of Synchrony Financial $SYF

Key Points

• WINTON GROUP Ltd increased its Synchrony Financial stake by 277.8% in the second quarter, purchasing 49,009 additional shares and bringing its holdings to 66,650 shares valued at approximately $5.1 million.
• Institutional ownership remains high at 96.48%, with several other investment firms—including Basswood Capital, Assenagon Asset Management and Jefferies—also expanding their positions.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $88.24. Synchrony also exceeded quarterly EPS expectations and raised its quarterly dividend from $0.30 to $0.34 per share, producing a 1.8% yield.

WINTON GROUP Ltd lifted its holdings in Synchrony Financial (NYSE:SYF - Free Report) by 277.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 66,650 shares of the financial services provider's stock after purchasing an additional 49,009 shares during the period. WINTON GROUP Ltd's holdings in Synchrony Financial were worth $5,069,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Basswood Capital Management L.L.C. purchased a new stake in Synchrony Financial during the second quarter valued at approximately $45,734,000. Assenagon Asset Management S.A. grew its stake in Synchrony Financial by 959.4% during 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 purchasing an additional 494,354 shares during the last quarter. Jefferies Financial Group Inc. boosted its position in Synchrony Financial by 701.9% in the fourth quarter. Jefferies Financial Group Inc. now owns 120,996 shares of the financial services provider's stock valued at $10,095,000 after buying an additional 105,907 shares during the last quarter. Forsta AP Fonden increased its stake in shares of Synchrony Financial by 7.7% in the fourth quarter. Forsta AP Fonden now owns 228,900 shares of the financial services provider's stock worth $19,097,000 after acquiring an additional 16,400 shares during the period. Finally, Handelsbanken Fonder AB grew its position in Synchrony Financial by 25.1% during the 4th quarter. Handelsbanken Fonder AB now owns 130,287 shares of the financial services provider's stock worth $10,870,000 after purchasing an additional 26,130 shares during the period. 96.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Synchrony Financial in a report on Friday, July 17th. 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 report on Wednesday, July 22nd. JPMorgan Chase & Co. decreased their price target on shares of Synchrony Financial from $81.00 to $78.00 and set a "neutral" rating on the stock in a research note on Monday, July 13th. Wolfe Research boosted their price objective on Synchrony Financial from $85.00 to $90.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 25th. Finally, UBS Group increased their price target on shares of Synchrony Financial from $84.00 to $87.00 and gave the company a "neutral" rating in a research note on Monday, August 3rd. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $88.24.

Synchrony Financial Stock Down 2.5%

Synchrony Financial stock opened at $75.41 on Friday. The company has a market capitalization of $24.54 billion, a PE ratio of 7.73, a price-to-earnings-growth ratio of 0.71 and a beta of 1.32. 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 has a fifty-two week low of $63.08 and a fifty-two week high of $88.77. The firm has a 50 day moving average price of $76.88 and a 200 day moving average price of $73.47.

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. Research analysts expect that Synchrony Financial will post 9.37 earnings per share for the current year.

Synchrony Financial Increases Dividend

The firm also recently announced 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 1.8%. The ex-dividend date of this dividend was Wednesday, August 5th. This is an increase from Synchrony Financial's previous quarterly dividend of $0.30. Synchrony Financial's payout ratio is currently 13.93%.

Synchrony Financial Company Profile

Synchrony Financial NYSE: SYF is a consumer financial services company that provides credit products and financing programs through partnerships with retailers, manufacturers, healthcare providers and other businesses. Its offerings are designed to help consumers finance purchases and manage spending across a range of industries.

The company's products include private-label and co-branded credit cards, promotional financing, installment loans and other consumer payment solutions. Synchrony also provides deposit products and other banking services through Synchrony Bank, including savings accounts, certificates of deposit and money market accounts.

Synchrony primarily serves consumers and business partners in the United States, including customers in retail, home, automotive, healthcare, specialty and other markets.

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