Pallas Capital Advisors LLC Invests $1.33 Million in Synchrony Financial $SYF

Pallas Capital Advisors LLC purchased a new position in Synchrony Financial (NYSE:SYFFree Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 17,515 shares of the financial services provider’s stock, valued at approximately $1,332,000.

Several other institutional investors also recently added to or reduced their stakes in SYF. FWL Investment Management LLC purchased a new stake in Synchrony Financial during the third quarter worth about $26,000. Fideuram Asset Management Ireland dac purchased a new position in Synchrony Financial in the fourth quarter valued at about $29,000. Advisors Asset Management Inc. bought a new position in shares of Synchrony Financial during the 4th quarter valued at approximately $29,000. Palisade Asset Management LLC bought a new position in shares of Synchrony Financial during the 3rd quarter valued at approximately $29,000. Finally, Reflection Asset Management purchased a new stake in shares of Synchrony Financial during the 4th quarter worth approximately $31,000. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial Stock Down 0.1%

SYF stock opened at $80.70 on Wednesday. The stock has a 50-day simple moving average of $75.75 and a two-hundred day simple moving average of $72.80. Synchrony Financial has a twelve month low of $63.08 and a twelve month high of $88.77. The firm has a market capitalization of $26.26 billion, a PE ratio of 8.27, a PEG ratio of 0.76 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:SYFGet Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the prior year, the firm posted $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. On average, equities analysts predict that Synchrony Financial will post 9.37 EPS for the current fiscal year.

Synchrony Financial declared that its board has authorized a stock repurchase program on Tuesday, April 21st that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Synchrony Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Wednesday, August 5th were issued a $0.34 dividend. 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 positive change from Synchrony Financial’s previous quarterly dividend of $0.30. Synchrony Financial’s payout ratio is 13.93%.

Analysts Set New Price Targets

SYF has been the topic of a number of research reports. TD Cowen lifted their price target on shares of Synchrony Financial from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Loop Capital began coverage on Synchrony Financial in a report on Friday, May 22nd. They set a “hold” rating and a $81.00 price objective for the company. Robert W. Baird raised their target price on Synchrony Financial from $86.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. BTIG Research lowered Synchrony Financial from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 22nd. Finally, UBS Group upped their price target on Synchrony Financial from $84.00 to $87.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Twelve equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Synchrony Financial has a consensus rating of “Moderate Buy” and a consensus price target of $87.89.

Get Our Latest Stock Analysis on Synchrony Financial

About Synchrony Financial

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Synchrony Financial (NYSE:SYF)

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