United Capital Financial Advisors LLC bought a new stake in shares of Synchrony Financial (NYSE:SYF – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 17,202 shares of the financial services provider’s stock, valued at approximately $1,308,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Synchrony Financial during the second quarter worth approximately $2,349,452,000. Bank of America Corp DE acquired a new stake in Synchrony Financial in the second quarter valued at approximately $1,122,961,000. Norges Bank purchased a new stake in shares of Synchrony Financial in the fourth quarter valued at approximately $383,231,000. Legal & General Group Plc acquired a new position in shares of Synchrony Financial during the 2nd quarter worth approximately $209,305,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Synchrony Financial during the 2nd quarter worth approximately $193,684,000. Hedge funds and other institutional investors own 96.48% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on SYF shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Synchrony Financial in a research note on Friday, July 17th. HSBC raised their price target on shares of Synchrony Financial from $93.00 to $97.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Loop Capital assumed coverage on Synchrony Financial in a research report on Friday, May 22nd. They issued a “hold” rating and a $81.00 target price on the stock. JPMorgan Chase & Co. reduced their price objective on Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating for the company in a research note on Monday, July 13th. Finally, Wells Fargo & Company decreased their price objective on Synchrony Financial from $95.00 to $88.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Twelve equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Synchrony Financial currently has an average rating of “Moderate Buy” and an average price target of $87.78.
Synchrony Financial Price Performance
NYSE:SYF opened at $78.21 on Friday. The company has a market capitalization of $25.45 billion, a P/E ratio of 8.01, a P/E/G ratio of 0.71 and a beta of 1.32. Synchrony Financial has a 52 week low of $63.08 and a 52 week high of $88.77. The stock’s fifty day moving average is $76.64 and its two-hundred day moving average is $73.11. 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 posted its earnings results on Tuesday, July 21st. The financial services provider reported $2.59 EPS for the quarter, beating 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 company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the prior year, the company posted $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Equities analysts expect that Synchrony Financial will post 9.38 EPS for the current year.
Synchrony Financial Increases Dividend
The company 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 1.7%. 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 dividend payout ratio is currently 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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