Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Synchrony Financial (NYSE:SYF – Free Report) during the third quarter, Holdings Channel.com reports. The firm bought 89,814 shares of the financial services provider’s stock, valued at approximately $6,374,000.
Several other institutional investors have also recently made changes to their positions in the company. Aviance Capital Partners LLC grew its stake in Synchrony Financial by 3.3% in the third quarter. Aviance Capital Partners LLC now owns 20,534 shares of the financial services provider’s stock worth $1,457,000 after purchasing an additional 650 shares during the period. Profund Advisors LLC raised its holdings in Synchrony Financial by 7.4% in the third quarter. Profund Advisors LLC now owns 3,031 shares of the financial services provider’s stock worth $215,000 after purchasing an additional 209 shares in the last quarter. Vise Technologies Inc. raised its holdings in Synchrony Financial by 8.6% in the third quarter. Vise Technologies Inc. now owns 27,888 shares of the financial services provider’s stock worth $1,979,000 after purchasing an additional 2,214 shares in the last quarter. Cidel Asset Management Inc. raised its holdings in Synchrony Financial by 4.2% in the third quarter. Cidel Asset Management Inc. now owns 9,483 shares of the financial services provider’s stock worth $673,000 after purchasing an additional 385 shares in the last quarter. Finally, Unison Advisors LLC lifted its position in Synchrony Financial by 0.4% during the third quarter. Unison Advisors LLC now owns 107,557 shares of the financial services provider’s stock valued at $7,633,000 after buying an additional 442 shares during the period. Institutional investors own 96.48% of the company’s stock.
Synchrony Financial News Summary
Here are the key news stories impacting Synchrony Financial this week:
- Positive Sentiment: Zacks raised its FY2027 EPS forecast to $10.48 from $10.24 and FY2028 forecast to $11.67 from $11.57. It also increased estimates for Q2 2027, Q2 2028 and Q3 2028, signaling improved expectations for some future periods. Synchrony Financial coverage
- Negative Sentiment: Zacks lowered estimates for Q4 2026 EPS to $1.98 from $2.09, Q1 2027 to $2.31 from $2.32, Q4 2027 to $2.47 from $2.72, and Q1 2028 to $2.53 from $2.63. These cuts temper the more favorable longer-term revisions and may contribute to weaker investor sentiment. Synchrony Financial coverage
Synchrony Financial Stock Performance
Shares of SYF opened at $74.13 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.15. The stock has a market cap of $23.09 billion, a P/E ratio of 7.72, a P/E/G ratio of 0.93 and a beta of 1.40. The business’s 50 day moving average price is $74.64 and its 200-day moving average price is $73.58. Synchrony Financial has a 52 week low of $63.08 and a 52 week high of $88.77.
Synchrony Financial (NYSE:SYF – Get Free Report) last posted its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $2.68 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.26. Synchrony Financial had a return on equity of 22.26% and a net margin of 14.59%. The company had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.81 billion. During the same quarter last year, the company earned $2.86 EPS. Equities research analysts anticipate that Synchrony Financial will post 9.59 earnings per share for the current fiscal year.
Synchrony Financial Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Thursday, November 5th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, November 5th. Synchrony Financial’s payout ratio is 14.20%.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on SYF. JPMorgan Chase & Co. boosted their target price on shares of Synchrony Financial from $74.00 to $77.00 and gave the company a “neutral” rating in a report on Wednesday, October 21st. Wells Fargo & Company reduced their target price 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. Morgan Stanley decreased their price target on shares of Synchrony Financial from $84.00 to $83.00 and set an “equal weight” rating for the company in a research note on Monday, October 12th. TD Cowen lowered their price target on shares of Synchrony Financial from $90.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, October 6th. Finally, BMO Capital Markets started coverage on shares of Synchrony Financial in a research report on Friday, October 9th. They set a “market perform” rating and a $81.00 price target for the company. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Synchrony Financial has an average rating of “Moderate Buy” and a consensus target price of $87.78.
Read Our Latest Stock Analysis on SYF
About Synchrony Financial
Synchrony Financial (NYSE: SYF) is a consumer financial services company that provides private-label credit cards, co-branded credit cards and promotional financing programs. Its financing products are offered through retailers, manufacturers, healthcare providers and other businesses, helping consumers pay for purchases over time.
The company serves a range of industries, including digital commerce, home improvement, furniture, automotive, healthcare, jewelry, apparel, electronics and specialty retail.
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