Burns Matteson Capital Management LLC purchased a new position in Synchrony Financial (NYSE:SYF – Free Report) during the third quarter, Holdings Channel reports. The fund purchased 7,547 shares of the financial services provider’s stock, valued at approximately $536,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Pension & Wealth Management Advisors Inc. purchased a new stake in shares of Synchrony Financial during the third quarter valued at approximately $26,000. Compass Financial Management LLC bought a new position in shares of Synchrony Financial in the second quarter worth approximately $29,000. Reflection Asset Management bought a new position in shares of Synchrony Financial in the fourth quarter worth approximately $31,000. Fiduciary Financial Advisors purchased a new position in shares of Synchrony Financial in the second quarter worth $33,000. Finally, GK Wealth Management LLC purchased a new position in shares of Synchrony Financial in the third quarter worth $31,000. Institutional investors own 96.48% of the company’s stock.
Synchrony Financial Trading Down 0.4%
NYSE:SYF opened at $73.72 on Friday. The company has a 50-day moving average price of $75.96 and a 200-day moving average price of $74.50. Synchrony Financial has a 12 month low of $63.08 and a 12 month high of $88.77. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.08. The stock has a market cap of $23.99 billion, a price-to-earnings ratio of 7.55, a P/E/G ratio of 0.86 and a beta of 1.35.
Synchrony Financial (NYSE:SYF – Get Free Report) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share 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 firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the previous year, the firm posted $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Equities analysts predict that Synchrony Financial will post 9.40 EPS for the current year.
Synchrony Financial Increases Dividend
The business also recently disclosed 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 1.8%. This is a boost from Synchrony Financial’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, August 5th. Synchrony Financial’s dividend payout ratio (DPR) is 13.93%.
Wall Street Analysts Forecast Growth
SYF has been the subject of a number of recent analyst reports. Royal Bank Of Canada lowered their price target on shares of Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating for the company in a report on Wednesday, July 22nd. HSBC increased their price objective on Synchrony Financial from $93.00 to $97.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Morgan Stanley dropped their price objective on Synchrony Financial from $84.00 to $83.00 and set an “equal weight” rating for the company in a report on Monday, October 12th. BMO Capital Markets assumed coverage on Synchrony Financial in a research report on Friday, October 9th. They issued a “market perform” rating and a $81.00 price objective on the stock. Finally, Robert W. Baird boosted their target price on Synchrony Financial from $86.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Nine investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Synchrony Financial presently has a consensus rating of “Moderate Buy” and an average price target of $87.25.
Synchrony Financial Profile
Synchrony Financial (NYSE: SYF) is a consumer financial services company that provides credit products and related services through partnerships with retailers, manufacturers, healthcare providers and other businesses. The company is best known for private-label credit cards and dual-use credit cards that allow consumers to finance purchases with participating brands.
Synchrony’s offerings also include promotional financing, installment loans and other consumer payment solutions. Its products support spending across areas such as retail, home improvement, consumer electronics, healthcare, automotive and lifestyle purchases.
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