Elevation Point Wealth Partners LLC Makes New Investment in Synchrony Financial $SYF

Elevation Point Wealth Partners LLC purchased a new position in shares of Synchrony Financial (NYSE:SYF) in the 2nd quarter, Holdings Channel reports. The firm purchased 14,318 shares of the financial services provider’s stock, valued at approximately $1,089,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SYF. NewEdge Advisors LLC boosted its holdings in Synchrony Financial by 8.9% during the first quarter. NewEdge Advisors LLC now owns 8,302 shares of the financial services provider’s stock worth $439,000 after purchasing an additional 679 shares during the last quarter. Woodline Partners LP grew its position in Synchrony Financial by 36.2% in the first quarter. Woodline Partners LP now owns 35,582 shares of the financial services provider’s stock valued at $1,884,000 after purchasing an additional 9,460 shares in the last quarter. Focus Partners Wealth increased its stake in Synchrony Financial by 7.7% in the 1st quarter. Focus Partners Wealth now owns 6,406 shares of the financial services provider’s stock valued at $339,000 after buying an additional 459 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in Synchrony Financial by 337.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider’s stock valued at $31,000 after buying an additional 455 shares during the last quarter. Finally, Sivia Capital Partners LLC lifted its position in Synchrony Financial by 56.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 6,062 shares of the financial services provider’s stock worth $405,000 after buying an additional 2,178 shares in the last quarter. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Synchrony Financial Stock Performance

Shares of SYF stock opened at $80.06 on Tuesday. The stock has a market cap of $26.05 billion, a P/E ratio of 8.20, a P/E/G ratio of 0.73 and a beta of 1.32. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.22 and a quick ratio of 1.22. The company has a fifty day moving average price of $76.26 and a two-hundred day moving average price of $72.96. Synchrony Financial has a one year low of $63.08 and a one year high of $88.77.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data 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. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.72 billion. Synchrony Financial had a net margin of 15.44% and a return on equity of 23.09%. During the same quarter last year, the firm posted $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, equities analysts predict that Synchrony Financial will post 9.37 EPS for the current year.

Synchrony Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Wednesday, August 5th were issued a dividend of $0.34 per share. The ex-dividend date was Wednesday, August 5th. This is an increase from Synchrony Financial’s previous quarterly dividend of $0.30. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. Synchrony Financial’s dividend payout ratio is 13.93%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SYF shares. JPMorgan Chase & Co. reduced their price objective on shares of Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating for the company in a research note on Monday, July 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Synchrony Financial in a report on Friday, July 17th. TD Cowen increased their price target on Synchrony Financial from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. UBS Group raised their price target on Synchrony Financial from $84.00 to $87.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Finally, Loop Capital began coverage on Synchrony Financial in a research report on Friday, May 22nd. They set a “hold” rating and a $81.00 price target on the stock. Twelve research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Synchrony Financial has an average rating of “Moderate Buy” and a consensus price target of $87.89.

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.