Kingsview Wealth Management LLC Acquires Shares of 9,539 Synchrony Financial $SYF

Kingsview Wealth Management LLC bought a new position in Synchrony Financial (NYSE:SYF) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,539 shares of the financial services provider’s stock, valued at approximately $725,000.

A number of other institutional investors have also recently made changes to their positions in SYF. BlackRock Inc. bought a new position in Synchrony Financial in the 2nd quarter valued at approximately $2,349,452,000. State Street Corp increased its holdings in shares of Synchrony Financial by 1.0% in the 3rd quarter. State Street Corp now owns 19,080,903 shares of the financial services provider’s stock worth $1,355,698,000 after purchasing an additional 191,920 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of Synchrony Financial in the second quarter worth $1,122,961,000. Morgan Stanley lifted its holdings in shares of Synchrony Financial by 7.6% during the fourth quarter. Morgan Stanley now owns 6,230,111 shares of the financial services provider’s stock valued at $519,778,000 after purchasing an additional 442,226 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Synchrony Financial by 6.4% during the first quarter. Dimensional Fund Advisors LP now owns 6,039,753 shares of the financial services provider’s stock valued at $410,760,000 after purchasing an additional 365,353 shares in the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. UBS Group lifted their price objective on Synchrony Financial from $84.00 to $87.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. HSBC lifted their price target on shares of Synchrony Financial from $93.00 to $97.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Wells Fargo & Company lowered their price objective 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. Royal Bank Of Canada dropped their target price on shares of Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 22nd. Finally, Robert W. Baird lifted their target price on shares of Synchrony Financial from $86.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Twelve 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 an average price target of $87.78.

Synchrony Financial Price Performance

Shares of NYSE:SYF opened at $78.21 on Monday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $25.45 billion, a PE ratio of 8.01, a price-to-earnings-growth ratio of 0.71 and a beta of 1.32. The firm’s 50 day moving average price is $76.64 and its 200-day moving average price is $73.11. Synchrony Financial has a twelve month low of $63.08 and a twelve month high of $88.77.

Synchrony Financial (NYSE:SYF) last announced 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 business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the prior year, the company earned $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Equities research analysts expect that Synchrony Financial will post 9.38 EPS for the current year.

Synchrony Financial Increases Dividend

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