California State Teachers Retirement System Boosts Holdings in Synchrony Financial $SYF

California State Teachers Retirement System raised its position in shares of Synchrony Financial (NYSE:SYF) by 6,835.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,285,108 shares of the financial services provider’s stock after acquiring an additional 32,805,164 shares during the period. California State Teachers Retirement System owned approximately 0.10% of Synchrony Financial worth $2,531,332,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. FWL Investment Management LLC bought a new position in Synchrony Financial during the 3rd quarter valued at about $26,000. Fideuram Asset Management Ireland dac bought a new stake in Synchrony Financial in the fourth quarter worth about $29,000. Compass Financial Management LLC purchased a new position in shares of Synchrony Financial during the second quarter valued at approximately $29,000. Advisors Asset Management Inc. purchased a new position in shares of Synchrony Financial during the fourth quarter valued at approximately $29,000. Finally, Palisade Asset Management LLC bought a new position in shares of Synchrony Financial during the third quarter valued at approximately $29,000. Institutional investors own 96.48% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on SYF. Robert W. Baird increased their price target on Synchrony Financial from $86.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. UBS Group boosted their price objective on Synchrony Financial from $84.00 to $87.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. TD Cowen boosted their price objective on Synchrony Financial from $89.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. JPMorgan Chase & Co. reduced their target price on Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating on the stock in a research note on Monday, July 13th. Finally, Loop Capital initiated coverage on Synchrony Financial in a research note on Friday, May 22nd. They issued a “hold” rating and a $81.00 target price on the stock. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $88.24.

Synchrony Financial Stock Performance

Shares of NYSE:SYF opened at $75.41 on Friday. The firm’s 50 day simple moving average is $76.88 and its 200-day simple moving average is $73.47. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.22 and a current ratio of 1.22. Synchrony Financial has a one year low of $63.08 and a one year high of $88.77. The firm has a market cap of $24.54 billion, a PE ratio of 7.73, a price-to-earnings-growth ratio of 0.71 and a beta of 1.32.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $3.72 billion. During the same period in the prior year, the firm earned $2.50 earnings per share. 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. Shareholders of record on Wednesday, August 5th were issued a $0.34 dividend. 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 1.8%. The ex-dividend date of this dividend was Wednesday, August 5th. Synchrony Financial’s dividend payout ratio is 13.93%.

Synchrony Financial Company Profile

Synchrony Financial (NYSE: SYF) is a consumer financial services company that provides credit products and financing programs through partnerships with retailers, manufacturers, healthcare providers and other businesses. Its offerings are designed to help consumers finance purchases and manage spending across a range of industries.

The company’s products include private-label and co-branded credit cards, promotional financing, installment loans and other consumer payment solutions. Synchrony also provides deposit products and other banking services through Synchrony Bank, including savings accounts, certificates of deposit and money market accounts.

Synchrony primarily serves consumers and business partners in the United States, including customers in retail, home, automotive, healthcare, specialty and other markets.