Tidal Investments LLC Buys 6,958 Shares of Synchrony Financial $SYF

Tidal Investments LLC raised its stake in shares of Synchrony Financial (NYSE:SYF) by 10.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 73,699 shares of the financial services provider’s stock after purchasing an additional 6,958 shares during the quarter. Tidal Investments LLC’s holdings in Synchrony Financial were worth $5,605,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SYF. Archford Capital Strategies LLC boosted its stake in Synchrony Financial by 1.2% during the 2nd quarter. Archford Capital Strategies LLC now owns 42,373 shares of the financial services provider’s stock worth $3,222,000 after acquiring an additional 488 shares during the last quarter. National Pension Service increased its stake in Synchrony Financial by 6.3% in the second quarter. National Pension Service now owns 1,094,717 shares of the financial services provider’s stock valued at $83,253,000 after purchasing an additional 65,124 shares in the last quarter. WINTON GROUP Ltd raised its holdings in Synchrony Financial by 277.8% in the second quarter. WINTON GROUP Ltd now owns 66,650 shares of the financial services provider’s stock worth $5,069,000 after purchasing an additional 49,009 shares during the period. NewEdge Advisors LLC raised its holdings in Synchrony Financial by 4.3% in the second quarter. NewEdge Advisors LLC now owns 14,616 shares of the financial services provider’s stock worth $1,112,000 after purchasing an additional 601 shares during the period. Finally, IFP Advisors Inc boosted its position in shares of Synchrony Financial by 17.5% during the second quarter. IFP Advisors Inc now owns 3,996 shares of the financial services provider’s stock worth $304,000 after purchasing an additional 596 shares in the last quarter. 96.48% of the stock is owned by institutional investors.

Synchrony Financial Stock Up 0.0%

Shares of SYF stock opened at $76.00 on Monday. The firm has a fifty day moving average of $76.88 and a 200-day moving average of $73.52. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.08. Synchrony Financial has a 12-month low of $63.08 and a 12-month high of $88.77. The company has a market capitalization of $24.73 billion, a price-to-earnings ratio of 7.79, a P/E/G ratio of 0.70 and a beta of 1.32.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.59 EPS for the quarter, beating the consensus estimate of $2.14 by $0.45. The business had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Synchrony Financial had a net margin of 15.44% and a return on equity of 23.09%. During the same period in the previous 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 research analysts predict that Synchrony Financial will post 9.37 earnings per share for the current fiscal year.

Synchrony Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Wednesday, August 5th were paid a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, August 5th. This represents a $1.36 annualized dividend and a dividend yield of 1.8%. This is a positive change from Synchrony Financial’s previous quarterly dividend of $0.30. Synchrony Financial’s dividend payout ratio (DPR) is 13.93%.

Analyst Upgrades and Downgrades

SYF has been the subject of several research analyst reports. Wells Fargo & Company decreased their price target on shares of Synchrony Financial from $95.00 to $88.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. HSBC raised their price objective on Synchrony Financial from $93.00 to $97.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Robert W. Baird lifted their target price on Synchrony Financial from $86.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. decreased their target price on Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating for the company in a research note on Monday, July 13th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Synchrony Financial in a report on Friday, July 17th. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Synchrony Financial presently has an average rating of “Moderate Buy” and an average target price of $88.24.

Synchrony Financial 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.