Artemis Investment Management LLP Grows Stake in Synchrony Financial $SYF

Artemis Investment Management LLP increased its position in Synchrony Financial (NYSE:SYF) by 27.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 512,567 shares of the financial services provider’s stock after purchasing an additional 109,331 shares during the quarter. Artemis Investment Management LLP’s holdings in Synchrony Financial were worth $36,377,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Elevation Wealth Partners LLC raised its stake in Synchrony Financial by 58.4% during the 3rd quarter. Elevation Wealth Partners LLC now owns 1,098 shares of the financial services provider’s stock worth $78,000 after buying an additional 405 shares during the period. Greenfield Savings Bank grew its stake in Synchrony Financial by 3.3% in the third quarter. Greenfield Savings Bank now owns 8,203 shares of the financial services provider’s stock valued at $582,000 after acquiring an additional 261 shares during the period. Kwmg LLC increased its holdings in shares of Synchrony Financial by 2.2% during the third quarter. Kwmg LLC now owns 117,910 shares of the financial services provider’s stock valued at $8,368,000 after acquiring an additional 2,586 shares in the last quarter. CX Institutional increased its holdings in shares of Synchrony Financial by 33.7% during the third quarter. CX Institutional now owns 78,791 shares of the financial services provider’s stock valued at $5,592,000 after acquiring an additional 19,868 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in shares of Synchrony Financial by 4.4% during the third quarter. Versant Capital Management Inc now owns 7,857 shares of the financial services provider’s stock worth $558,000 after purchasing an additional 333 shares during the period. 96.48% of the stock is owned by institutional investors.

Synchrony Financial Stock Up 1.4%

Shares of SYF stock traded up $0.98 on Thursday, hitting $72.91. The stock had a trading volume of 866,317 shares, compared to its average volume of 3,900,103. 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 business has a 50 day moving average of $76.63 and a 200 day moving average of $74.22. Synchrony Financial has a 12-month low of $63.08 and a 12-month high of $88.77. The stock has a market cap of $23.72 billion, a price-to-earnings ratio of 7.47, a price-to-earnings-growth ratio of 0.62 and a beta of 1.35.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.45. The business 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 period in the prior year, the firm posted $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, analysts expect that Synchrony Financial will post 9.38 EPS for the current year.

Synchrony Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders 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 dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, August 5th. Synchrony Financial’s dividend payout ratio is currently 13.93%.

Wall Street Analysts Forecast Growth

SYF has been the subject of several research reports. TD Cowen reduced their price target on shares of Synchrony Financial from $90.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Synchrony Financial in a research note on Friday, July 17th. HSBC lifted their price objective on shares of Synchrony Financial from $93.00 to $97.00 and gave the company a “buy” rating in a report on Monday, July 13th. Wolfe Research boosted their target price on shares of Synchrony Financial from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. Finally, Wells Fargo & Company lowered their target price on shares of Synchrony Financial from $95.00 to $88.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Synchrony Financial presently has an average rating of “Moderate Buy” and an average price target of $88.29.

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.