29,517 Shares in Synchrony Financial $SYF Purchased by Plato Investment Management Ltd

Plato Investment Management Ltd bought a new stake in Synchrony Financial (NYSE:SYF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 29,517 shares of the financial services provider’s stock, valued at approximately $2,232,000.

Several other institutional investors also recently modified their holdings of SYF. Simplicity Wealth LLC bought a new stake in shares of Synchrony Financial during the second quarter worth approximately $747,000. Global Retirement Partners LLC acquired a new position in Synchrony Financial in the second quarter valued at approximately $459,000. Alberta Investment Management Corp bought a new position in Synchrony Financial in the second quarter valued at approximately $27,005,000. Fielder Capital Group LLC bought a new position in Synchrony Financial in the second quarter valued at approximately $259,000. Finally, Bank of New York Mellon Corp acquired a new stake in Synchrony Financial during the 2nd quarter worth $193,684,000. Institutional investors and hedge funds own 96.48% of the company’s stock.

Synchrony Financial Trading Down 0.3%

SYF opened at $80.73 on Tuesday. The firm’s fifty day moving average is $75.58 and its two-hundred day moving average is $72.75. The firm has a market cap of $26.27 billion, a PE ratio of 8.27, a price-to-earnings-growth ratio of 0.76 and a beta of 1.32. Synchrony Financial has a twelve month low of $63.08 and a twelve month high of $88.77. 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 (NYSE:SYF) last released 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 business had revenue of $3.72 billion during 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 quarter in the prior year, the company earned $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Equities research analysts anticipate that Synchrony Financial will post 9.37 EPS for the current year.

Synchrony Financial declared that its board has authorized a stock buyback plan on Tuesday, April 21st that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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 represents a $1.36 annualized dividend and a dividend yield of 1.7%. This is an increase from Synchrony Financial’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, August 5th. Synchrony Financial’s dividend payout ratio is currently 13.93%.

Analysts Set New Price Targets

SYF has been the subject of several recent research reports. HSBC upped their target price on shares of Synchrony Financial from $93.00 to $97.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Wells Fargo & Company decreased their price objective on Synchrony Financial from $95.00 to $88.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Loop Capital began coverage on Synchrony Financial in a report on Friday, May 22nd. They issued a “hold” rating and a $81.00 price objective for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Synchrony Financial in a report on Friday, July 17th. Finally, Truist Financial increased their target price on Synchrony Financial from $71.00 to $82.00 and gave the company a “hold” rating in a research note on Thursday, April 23rd. Twelve investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $87.89.

Synchrony Financial 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.