Meeder Advisory Services Inc. Acquires New Stake in Synchrony Financial $SYF

Meeder Advisory Services Inc. acquired a new stake in Synchrony Financial (NYSE:SYF) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 16,749 shares of the financial services provider’s stock, valued at approximately $1,274,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SYF. Advisors Asset Management Inc. purchased a new stake in shares of Synchrony Financial during the fourth quarter worth $29,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Synchrony Financial in the fourth quarter valued at about $29,000. FWL Investment Management LLC purchased a new position in shares of Synchrony Financial in the third quarter worth about $26,000. Reflection Asset Management purchased a new position in shares of Synchrony Financial in the fourth quarter worth about $31,000. Finally, Palisade Asset Management LLC acquired a new position in Synchrony Financial during the third quarter worth about $29,000. Institutional investors and hedge funds own 96.48% of the company’s stock.

Synchrony Financial Stock Performance

NYSE:SYF opened at $79.64 on Thursday. The company’s 50-day moving average is $75.95 and its two-hundred day moving average is $72.85. Synchrony Financial has a 1-year low of $63.08 and a 1-year high of $88.77. 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 firm has a market capitalization of $25.91 billion, a price-to-earnings ratio of 8.16, a PEG ratio of 0.74 and a beta of 1.32.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results 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 quarter last year, the firm earned $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Analysts forecast that Synchrony Financial will post 9.37 EPS for the current year.

Synchrony Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Wednesday, August 5th were given a $0.34 dividend. The ex-dividend date was Wednesday, August 5th. This is a positive change from Synchrony Financial’s previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a yield of 1.7%. Synchrony Financial’s dividend payout ratio (DPR) is currently 13.93%.

Analysts Set New Price Targets

SYF has been the subject of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating for the company in a research note on Monday, July 13th. Wells Fargo & Company decreased their target price on shares of Synchrony Financial from $95.00 to $88.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Truist Financial boosted their target price on Synchrony Financial from $71.00 to $82.00 and gave the stock a “hold” rating in a report on Thursday, April 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Synchrony Financial in a research report on Friday, July 17th. Finally, BTIG Research cut Synchrony Financial from a “buy” rating to a “neutral” rating in a report on Wednesday, April 22nd. Twelve research analysts have rated the stock with a Buy rating and seven have assigned 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 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.