Invst LLC Purchases Shares of 13,516 Synchrony Financial $SYF

Invst LLC acquired a new position in shares of Synchrony Financial (NYSE:SYF) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,516 shares of the financial services provider’s stock, valued at approximately $1,028,000.

A number of other institutional investors also recently modified their holdings of the company. World Investment Advisors grew its position in Synchrony Financial by 0.6% during the 1st quarter. World Investment Advisors now owns 22,874 shares of the financial services provider’s stock worth $1,556,000 after acquiring an additional 134 shares during the last quarter. Cullen Frost Bankers Inc. raised its position in Synchrony Financial by 7.3% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,995 shares of the financial services provider’s stock valued at $166,000 after purchasing an additional 135 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Synchrony Financial by 3.1% in the second quarter. Smartleaf Asset Management LLC now owns 5,027 shares of the financial services provider’s stock worth $333,000 after purchasing an additional 149 shares in the last quarter. Legacy Financial Advisors Inc. boosted its stake in Synchrony Financial by 5.1% in the fourth quarter. Legacy Financial Advisors Inc. now owns 3,109 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 152 shares in the last quarter. Finally, WealthTrust Asset Management LLC grew its holdings in shares of Synchrony Financial by 0.9% during the first quarter. WealthTrust Asset Management LLC now owns 17,452 shares of the financial services provider’s stock worth $1,187,000 after purchasing an additional 156 shares during the last quarter. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial Stock Up 1.0%

Shares of NYSE SYF opened at $80.82 on Wednesday. The firm has a market capitalization of $26.30 billion, a PE ratio of 8.28, a price-to-earnings-growth ratio of 0.73 and a beta of 1.32. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.08. Synchrony Financial has a 1 year low of $63.08 and a 1 year high of $88.77. The firm’s 50-day moving average is $76.38 and its 200-day moving average is $73.00.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings results 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 business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the previous year, the firm posted $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Equities analysts expect that Synchrony Financial will post 9.39 EPS for the current year.

Synchrony Financial Increases Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Loop Capital started coverage on Synchrony Financial in a research note on Friday, May 22nd. They issued a “hold” rating and a $81.00 target price for the company. JPMorgan Chase & Co. decreased their price objective on shares of Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating on the stock in a report on Monday, July 13th. Wolfe Research raised their price objective on shares of Synchrony Financial from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday. TD Cowen boosted their target price on shares of Synchrony Financial from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Finally, Wells Fargo & Company reduced 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 report on Wednesday, July 22nd. Twelve research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $87.78.

About Synchrony Financial

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.