Public Employees Retirement System of Ohio Buys Shares of 258,490 Synchrony Financial $SYF

Public Employees Retirement System of Ohio purchased a new stake in shares of Synchrony Financial (NYSE:SYF) in the second quarter, according to its most recent filing with the SEC. The firm purchased 258,490 shares of the financial services provider’s stock, valued at approximately $19,658,000.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new position in Synchrony Financial in the 2nd quarter valued at approximately $2,349,452,000. State Street Corp boosted its position in Synchrony Financial by 1.0% during the third quarter. State Street Corp now owns 19,080,903 shares of the financial services provider’s stock worth $1,355,698,000 after purchasing an additional 191,920 shares in the last quarter. Bank of America Corp DE purchased a new stake in Synchrony Financial during the second quarter worth $1,122,961,000. Morgan Stanley grew its holdings in Synchrony Financial by 7.6% in the fourth quarter. Morgan Stanley now owns 6,230,111 shares of the financial services provider’s stock valued at $519,778,000 after purchasing an additional 442,226 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Synchrony Financial by 6.4% in the first quarter. Dimensional Fund Advisors LP now owns 6,039,753 shares of the financial services provider’s stock valued at $410,760,000 after buying an additional 365,353 shares in the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on SYF. Weiss Ratings reissued a “buy (b-)” rating on shares of Synchrony Financial in a research note on Friday, July 17th. TD Cowen upped their price target on shares of Synchrony Financial from $89.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. JPMorgan Chase & Co. lowered their price target on shares of Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating on the stock in a research report on Monday, July 13th. Wolfe Research boosted their price target on Synchrony Financial from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, August 25th. Finally, Robert W. Baird upped their price objective on Synchrony Financial from $86.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Twelve investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.78.

Synchrony Financial Stock Down 2.2%

SYF stock opened at $78.21 on Friday. Synchrony Financial has a one year low of $63.08 and a one year high of $88.77. The stock has a market capitalization of $25.45 billion, a P/E ratio of 8.01, a PEG ratio of 0.71 and a beta of 1.32. The company has a 50 day moving average price of $76.64 and a two-hundred day moving average price of $73.11. 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 announced 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 the consensus estimate of $3.72 billion. Synchrony Financial had a return on equity of 23.09% and a net margin of 15.44%.During the same quarter in the previous year, the business earned $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, sell-side analysts expect that Synchrony Financial will post 9.38 EPS for the current year.

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 is a positive change from Synchrony Financial’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, August 5th. This represents a $1.36 annualized dividend and a yield of 1.7%. Synchrony Financial’s dividend payout ratio (DPR) is presently 13.93%.

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.