Benjamin Edwards Inc. Sells 13,132 Shares of Synchrony Financial $SYF

Benjamin Edwards Inc. trimmed its position in Synchrony Financial (NYSE:SYF) by 64.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 7,196 shares of the financial services provider’s stock after selling 13,132 shares during the period. Benjamin Edwards Inc.’s holdings in Synchrony Financial were worth $548,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. purchased a new stake in Synchrony Financial during the 4th quarter valued at $29,000. Fideuram Asset Management Ireland dac purchased a new position in shares of Synchrony Financial in the fourth quarter valued at about $29,000. FWL Investment Management LLC bought a new position in shares of Synchrony Financial during the third quarter valued at about $26,000. Compass Financial Management LLC bought a new position in shares of Synchrony Financial during the second quarter valued at about $29,000. Finally, Reflection Asset Management bought a new position in shares of Synchrony Financial during the fourth quarter valued at about $31,000. 96.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wells Fargo & Company cut their target price on Synchrony Financial from $95.00 to $88.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Synchrony Financial in a research report on Friday, July 17th. Loop Capital initiated 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. Wolfe Research lifted their price objective on Synchrony Financial from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. Finally, JPMorgan Chase & Co. reduced their target price on Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating on the stock in a research note on Monday, July 13th. Twelve research 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $87.78.

Synchrony Financial Trading Up 2.3%

NYSE:SYF opened at $78.35 on Thursday. The company has a 50-day moving average price of $76.74 and a 200-day moving average price of $73.21. Synchrony Financial has a 12 month low of $63.08 and a 12 month high of $88.77. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.08. The stock has a market cap of $25.49 billion, a price-to-earnings ratio of 8.03, a P/E/G ratio of 0.70 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, beating the consensus estimate of $2.14 by $0.45. Synchrony Financial had a net margin of 15.44% and a return on equity of 23.09%. The company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the previous year, the company earned $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Equities analysts predict that Synchrony Financial will post 9.37 EPS for the current year.

Synchrony Financial Increases Dividend

The company also recently disclosed 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 yield of 1.7%. The ex-dividend date of this dividend was Wednesday, August 5th. This is a positive change from Synchrony Financial’s previous quarterly dividend of $0.30. Synchrony Financial’s payout ratio is presently 13.93%.

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.