Munich Reinsurance Co Stock Corp in Munich Purchases 183,076 Shares of Synchrony Financial $SYF

Munich Reinsurance Co Stock Corp in Munich grew its holdings in Synchrony Financial (NYSE:SYF) by 243.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 258,224 shares of the financial services provider’s stock after purchasing an additional 183,076 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich’s holdings in Synchrony Financial were worth $19,638,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. FWL Investment Management LLC acquired a new stake in Synchrony Financial in the 3rd quarter valued at approximately $26,000. Palisade Asset Management LLC acquired a new position in shares of Synchrony Financial during the third quarter worth approximately $29,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Synchrony Financial during the fourth quarter worth approximately $29,000. Advisors Asset Management Inc. acquired a new position in shares of Synchrony Financial during the fourth quarter worth approximately $29,000. Finally, Compass Financial Management LLC bought a new stake in shares of Synchrony Financial in the second quarter valued at approximately $29,000. 96.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SYF. Robert W. Baird raised their price objective on shares of Synchrony Financial from $86.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. cut their target price 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. Weiss Ratings reissued a “buy (b-)” rating on shares of Synchrony Financial in a report on Friday, July 17th. TD Cowen raised their price target on shares of Synchrony Financial from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Finally, HSBC boosted their price objective on shares of Synchrony Financial from $93.00 to $97.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Twelve analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $87.78.

Synchrony Financial Price Performance

Shares of SYF stock opened at $79.93 on Friday. Synchrony Financial has a 12 month low of $63.08 and a 12 month high of $88.77. The company has a market capitalization of $26.01 billion, a P/E ratio of 8.19, a P/E/G ratio of 0.73 and a beta of 1.32. The stock has a 50 day moving average of $76.80 and a two-hundred day moving average of $73.31. 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 (NYSE:SYF) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.45. The business had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Synchrony Financial had a return on equity of 23.09% and a net margin of 15.44%.During the same period in the previous year, the business posted $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, equities analysts expect that Synchrony Financial will post 9.37 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 paid a dividend of $0.34 per share. This is an increase from Synchrony Financial’s previous quarterly dividend of $0.30. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Wednesday, August 5th. Synchrony Financial’s dividend 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.