State of Wyoming Takes Position in Synchrony Financial $SYF

State of Wyoming purchased a new position in shares of Synchrony Financial (NYSE:SYF) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,828 shares of the financial services provider’s stock, valued at approximately $747,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FWL Investment Management LLC bought a new position in Synchrony Financial in the 3rd quarter valued at approximately $26,000. Fideuram Asset Management Ireland dac acquired a new stake in Synchrony Financial during the 4th quarter worth approximately $29,000. Advisors Asset Management Inc. bought a new stake in Synchrony Financial during the 4th quarter worth approximately $29,000. Palisade Asset Management LLC bought a new stake in Synchrony Financial during the 3rd quarter worth approximately $29,000. Finally, Reflection Asset Management acquired a new position in Synchrony Financial in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 96.48% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on SYF. JPMorgan Chase & Co. dropped their price target 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. BTIG Research cut shares of Synchrony Financial from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 22nd. Royal Bank Of Canada decreased their price objective on Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating for the company in a report on Wednesday, July 22nd. Truist Financial raised their target price on Synchrony Financial from $71.00 to $82.00 and gave the stock a “hold” rating in a research report on Thursday, April 23rd. Finally, Loop Capital initiated coverage on Synchrony Financial in a report on Friday, May 22nd. They set a “hold” rating and a $81.00 target price on the stock. Twelve analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $87.89.

Synchrony Financial Trading Up 0.1%

NYSE:SYF opened at $81.04 on Monday. Synchrony Financial has a 52 week low of $63.08 and a 52 week high of $88.77. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.22 and a current ratio of 1.22. The firm’s fifty day moving average is $75.37 and its 200-day moving average is $72.70. The firm has a market cap of $26.37 billion, a P/E ratio of 8.30, a P/E/G ratio of 0.76 and a beta of 1.32.

Synchrony Financial (NYSE:SYF) last released its 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. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates 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 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. Equities analysts expect that Synchrony Financial will post 9.37 earnings per share for the current year.

Synchrony Financial Increases Dividend

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

Synchrony Financial announced that its Board of Directors has authorized a share buyback program on Tuesday, April 21st that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Synchrony Financial 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.