Great Lakes Advisors LLC Purchases Shares of 51,401 Synchrony Financial $SYF

Great Lakes Advisors LLC bought a new position in shares of Synchrony Financial (NYSE:SYF) in the second quarter, Holdings Channel reports. The firm bought 51,401 shares of the financial services provider’s stock, valued at approximately $3,909,000.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SYF. Loop Capital started coverage on Synchrony Financial in a research note on Friday, May 22nd. They set a “hold” rating and a $81.00 target price on the stock. JPMorgan Chase & Co. lowered their price target on Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating on the stock in a report on Monday, July 13th. UBS Group lifted their price target on Synchrony Financial from $84.00 to $87.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Wells Fargo & Company decreased their target price on Synchrony Financial from $95.00 to $88.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Finally, Royal Bank Of Canada dropped their price objective on Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating on the stock in a research note 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $87.89.

Synchrony Financial Stock Performance

NYSE SYF opened at $76.76 on Friday. The business has a 50 day simple moving average of $76.03 and a two-hundred day simple moving average of $72.88. Synchrony Financial has a 1-year low of $63.08 and a 1-year high of $88.77. The stock has a market capitalization of $24.98 billion, a PE ratio of 7.86, a P/E/G ratio of 0.73 and a beta of 1.32. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.22 and a quick ratio of 1.22.

Synchrony Financial (NYSE:SYF) last issued 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 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 period in the prior year, the business posted $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. On average, research analysts predict that Synchrony Financial will post 9.37 EPS for the current fiscal year.

Synchrony Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Wednesday, August 5th were issued a $0.34 dividend. The ex-dividend date was Wednesday, August 5th. This is an increase from Synchrony Financial’s previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a dividend yield of 1.8%. Synchrony Financial’s dividend payout ratio is presently 13.93%.

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.