25,405 Shares in Synchrony Financial $SYF Purchased by Commerce Bank

Commerce Bank bought a new position in shares of Synchrony Financial (NYSE:SYF) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 25,405 shares of the financial services provider’s stock, valued at approximately $1,932,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. World Investment Advisors increased its position in shares of Synchrony Financial by 0.6% during the first quarter. World Investment Advisors now owns 22,874 shares of the financial services provider’s stock valued at $1,556,000 after acquiring an additional 134 shares during the last quarter. Cullen Frost Bankers Inc. boosted its position in Synchrony Financial by 7.3% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,995 shares of the financial services provider’s stock worth $166,000 after purchasing an additional 135 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Synchrony Financial by 3.1% in the second quarter. Smartleaf Asset Management LLC now owns 5,027 shares of the financial services provider’s stock worth $333,000 after purchasing an additional 149 shares during the last quarter. Legacy Financial Advisors Inc. grew its stake in Synchrony Financial by 5.1% in the 4th quarter. Legacy Financial Advisors Inc. now owns 3,109 shares of the financial services provider’s stock valued at $259,000 after purchasing an additional 152 shares during the period. Finally, WealthTrust Asset Management LLC grew its stake in Synchrony Financial by 0.9% in the 1st quarter. WealthTrust Asset Management LLC now owns 17,452 shares of the financial services provider’s stock valued at $1,187,000 after purchasing an additional 156 shares during the period. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Loop Capital began 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. Royal Bank Of Canada decreased their price objective on shares of Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating for the company in a report on Wednesday, July 22nd. UBS Group lifted their price objective on shares of Synchrony Financial from $84.00 to $87.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. TD Cowen boosted their target price on shares of Synchrony Financial from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Finally, HSBC increased their target price on shares of Synchrony Financial from $93.00 to $97.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Twelve investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $87.78.

Synchrony Financial Stock Up 1.0%

SYF stock opened at $80.82 on Wednesday. The stock has a fifty day moving average of $76.38 and a 200-day moving average of $73.00. Synchrony Financial has a fifty-two week low of $63.08 and a fifty-two week high of $88.77. The company has a market capitalization of $26.30 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 0.73 and a beta of 1.32. 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 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 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, equities research analysts predict that Synchrony Financial will post 9.39 earnings per share for the current year.

Synchrony Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Wednesday, August 5th were paid a $0.34 dividend. The ex-dividend date was Wednesday, August 5th. This is a positive change from Synchrony Financial’s previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a dividend yield of 1.7%. Synchrony Financial’s dividend payout ratio is 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.