Callan Family Office LLC Takes $715,000 Position in Synchrony Financial $SYF

Callan Family Office LLC acquired a new position in Synchrony Financial (NYSE:SYF) during the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 9,397 shares of the financial services provider’s stock, valued at approximately $715,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SYF. BlackRock Inc. purchased a new stake in shares of Synchrony Financial in the 2nd quarter valued at approximately $2,349,452,000. Norges Bank purchased a new position in Synchrony Financial during the 4th quarter worth approximately $383,231,000. Bank of America Corp DE grew its position in Synchrony Financial by 34.6% during the 2nd quarter. Bank of America Corp DE now owns 13,595,381 shares of the financial services provider’s stock worth $907,356,000 after purchasing an additional 3,494,741 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Synchrony Financial during the 2nd quarter valued at $193,684,000. Finally, Deutsche Bank AG acquired a new stake in Synchrony Financial during the 2nd quarter valued at $186,973,000. 96.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SYF. JPMorgan Chase & Co. decreased their target price on Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating for the company in a research report on Monday, July 13th. HSBC upped their price target on Synchrony Financial from $93.00 to $97.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Royal Bank Of Canada reduced their price objective on Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 22nd. Wolfe Research raised 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. Finally, Robert W. Baird lifted their target price on Synchrony Financial from $86.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Twelve research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $87.78.

Synchrony Financial Price Performance

Shares of NYSE:SYF opened at $80.82 on Wednesday. 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 has a 1 year low of $63.08 and a 1 year high of $88.77. The business has a fifty day simple moving average of $76.38 and a 200 day simple moving average of $73.00. The firm has a market cap of $26.30 billion, a price-to-earnings ratio of 8.28, a P/E/G ratio of 0.73 and a beta of 1.32.

Synchrony Financial (NYSE:SYF) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.45. Synchrony Financial had a return on equity of 23.09% and a net margin of 15.44%.The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the company posted $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, sell-side analysts predict that Synchrony Financial will post 9.39 earnings per share for the current fiscal year.

Synchrony Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Wednesday, August 5th were issued a dividend of $0.34 per share. The ex-dividend date was Wednesday, August 5th. This represents a $1.36 annualized dividend 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 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.