71,341 Shares in Synchrony Financial $SYF Acquired by Foster & Motley Inc.

Foster & Motley Inc. purchased a new stake in Synchrony Financial (NYSE:SYF) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 71,341 shares of the financial services provider’s stock, valued at approximately $5,425,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new position in Synchrony Financial in the 2nd quarter valued at $2,349,452,000. State Street Corp lifted its holdings in shares of Synchrony Financial by 1.0% in the third quarter. State Street Corp now owns 19,080,903 shares of the financial services provider’s stock worth $1,355,698,000 after acquiring an additional 191,920 shares during the last quarter. Bank of America Corp DE boosted its position in Synchrony Financial by 34.6% in the second quarter. Bank of America Corp DE now owns 13,595,381 shares of the financial services provider’s stock valued at $907,356,000 after buying an additional 3,494,741 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Synchrony Financial by 7.6% during the 4th quarter. Morgan Stanley now owns 6,230,111 shares of the financial services provider’s stock valued at $519,778,000 after acquiring an additional 442,226 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Synchrony Financial by 6.4% during the first quarter. Dimensional Fund Advisors LP now owns 6,039,753 shares of the financial services provider’s stock valued at $410,760,000 after purchasing an additional 365,353 shares in the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on SYF. UBS Group upped their price target on Synchrony Financial from $84.00 to $87.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. HSBC lifted their price target on shares of Synchrony Financial from $93.00 to $97.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Barclays increased their target price on Synchrony Financial from $82.00 to $93.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Royal Bank Of Canada cut their price target 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. Finally, TD Cowen upped their target price on shares of Synchrony Financial from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Twelve research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $87.89.

Synchrony Financial Stock Performance

NYSE:SYF opened at $80.70 on Wednesday. Synchrony Financial has a 1-year low of $63.08 and a 1-year high of $88.77. The company has a market capitalization of $26.26 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 0.76 and a beta of 1.32. The business has a 50 day moving average of $75.75 and a 200 day moving average of $72.80. 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 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. Synchrony Financial had a net margin of 15.44% and a return on equity of 23.09%. The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the previous year, the company earned $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. On average, sell-side analysts predict that Synchrony Financial will post 9.37 earnings per share for the current fiscal year.

Synchrony Financial declared that its Board of Directors has approved a share buyback program on Tuesday, April 21st that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Synchrony Financial Increases Dividend

The firm also recently announced 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. The ex-dividend date was Wednesday, August 5th. This represents a $1.36 annualized dividend and a 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 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.