L2 Asset Management LLC Takes Position in Synchrony Financial $SYF

L2 Asset Management LLC acquired a new stake in shares of Synchrony Financial (NYSE:SYF) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 108,337 shares of the financial services provider’s stock, valued at approximately $8,239,000. Synchrony Financial makes up approximately 0.9% of L2 Asset Management LLC’s portfolio, making the stock its 27th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of SYF. FWL Investment Management LLC purchased a new stake in Synchrony Financial in the 3rd quarter worth approximately $26,000. Fideuram Asset Management Ireland dac purchased a new position in shares of Synchrony Financial during the 4th quarter valued at $29,000. Compass Financial Management LLC purchased a new position in shares of Synchrony Financial during the 2nd quarter valued at $29,000. Advisors Asset Management Inc. bought a new position in shares of Synchrony Financial in the fourth quarter worth $29,000. Finally, Palisade Asset Management LLC purchased a new stake in shares of Synchrony Financial in the third quarter worth $29,000. Institutional investors own 96.48% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on SYF. Royal Bank Of Canada reduced their target price on Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 22nd. UBS Group upped 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. JPMorgan Chase & Co. dropped their target price on shares of Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating for the company in a research report on Monday, July 13th. Robert W. Baird increased their price target on shares of Synchrony Financial from $86.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Finally, Loop Capital started coverage on shares of Synchrony Financial in a research report on Friday, May 22nd. They set a “hold” rating and a $81.00 price objective on the stock. Twelve investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.89.

Synchrony Financial Stock Performance

NYSE:SYF opened at $80.06 on Tuesday. The company has a market capitalization of $26.05 billion, a price-to-earnings ratio of 8.20, a PEG ratio of 0.73 and a beta of 1.32. The business has a 50 day moving average of $76.26 and a 200 day moving average of $72.96. 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 has a 1-year low of $63.08 and a 1-year high of $88.77.

Synchrony Financial (NYSE:SYF) last issued its quarterly 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. The business had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Synchrony Financial had a net margin of 15.44% and a return on equity of 23.09%. During the same period last year, the business 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 Increases Dividend

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