Bank of Nova Scotia Buys New Position in Synchrony Financial $SYF

Bank of Nova Scotia bought a new stake in Synchrony Financial (NYSE:SYF) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 30,009 shares of the financial services provider’s stock, valued at approximately $2,282,000.

A number of other large investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. acquired a new position in Synchrony Financial during the fourth quarter worth $29,000. Fideuram Asset Management Ireland dac acquired a new stake in Synchrony Financial in the 4th quarter valued at $29,000. FWL Investment Management LLC acquired a new position in shares of Synchrony Financial during the 3rd quarter worth about $26,000. Compass Financial Management LLC acquired a new position in shares of Synchrony Financial during the 2nd quarter worth about $29,000. Finally, Reflection Asset Management bought a new position in shares of Synchrony Financial in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 96.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SYF shares. TD Cowen lifted their target price on Synchrony Financial from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Wells Fargo & Company reduced their price target 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. 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 research report on Monday, July 13th. Wolfe Research upped their price objective on Synchrony Financial from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Loop Capital initiated coverage on Synchrony Financial in a report on Friday, May 22nd. They issued a “hold” rating and a $81.00 price objective for the company. Twelve research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Synchrony Financial currently has an average rating of “Moderate Buy” and a consensus target price of $87.78.

Synchrony Financial Price Performance

Shares of NYSE SYF opened at $79.84 on Thursday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.08. The business’s 50 day moving average price is $76.49 and its two-hundred day moving average price is $73.04. The company has a market cap of $25.98 billion, a PE ratio of 8.18, a price-to-earnings-growth ratio of 0.74 and a beta of 1.32. Synchrony Financial has a twelve month low of $63.08 and a twelve month high of $88.77.

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 return on equity of 23.09% and a net margin of 15.44%.The company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same period last year, the firm posted $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. On average, analysts predict that Synchrony Financial will post 9.39 EPS for the current year.

Synchrony Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Wednesday, August 5th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend 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 payout ratio 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.