Basswood Capital Management L.L.C. Takes $45.73 Million Position in Synchrony Financial $SYF

Basswood Capital Management L.L.C. purchased a new position in shares of Synchrony Financial (NYSE:SYF) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 601,368 shares of the financial services provider’s stock, valued at approximately $45,734,000. Synchrony Financial accounts for approximately 1.8% of Basswood Capital Management L.L.C.’s holdings, making the stock its 16th biggest position. Basswood Capital Management L.L.C. owned about 0.18% of Synchrony Financial at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of SYF. Caisse de depot et placement du Quebec acquired a new position in Synchrony Financial in the second quarter valued at approximately $114,216,000. Odyssean LLC acquired a new stake in Synchrony Financial during the 2nd quarter worth $586,000. Man Group plc bought a new stake in shares of Synchrony Financial during the 2nd quarter valued at $153,997,000. Invst LLC bought a new stake in shares of Synchrony Financial during the 2nd quarter valued at $1,028,000. Finally, Jupiter Topco LLC bought a new stake in shares of Synchrony Financial during the 2nd quarter valued at $3,019,000. 96.48% of the stock is owned by institutional investors.

Synchrony Financial Trading Down 1.2%

Shares of NYSE SYF opened at $79.84 on Thursday. The company’s fifty day moving average is $76.49 and its 200-day moving average is $73.04. The stock has a market cap of $25.98 billion, a price-to-earnings ratio of 8.18, a P/E/G 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. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.08.

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

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 $0.34 dividend. The ex-dividend date of this dividend was Wednesday, August 5th. This is a positive change from Synchrony Financial’s previous quarterly dividend of $0.30. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. Synchrony Financial’s payout ratio is presently 13.93%.

Analyst Ratings Changes

SYF has been the topic of several recent research reports. Wells Fargo & Company reduced their price target on Synchrony Financial from $95.00 to $88.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Royal Bank Of Canada dropped their price objective on Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating for the company in a report on Wednesday, July 22nd. JPMorgan Chase & Co. cut their target price on Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating on the stock in a research note on Monday, July 13th. HSBC raised their target price on Synchrony Financial from $93.00 to $97.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Finally, Robert W. Baird boosted their target price on Synchrony Financial from $86.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Twelve investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $87.78.

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.