Legal & General Group Plc Acquires Shares of 2,752,202 Synchrony Financial $SYF

Legal & General Group Plc bought a new position in Synchrony Financial (NYSE:SYF) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,752,202 shares of the financial services provider’s stock, valued at approximately $209,305,000. Legal & General Group Plc owned about 0.85% of Synchrony Financial at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. NewEdge Advisors LLC raised its position in Synchrony Financial by 8.9% in the 1st quarter. NewEdge Advisors LLC now owns 8,302 shares of the financial services provider’s stock worth $439,000 after purchasing an additional 679 shares during the last quarter. Woodline Partners LP boosted its position in Synchrony Financial by 36.2% in the 1st quarter. Woodline Partners LP now owns 35,582 shares of the financial services provider’s stock valued at $1,884,000 after buying an additional 9,460 shares during the last quarter. Focus Partners Wealth boosted its position in Synchrony Financial by 7.7% in the 1st quarter. Focus Partners Wealth now owns 6,406 shares of the financial services provider’s stock valued at $339,000 after buying an additional 459 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Synchrony Financial by 337.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider’s stock valued at $31,000 after buying an additional 455 shares during the last quarter. Finally, Sivia Capital Partners LLC increased its stake in shares of Synchrony Financial by 56.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 6,062 shares of the financial services provider’s stock valued at $405,000 after buying an additional 2,178 shares during the period. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SYF has been the topic of a number of research reports. Royal Bank Of Canada cut their target price on shares of Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 22nd. TD Cowen lifted their target price on Synchrony Financial from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. UBS Group lifted their price target on shares of Synchrony Financial from $84.00 to $87.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. HSBC boosted their price target on Synchrony Financial from $93.00 to $97.00 and gave the company a “buy” rating in a report on Monday, July 13th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Synchrony Financial in a report on Friday, July 17th. Twelve equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $87.78.

Synchrony Financial Trading Down 1.2%

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 has a 50 day moving average of $76.49 and a 200-day moving average of $73.04. Synchrony Financial has a 12-month low of $63.08 and a 12-month high of $88.77. The stock has a market cap of $25.98 billion, a PE ratio of 8.18, a P/E/G ratio of 0.74 and a beta of 1.32.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $3.72 billion. During the same quarter last year, the business earned $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, equities research analysts forecast that Synchrony Financial will post 9.39 earnings per share for the current year.

Synchrony Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Wednesday, August 5th were given a dividend of $0.34 per share. This is an increase 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%. The ex-dividend date of this dividend was Wednesday, August 5th. Synchrony Financial’s dividend payout ratio (DPR) is currently 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.