Evolve Private Wealth LLC Acquires New Stake in Synchrony Financial $SYF

Evolve Private Wealth LLC bought a new position in Synchrony Financial (NYSE:SYF) in the second quarter, Holdings Channel reports. The firm bought 74,730 shares of the financial services provider’s stock, valued at approximately $5,683,000.

Other hedge funds have also recently made changes to their positions in the company. Advisors Asset Management Inc. bought a new position in shares of Synchrony Financial during the 4th quarter worth $29,000. Fideuram Asset Management Ireland dac purchased a new stake in Synchrony Financial during the fourth quarter valued at about $29,000. FWL Investment Management LLC purchased a new stake in Synchrony Financial during the third quarter valued at about $26,000. Reflection Asset Management bought a new position in Synchrony Financial during the fourth quarter worth about $31,000. Finally, Palisade Asset Management LLC purchased a new stake in shares of Synchrony Financial during the 3rd quarter valued at approximately $29,000. 96.48% of the stock is currently owned by institutional investors.

Synchrony Financial Stock Performance

NYSE:SYF opened at $79.53 on Friday. The company has a market capitalization of $25.88 billion, a price-to-earnings ratio of 8.15, a PEG ratio of 0.73 and a beta of 1.32. The business has a 50 day moving average of $76.16 and a 200 day moving average of $72.92. 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 earnings results on Tuesday, July 21st. The financial services provider reported $2.59 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.45. The company 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 quarter last year, the company earned $2.50 EPS. 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. Stockholders of record on Wednesday, August 5th were issued a dividend of $0.34 per share. This is a boost from Synchrony Financial’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, August 5th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.7%. Synchrony Financial’s dividend payout ratio (DPR) is presently 13.93%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SYF shares. JPMorgan Chase & Co. cut their price target on Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating for the company in a report on Monday, July 13th. TD Cowen raised their target price on Synchrony Financial from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. UBS Group lifted their target price on Synchrony Financial from $84.00 to $87.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Synchrony Financial in a report on Friday, July 17th. Finally, Loop Capital started coverage on shares of Synchrony Financial in a research note on Friday, May 22nd. They issued a “hold” rating and a $81.00 target price on the stock. Twelve equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Synchrony Financial presently has a consensus rating of “Moderate Buy” and an average target price of $87.89.

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.