Basswood Capital Management L.L.C. Purchases Shares of 601,368 Synchrony Financial $SYF

Basswood Capital Management L.L.C. purchased a new stake in Synchrony Financial (NYSE:SYF) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 holding.

Several other large investors also recently made changes to their positions in the stock. NewEdge Advisors LLC raised its holdings in shares of Synchrony Financial by 8.9% during the first quarter. NewEdge Advisors LLC now owns 8,302 shares of the financial services provider’s stock worth $439,000 after acquiring an additional 679 shares during the period. Woodline Partners LP boosted its stake 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 worth $1,884,000 after purchasing an additional 9,460 shares during the period. Focus Partners Wealth boosted its stake 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 worth $339,000 after purchasing an additional 459 shares during the period. Geneos Wealth Management Inc. increased its holdings in Synchrony Financial by 337.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 455 shares in the last quarter. Finally, Sivia Capital Partners LLC increased its holdings in Synchrony Financial by 56.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 6,062 shares of the financial services provider’s stock worth $405,000 after purchasing an additional 2,178 shares in the last quarter. Institutional investors own 96.48% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on SYF shares. 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. JPMorgan Chase & Co. decreased their price objective on Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating for the company in a report on Monday, July 13th. Robert W. Baird lifted their target price on Synchrony Financial from $86.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. TD Cowen boosted their target price on Synchrony Financial from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Finally, UBS Group upped their price target on Synchrony Financial from $84.00 to $87.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Twelve equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $87.78.

Synchrony Financial Trading Down 1.2%

Synchrony Financial stock opened at $79.84 on Thursday. The firm has a 50-day moving average of $76.49 and a 200-day moving average of $73.04. Synchrony Financial has a one year low of $63.08 and a one year high of $88.77. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.22 and a quick ratio of 1.22. The company 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 (NYSE:SYF) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.45. The company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Synchrony Financial had a return on equity of 23.09% and a net margin of 15.44%.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, equities analysts expect that Synchrony Financial will post 9.39 earnings per share for the current fiscal year.

Synchrony Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Wednesday, August 5th were paid a $0.34 dividend. 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%. The ex-dividend date was Wednesday, August 5th. 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.