Synchrony Financial $SYF Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC trimmed its position in Synchrony Financial (NYSE:SYF) by 38.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,288,769 shares of the financial services provider’s stock after selling 818,356 shares during the quarter. Squarepoint Ops LLC’s holdings in Synchrony Financial were worth $98,011,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. World Investment Advisors grew its holdings in shares of Synchrony Financial by 0.6% during the 1st quarter. World Investment Advisors now owns 22,874 shares of the financial services provider’s stock worth $1,556,000 after purchasing an additional 134 shares during the period. Cullen Frost Bankers Inc. lifted its position in Synchrony Financial by 7.3% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,995 shares of the financial services provider’s stock valued at $166,000 after buying an additional 135 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Synchrony Financial by 3.1% during the second quarter. Smartleaf Asset Management LLC now owns 5,027 shares of the financial services provider’s stock valued at $333,000 after buying an additional 149 shares in the last quarter. Legacy Financial Advisors Inc. grew its stake in Synchrony Financial by 5.1% during the fourth quarter. Legacy Financial Advisors Inc. now owns 3,109 shares of the financial services provider’s stock worth $259,000 after buying an additional 152 shares during the period. Finally, WealthTrust Asset Management LLC grew its stake in Synchrony Financial by 0.9% during the first quarter. WealthTrust Asset Management LLC now owns 17,452 shares of the financial services provider’s stock worth $1,187,000 after buying an additional 156 shares during the period. 96.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SYF shares. JPMorgan Chase & Co. cut their target price on shares of Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating on the stock in a research note on Monday, July 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Synchrony Financial in a report on Friday, July 17th. Robert W. Baird raised their price objective on Synchrony Financial from $86.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Wolfe Research boosted 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, August 25th. Finally, TD Cowen upped their target price on Synchrony Financial from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Twelve equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $87.78.

Synchrony Financial Price Performance

Shares of SYF stock opened at $78.57 on Wednesday. The firm has a fifty day simple moving average of $76.88 and a 200-day simple moving average of $73.42. The company has a market capitalization of $25.56 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of 0.73 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 current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.08.

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, beating analysts’ consensus estimates 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 net margin of 15.44% and a return on equity of 23.09%. During the same period in the prior year, the company posted $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Equities research analysts anticipate that Synchrony Financial will post 9.37 earnings per share for the current fiscal year.

Synchrony Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Wednesday, August 5th were issued a $0.34 dividend. 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%.

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.