Synchrony Financial $SYF Stock: Signal Advisors Wealth LLC Increases Stake

Signal Advisors Wealth LLC increased its holdings in shares of Synchrony Financial (NYSE:SYF) by 26.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,326 shares of the financial services provider’s stock after buying an additional 7,697 shares during the quarter. Signal Advisors Wealth LLC’s holdings in Synchrony Financial were worth $2,578,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. BlackRock Inc. bought a new position in Synchrony Financial in the second quarter valued at about $2,349,452,000. Bank of America Corp DE acquired a new position in Synchrony Financial during the second quarter worth about $1,122,961,000. Dimensional Fund Advisors LP raised its stake in Synchrony Financial by 6.4% during the first quarter. Dimensional Fund Advisors LP now owns 6,039,753 shares of the financial services provider’s stock worth $410,760,000 after acquiring an additional 365,353 shares in the last quarter. First Trust Advisors LP raised its stake in Synchrony Financial by 5.6% during the first quarter. First Trust Advisors LP now owns 5,338,110 shares of the financial services provider’s stock worth $363,098,000 after acquiring an additional 281,451 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of Synchrony Financial by 0.9% in the first quarter. Assetmark Inc. now owns 4,338,604 shares of the financial services provider’s stock worth $295,112,000 after acquiring an additional 37,114 shares during the last quarter. 96.48% of the stock is owned by institutional investors and hedge funds.

Synchrony Financial Trading Down 2.6%

NYSE SYF opened at $71.67 on Thursday. The firm has a market capitalization of $23.32 billion, a PE ratio of 7.34, a price-to-earnings-growth ratio of 0.63 and a beta of 1.35. The business’s 50-day moving average price is $76.15 and its two-hundred day moving average price is $74.44. 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 has a 12 month low of $63.08 and a 12 month high of $88.77.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.45. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.72 billion. Synchrony Financial had a return on equity of 23.09% and a net margin of 15.44%. During the same period last year, the company earned $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. On average, analysts expect that Synchrony Financial will post 9.40 EPS for the current year.

Synchrony Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Wednesday, August 5th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, August 5th. This represents a $1.36 dividend on an annualized basis and a yield of 1.9%. This is a boost from Synchrony Financial’s previous quarterly dividend of $0.30. Synchrony Financial’s payout ratio is currently 13.93%.

Analyst Ratings Changes

A number of research firms have recently commented on SYF. UBS Group dropped their target price on shares of Synchrony Financial from $87.00 to $81.00 and set a “neutral” rating for the company in a report on Monday, October 5th. TD Cowen decreased their price target on shares of Synchrony Financial from $90.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday, October 6th. JPMorgan Chase & Co. lowered their price objective on shares of Synchrony Financial from $78.00 to $74.00 and set a “neutral” rating for the company in a research report on Monday. Morgan Stanley lowered their price objective on shares of Synchrony Financial from $84.00 to $83.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Royal Bank Of Canada dropped their price objective on shares of Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 22nd. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Synchrony Financial presently has an average rating of “Moderate Buy” and a consensus price target of $87.25.

Synchrony Financial Company Profile

Synchrony Financial (NYSE: SYF) is a consumer financial services company that provides credit products and related services through partnerships with retailers, manufacturers, healthcare providers and other businesses. The company is best known for private-label credit cards and dual-use credit cards that allow consumers to finance purchases with participating brands.

Synchrony’s offerings also include promotional financing, installment loans and other consumer payment solutions. Its products support spending across areas such as retail, home improvement, consumer electronics, healthcare, automotive and lifestyle purchases.