Foster & Motley Inc. Buys New Holdings in Synchrony Financial $SYF

Foster & Motley Inc. acquired a new stake in shares of Synchrony Financial (NYSE:SYF) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 71,341 shares of the financial services provider’s stock, valued at approximately $5,425,000.

A number of other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Synchrony Financial during the 2nd quarter worth approximately $2,349,452,000. State Street Corp lifted its position in Synchrony Financial by 1.0% during the third quarter. State Street Corp now owns 19,080,903 shares of the financial services provider’s stock valued at $1,355,698,000 after purchasing an additional 191,920 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Synchrony Financial by 34.6% in the 2nd quarter. Bank of America Corp DE now owns 13,595,381 shares of the financial services provider’s stock worth $907,356,000 after buying an additional 3,494,741 shares in the last quarter. Morgan Stanley increased its holdings in shares of Synchrony Financial by 7.6% in the 4th quarter. Morgan Stanley now owns 6,230,111 shares of the financial services provider’s stock worth $519,778,000 after buying an additional 442,226 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Synchrony Financial by 6.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,039,753 shares of the financial services provider’s stock valued at $410,760,000 after acquiring an additional 365,353 shares during the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on SYF. Weiss Ratings restated a “buy (b-)” rating on shares of Synchrony Financial in a report on Friday, July 17th. Truist Financial lifted their price objective on shares of Synchrony Financial from $71.00 to $82.00 and gave the stock a “hold” rating in a research note on Thursday, April 23rd. Barclays boosted their price objective on shares of Synchrony Financial from $82.00 to $93.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. lowered their target price on shares of Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating for the company in a report on Monday, July 13th. Finally, Wells Fargo & Company dropped their price target on shares of Synchrony Financial from $95.00 to $88.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Twelve equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Synchrony Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.89.

Synchrony Financial Trading Down 0.1%

NYSE SYF opened at $80.70 on Wednesday. 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 firm has a market cap of $26.26 billion, a PE ratio of 8.27, a price-to-earnings-growth ratio of 0.76 and a beta of 1.32. The company has a 50 day moving average price of $75.75 and a 200 day moving average price of $72.80. Synchrony Financial has a 52 week low of $63.08 and a 52 week high of $88.77.

Synchrony Financial (NYSE:SYF) last released 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. Synchrony Financial had a net margin of 15.44% and a return on equity of 23.09%. The company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same period 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, sell-side analysts forecast that Synchrony Financial will post 9.37 EPS for the current fiscal year.

Synchrony Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Wednesday, August 5th were issued a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, August 5th. This is an increase from Synchrony Financial’s previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a yield of 1.7%. Synchrony Financial’s dividend payout ratio is 13.93%.

Synchrony Financial announced that its Board of Directors has initiated a share buyback program on Tuesday, April 21st that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

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.