7,929 Shares in Synchrony Financial $SYF Acquired by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of Synchrony Financial (NYSE:SYF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,929 shares of the financial services provider’s stock, valued at approximately $603,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. KTF Investments LLC purchased a new stake in shares of Synchrony Financial in the fourth quarter valued at about $3,923,000. Assenagon Asset Management S.A. boosted its stake in shares of Synchrony Financial by 959.4% during the first quarter. Assenagon Asset Management S.A. now owns 545,880 shares of the financial services provider’s stock worth $37,131,000 after buying an additional 494,354 shares during the period. Jefferies Financial Group Inc. grew its holdings in shares of Synchrony Financial by 701.9% during the fourth quarter. Jefferies Financial Group Inc. now owns 120,996 shares of the financial services provider’s stock worth $10,095,000 after buying an additional 105,907 shares during the last quarter. Forsta AP Fonden grew its holdings in shares of Synchrony Financial by 7.7% during the fourth quarter. Forsta AP Fonden now owns 228,900 shares of the financial services provider’s stock worth $19,097,000 after buying an additional 16,400 shares during the last quarter. Finally, Arbejdsmarkedets Tillaegspension increased its position in Synchrony Financial by 31.2% in the 1st quarter. Arbejdsmarkedets Tillaegspension now owns 376,640 shares of the financial services provider’s stock valued at $25,619,000 after acquiring an additional 89,528 shares during the period. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Synchrony Financial Price Performance

Shares of NYSE:SYF opened at $80.82 on Wednesday. Synchrony Financial has a 52 week low of $63.08 and a 52 week high of $88.77. The company has a 50-day moving average price of $76.38 and a 200 day moving average price of $73.00. The company has a market cap of $26.30 billion, a P/E ratio of 8.28, a PEG ratio of 0.73 and a beta of 1.32. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.08.

Synchrony Financial (NYSE:SYF) last released its earnings results on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 23.09% and a net margin of 15.44%.During the same quarter in the previous year, the firm posted $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Research analysts predict that Synchrony Financial will post 9.39 earnings per share for the current year.

Synchrony Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors 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. 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 is currently 13.93%.

Wall Street Analyst Weigh In

Several research firms have commented on SYF. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Synchrony Financial in a research note on Friday, July 17th. JPMorgan Chase & Co. lowered their target price on Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating on the stock in a research note on Monday, July 13th. Robert W. Baird boosted their target price on Synchrony Financial from $86.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Royal Bank Of Canada decreased their price target on Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating for the company in a report on Wednesday, July 22nd. Finally, TD Cowen lifted their price objective on shares of Synchrony Financial from $89.00 to $90.00 and gave the company 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 issued a Hold rating to the company. Based on data from MarketBeat, Synchrony Financial has a consensus rating of “Moderate Buy” and an average target price of $87.78.

Synchrony Financial Profile

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.