OMERS ADMINISTRATION Corp Acquires Shares of 20,718 Synchrony Financial $SYF

OMERS ADMINISTRATION Corp bought a new position in Synchrony Financial (NYSE:SYF) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 20,718 shares of the financial services provider’s stock, valued at approximately $1,576,000.

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on SYF shares. Wolfe Research upped their price target on Synchrony Financial from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday. Loop Capital started coverage on shares of Synchrony Financial in a report on Friday, May 22nd. They set a “hold” rating and a $81.00 target price on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Synchrony Financial in a research report on Friday, July 17th. Royal Bank Of Canada decreased their price target 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. Finally, UBS Group lifted their price target on shares of Synchrony Financial from $84.00 to $87.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Twelve investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.78.

Synchrony Financial Price Performance

SYF opened at $79.84 on Thursday. The stock has a 50-day moving average price of $76.49 and a 200-day moving average price of $73.04. 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 firm has a market cap of $25.98 billion, a PE ratio of 8.18, a P/E/G ratio of 0.74 and a beta of 1.32. Synchrony Financial has a 1 year low of $63.08 and a 1 year high of $88.77.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results 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 for 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 quarter in the previous year, the business posted $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Sell-side analysts predict that Synchrony Financial will post 9.39 earnings per share for the current fiscal year.

Synchrony Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Wednesday, August 5th were paid a $0.34 dividend. This is a boost from Synchrony Financial’s previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Wednesday, August 5th. Synchrony Financial’s payout ratio is currently 13.93%.

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.