2,752,202 Shares in Synchrony Financial $SYF Bought by Legal & General Group Plc

Legal & General Group Plc purchased a new stake in Synchrony Financial (NYSE:SYF) in the second quarter, HoldingsChannel.com reports. The fund purchased 2,752,202 shares of the financial services provider’s stock, valued at approximately $209,305,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Advisors Asset Management Inc. bought a new position in Synchrony Financial in the 4th quarter valued at about $29,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Synchrony Financial in the 4th quarter valued at approximately $29,000. FWL Investment Management LLC bought a new stake in shares of Synchrony Financial during the 3rd quarter worth approximately $26,000. Compass Financial Management LLC acquired a new stake in shares of Synchrony Financial during the 2nd quarter worth approximately $29,000. Finally, Reflection Asset Management acquired a new stake in shares of Synchrony Financial during the 4th quarter worth approximately $31,000. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial Stock Down 1.2%

Shares of SYF opened at $79.84 on Thursday. Synchrony Financial has a 52 week low of $63.08 and a 52 week high of $88.77. The stock has a market capitalization of $25.98 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 0.74 and a beta of 1.32. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a fifty day moving average of $76.49 and a 200-day moving average of $73.04.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.45. The company had revenue of $3.72 billion for 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 quarter last year, the business posted $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, sell-side analysts anticipate that Synchrony Financial will post 9.39 earnings per share for the current fiscal year.

Synchrony Financial Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Synchrony Financial from $95.00 to $88.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Robert W. Baird raised 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. UBS Group lifted their price target on Synchrony Financial from $84.00 to $87.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Royal Bank Of Canada lowered 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 upped their price objective 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 analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $87.78.

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.