Meeder Asset Management Inc. Makes New $759,000 Investment in Synchrony Financial $SYF

Meeder Asset Management Inc. acquired a new position in shares of Synchrony Financial (NYSE:SYF) in the 2nd quarter, HoldingsChannel reports. The fund acquired 9,976 shares of the financial services provider’s stock, valued at approximately $759,000.

A number of other institutional investors also recently modified their holdings of the stock. FWL Investment Management LLC bought a new position in Synchrony Financial during the third quarter worth $26,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Synchrony Financial during the fourth quarter valued at about $29,000. Advisors Asset Management Inc. bought a new position in shares of Synchrony Financial during the 4th quarter worth about $29,000. Palisade Asset Management LLC acquired a new stake in shares of Synchrony Financial in the 3rd quarter valued at about $29,000. Finally, Reflection Asset Management bought a new stake in Synchrony Financial in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 96.48% of the company’s stock.

Wall Street Analyst Weigh In

SYF has been the topic of a number of research reports. Royal Bank Of Canada dropped their price target on Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Wednesday, July 22nd. Barclays boosted their price objective on Synchrony Financial from $82.00 to $93.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. JPMorgan Chase & Co. cut their target price on Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating on the stock in a report on Monday, July 13th. Wells Fargo & Company decreased 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. Finally, TD Cowen upped their price objective on shares of Synchrony Financial from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Twelve equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $87.89.

Synchrony Financial Stock Performance

Shares of SYF opened at $80.70 on Wednesday. The firm has a market capitalization of $26.26 billion, a P/E ratio of 8.27, a P/E/G ratio of 0.76 and a beta of 1.32. Synchrony Financial has a 52 week low of $63.08 and a 52 week high of $88.77. The stock has a 50 day moving average price of $75.75 and a two-hundred day moving average price of $72.80. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.22 and a current ratio of 1.22.

Synchrony Financial (NYSE:SYF) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.45. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates 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 company earned $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Equities analysts forecast that Synchrony Financial will post 9.37 earnings per share for the current fiscal year.

Synchrony Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Wednesday, August 5th were issued 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 1.7%. This is a positive change from Synchrony Financial’s previous quarterly dividend of $0.30. Synchrony Financial’s payout ratio is presently 13.93%.

Synchrony Financial declared that its Board of Directors has initiated a share repurchase plan on Tuesday, April 21st that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are 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.