1,501,852 Shares in Synchrony Financial $SYF Bought by Caisse de depot et placement du Quebec

Caisse de depot et placement du Quebec purchased a new stake in Synchrony Financial (NYSE:SYF) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,501,852 shares of the financial services provider’s stock, valued at approximately $114,216,000.

A number of other institutional investors also recently modified their holdings of SYF. FWL Investment Management LLC acquired a new position in shares of Synchrony Financial during the third quarter worth about $26,000. Fideuram Asset Management Ireland dac acquired a new stake in Synchrony Financial in the 4th quarter valued at approximately $29,000. Compass Financial Management LLC acquired a new stake in Synchrony Financial in the 2nd quarter valued at approximately $29,000. Advisors Asset Management Inc. bought a new stake in Synchrony Financial in the 4th quarter valued at approximately $29,000. Finally, Palisade Asset Management LLC bought a new stake in Synchrony Financial in the 3rd quarter valued at approximately $29,000. 96.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SYF shares. Loop Capital started coverage on Synchrony Financial in a research report on Friday, May 22nd. They set a “hold” rating and a $81.00 price target for the company. HSBC lifted their price objective on shares of Synchrony Financial from $93.00 to $97.00 and gave the company a “buy” rating in a report on Monday, July 13th. TD Cowen increased their target price 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. Wolfe Research increased their target price on shares of Synchrony Financial from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. decreased their target price on shares of Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating for the company in a research report on Monday, July 13th. Twelve analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $87.78.

Synchrony Financial Stock Performance

Shares of NYSE SYF opened at $79.84 on Thursday. 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 50 day moving average price of $76.49 and a 200 day moving average price of $73.04. The stock has a market capitalization of $25.98 billion, a PE ratio of 8.18, a price-to-earnings-growth ratio of 0.74 and a beta of 1.32. Synchrony Financial has a 52 week low of $63.08 and a 52 week high of $88.77.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data 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. Synchrony Financial had a return on equity of 23.09% and a net margin of 15.44%.The company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the prior year, the business posted $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. 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 disclosed 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 was Wednesday, August 5th. This represents a $1.36 annualized dividend and a dividend yield of 1.7%. This is a boost from Synchrony Financial’s previous quarterly dividend of $0.30. Synchrony Financial’s dividend payout ratio (DPR) is presently 13.93%.

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.