Public Employees Retirement System of Ohio Takes $19.66 Million Position in Synchrony Financial $SYF

Public Employees Retirement System of Ohio purchased a new stake in shares of Synchrony Financial (NYSE:SYF) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 258,490 shares of the financial services provider’s stock, valued at approximately $19,658,000. Public Employees Retirement System of Ohio owned 0.08% of Synchrony Financial as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Synchrony Financial in the second quarter valued at approximately $2,349,452,000. State Street Corp lifted its stake in Synchrony Financial by 1.0% during the third quarter. State Street Corp now owns 19,080,903 shares of the financial services provider’s stock worth $1,355,698,000 after purchasing an additional 191,920 shares during the last quarter. Bank of America Corp DE acquired a new position in Synchrony Financial in the second quarter valued at approximately $1,122,961,000. Morgan Stanley increased its stake in Synchrony Financial by 7.6% in the fourth quarter. Morgan Stanley now owns 6,230,111 shares of the financial services provider’s stock valued at $519,778,000 after purchasing an additional 442,226 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Synchrony Financial by 6.4% during the first quarter. Dimensional Fund Advisors LP now owns 6,039,753 shares of the financial services provider’s stock worth $410,760,000 after purchasing an additional 365,353 shares in the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Synchrony Financial Stock Down 2.2%

Shares of Synchrony Financial stock opened at $78.21 on Friday. Synchrony Financial has a one year low of $63.08 and a one year high of $88.77. The company has a market cap of $25.45 billion, a P/E ratio of 8.01, a PEG ratio of 0.71 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 firm has a fifty day moving average of $76.64 and a two-hundred day moving average of $73.11.

Synchrony Financial (NYSE:SYF) last issued its earnings results 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 business had revenue of $3.72 billion for the quarter, compared to the consensus estimate 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 firm earned $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. On average, analysts forecast that Synchrony Financial will post 9.38 earnings per share for the current year.

Synchrony Financial Increases Dividend

The firm also recently announced 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. This is a positive change from Synchrony Financial’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, August 5th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.7%. Synchrony Financial’s dividend payout ratio (DPR) is currently 13.93%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SYF. JPMorgan Chase & Co. lowered their target price on shares of Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating for the company in a report on Monday, July 13th. TD Cowen boosted their price target 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. Robert W. Baird upped their price objective on shares of Synchrony Financial from $86.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Synchrony Financial in a report on Friday, July 17th. Finally, Wolfe Research lifted their price target on Synchrony Financial from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. Twelve analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Synchrony Financial currently 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.