Kingsview Wealth Management LLC Invests $725,000 in Synchrony Financial $SYF

Kingsview Wealth Management LLC bought a new stake in shares of Synchrony Financial (NYSE:SYF) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,539 shares of the financial services provider’s stock, valued at approximately $725,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SYF. World Investment Advisors boosted its holdings in Synchrony Financial by 0.6% in the first quarter. World Investment Advisors now owns 22,874 shares of the financial services provider’s stock valued at $1,556,000 after acquiring an additional 134 shares in the last quarter. Cullen Frost Bankers Inc. increased its position in Synchrony Financial by 7.3% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,995 shares of the financial services provider’s stock valued at $166,000 after purchasing an additional 135 shares during the period. Smartleaf Asset Management LLC raised its holdings in Synchrony Financial by 3.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 5,027 shares of the financial services provider’s stock worth $333,000 after purchasing an additional 149 shares in the last quarter. Legacy Financial Advisors Inc. raised its holdings in Synchrony Financial by 5.1% in the 4th quarter. Legacy Financial Advisors Inc. now owns 3,109 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 152 shares in the last quarter. Finally, WealthTrust Asset Management LLC lifted its position in shares of Synchrony Financial by 0.9% in the 1st quarter. WealthTrust Asset Management LLC now owns 17,452 shares of the financial services provider’s stock worth $1,187,000 after purchasing an additional 156 shares during the period. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial Stock Performance

Shares of SYF stock opened at $78.21 on Monday. The company’s fifty day moving average price is $76.64 and its 200-day moving average price is $73.11. The stock has a market cap of $25.45 billion, a PE ratio of 8.01, a price-to-earnings-growth ratio of 0.71 and a beta of 1.32. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.08. Synchrony Financial has a 12 month low of $63.08 and a 12 month high of $88.77.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.45. Synchrony Financial had a net margin of 15.44% and a return on equity of 23.09%. The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period last year, the business earned $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. On average, equities analysts expect that Synchrony Financial will post 9.38 EPS for the current fiscal 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 issued a dividend of $0.34 per share. The ex-dividend date was Wednesday, August 5th. This is a positive change from Synchrony Financial’s previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a dividend yield of 1.7%. Synchrony Financial’s dividend payout ratio (DPR) is 13.93%.

Analyst Upgrades and Downgrades

SYF has been the topic of a number of research reports. HSBC lifted their target price on shares of Synchrony Financial from $93.00 to $97.00 and gave the company a “buy” rating in a research note on Monday, July 13th. UBS Group increased their price target on shares of Synchrony Financial from $84.00 to $87.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of Synchrony Financial in a report on Friday, July 17th. TD Cowen lifted their price objective on Synchrony Financial from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Finally, Robert W. Baird upped their target price on Synchrony Financial from $86.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Twelve investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.