Simplicity Wealth LLC Makes New Investment in Synchrony Financial $SYF

Simplicity Wealth LLC purchased a new position in shares of Synchrony Financial (NYSE:SYF) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,823 shares of the financial services provider’s stock, valued at approximately $747,000.

Other large investors also recently modified their holdings of the company. NewEdge Advisors LLC increased its holdings in Synchrony Financial by 8.9% in the 1st quarter. NewEdge Advisors LLC now owns 8,302 shares of the financial services provider’s stock worth $439,000 after purchasing an additional 679 shares in the last quarter. Woodline Partners LP boosted its stake in shares of Synchrony Financial by 36.2% during the first quarter. Woodline Partners LP now owns 35,582 shares of the financial services provider’s stock valued at $1,884,000 after purchasing an additional 9,460 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of Synchrony Financial by 7.7% during the first quarter. Focus Partners Wealth now owns 6,406 shares of the financial services provider’s stock valued at $339,000 after purchasing an additional 459 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Synchrony Financial by 337.0% during the first quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 455 shares during the last quarter. Finally, Sivia Capital Partners LLC increased its stake in shares of Synchrony Financial by 56.1% in the second quarter. Sivia Capital Partners LLC now owns 6,062 shares of the financial services provider’s stock valued at $405,000 after buying an additional 2,178 shares during the period. 96.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SYF. BTIG Research lowered shares of Synchrony Financial from a “buy” rating to a “neutral” rating in a report on Wednesday, April 22nd. UBS Group boosted their target price on shares of Synchrony Financial from $84.00 to $87.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Robert W. Baird upped their price target on shares of Synchrony Financial from $86.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. HSBC raised their price target 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. Finally, Loop Capital initiated coverage on Synchrony Financial in a report on Friday, May 22nd. They issued a “hold” rating and a $81.00 price objective for the company. Twelve analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Synchrony Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.89.

Synchrony Financial Stock Performance

Shares of SYF stock opened at $80.73 on Tuesday. The business’s 50 day simple moving average is $75.58 and its 200 day simple moving average is $72.75. Synchrony Financial has a one year low of $63.08 and a one year high of $88.77. The stock has a market capitalization of $26.27 billion, a PE ratio of 8.27, a PEG ratio of 0.76 and a beta of 1.32. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.22 and a quick ratio of 1.22.

Synchrony Financial (NYSE:SYF) last released 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. Synchrony Financial had a net margin of 15.44% and a return on equity of 23.09%. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the prior year, the firm posted $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, research analysts forecast that Synchrony Financial will post 9.37 earnings per share for the current 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 given a dividend of $0.34 per share. 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. The ex-dividend date was Wednesday, August 5th. Synchrony Financial’s dividend payout ratio is currently 13.93%.

Synchrony Financial declared that its board has initiated a stock repurchase plan on Tuesday, April 21st that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership 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.