Nykredit A S Buys Shares of 113,162 Synchrony Financial $SYF

Nykredit A S purchased a new position in shares of Synchrony Financial (NYSE:SYF) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 113,162 shares of the financial services provider’s stock, valued at approximately $8,606,000.

Several other institutional investors have also recently made changes to their positions in SYF. BlackRock Inc. acquired a new stake in Synchrony Financial during the second quarter worth $2,349,452,000. State Street Corp lifted its stake in shares of Synchrony Financial by 1.0% in the 3rd quarter. State Street Corp now owns 19,080,903 shares of the financial services provider’s stock valued at $1,355,698,000 after purchasing an additional 191,920 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of Synchrony Financial during the 2nd quarter worth $1,122,961,000. Morgan Stanley grew its holdings in shares of Synchrony Financial by 7.6% during the 4th quarter. Morgan Stanley now owns 6,230,111 shares of the financial services provider’s stock worth $519,778,000 after purchasing an additional 442,226 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Synchrony Financial by 6.4% during the 1st 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 during the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Synchrony Financial Stock Performance

Shares of Synchrony Financial stock opened at $79.93 on Friday. The stock has a market capitalization of $26.01 billion, a price-to-earnings ratio of 8.19, a price-to-earnings-growth ratio of 0.73 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. The business has a 50-day moving average of $76.80 and a 200 day moving average of $73.31. 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 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 net margin of 15.44% and a return on equity of 23.09%. During the same period in the prior year, the firm earned $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, sell-side analysts forecast that Synchrony Financial will post 9.37 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. Investors of record on Wednesday, August 5th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, August 5th. This is an increase from Synchrony Financial’s previous quarterly dividend of $0.30. Synchrony Financial’s payout ratio is currently 13.93%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SYF shares. Wells Fargo & Company reduced their price objective on shares of Synchrony Financial from $95.00 to $88.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Robert W. Baird lifted 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. 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 note on Tuesday, July 7th. Royal Bank Of Canada decreased their price objective on shares of Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 22nd. Finally, Loop Capital started coverage on shares of Synchrony Financial in a research report on Friday, May 22nd. They set a “hold” rating and a $81.00 price objective for the company. 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.