National Pension Service Purchases 65,124 Shares of Synchrony Financial $SYF

National Pension Service raised its holdings in shares of Synchrony Financial (NYSE:SYF) by 6.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,094,717 shares of the financial services provider’s stock after purchasing an additional 65,124 shares during the period. National Pension Service’s holdings in Synchrony Financial were worth $83,253,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of SYF. FWL Investment Management LLC bought a new stake in shares of Synchrony Financial during the third quarter worth approximately $26,000. Fideuram Asset Management Ireland dac acquired a new position in Synchrony Financial in the fourth quarter valued at approximately $29,000. Compass Financial Management LLC bought a new position in Synchrony Financial in the second quarter valued at approximately $29,000. Advisors Asset Management Inc. bought a new position in Synchrony Financial in the fourth quarter valued at approximately $29,000. Finally, Palisade Asset Management LLC acquired a new stake in Synchrony Financial during the 3rd quarter worth $29,000. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial Stock Performance

Shares of Synchrony Financial stock opened at $76.00 on Friday. The firm has a market cap of $24.73 billion, a price-to-earnings ratio of 7.79, a price-to-earnings-growth ratio of 0.69 and a beta of 1.32. The stock’s 50-day moving average is $76.88 and its 200-day moving average is $73.49. Synchrony Financial has a one year low of $63.08 and a one year high of $88.77. 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 posted 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 business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period last year, the company earned $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Equities analysts predict that Synchrony Financial will post 9.37 earnings per share for the current fiscal year.

Synchrony Financial Increases Dividend

The firm also recently declared 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 of this dividend was Wednesday, August 5th. This represents a $1.36 annualized dividend and a dividend yield of 1.8%. This is an increase from Synchrony Financial’s previous quarterly dividend of $0.30. Synchrony Financial’s dividend payout ratio (DPR) is 13.93%.

Wall Street Analyst Weigh In

SYF has been the subject of a number of analyst reports. Royal Bank Of Canada decreased their price objective on Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 22nd. Robert W. Baird raised 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. JPMorgan Chase & Co. decreased their target price on Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating for the company in a research report on Monday, July 13th. HSBC upped their price objective on shares of Synchrony Financial from $93.00 to $97.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Finally, Loop Capital started coverage on Synchrony Financial in a report on Friday, May 22nd. They set a “hold” rating and a $81.00 target price on the stock. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $88.24.

Synchrony Financial Profile

Synchrony Financial (NYSE: SYF) is a consumer financial services company that provides credit products and financing programs through partnerships with retailers, manufacturers, healthcare providers and other businesses. Its offerings are designed to help consumers finance purchases and manage spending across a range of industries.

The company’s products include private-label and co-branded credit cards, promotional financing, installment loans and other consumer payment solutions. Synchrony also provides deposit products and other banking services through Synchrony Bank, including savings accounts, certificates of deposit and money market accounts.

Synchrony primarily serves consumers and business partners in the United States, including customers in retail, home, automotive, healthcare, specialty and other markets.