Synchrony Financial $SYF Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC reduced its stake in Synchrony Financial (NYSE:SYF) by 13.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,765,813 shares of the financial services provider’s stock after selling 267,289 shares during the period. Hsbc Holdings PLC’s holdings in Synchrony Financial were worth $134,409,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SYF. FWL Investment Management LLC acquired a new position in shares of Synchrony Financial during the third quarter worth $26,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Synchrony Financial during the 4th quarter worth about $29,000. Compass Financial Management LLC acquired a new position in shares of Synchrony Financial during the 2nd quarter worth about $29,000. Advisors Asset Management Inc. purchased a new position in shares of Synchrony Financial in the 4th quarter valued at about $29,000. Finally, Palisade Asset Management LLC acquired a new stake in shares of Synchrony Financial during the 3rd quarter worth about $29,000. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SYF shares. HSBC boosted their target price on Synchrony Financial from $93.00 to $97.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Wolfe Research upped their target price on shares of Synchrony Financial from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday. Weiss Ratings reissued a “buy (b-)” rating on shares of Synchrony Financial in a research report on Friday, July 17th. Royal Bank Of Canada dropped their price objective on 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 Synchrony Financial in a report on Friday, May 22nd. They issued a “hold” rating and a $81.00 target price for the company. Twelve research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $87.78.

Synchrony Financial Stock Up 1.0%

SYF opened at $80.82 on Wednesday. Synchrony Financial has a 52 week low of $63.08 and a 52 week high of $88.77. The business has a 50 day moving average price of $76.38 and a two-hundred day moving average price of $73.00. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.08. The company has a market cap of $26.30 billion, a PE ratio of 8.28, a P/E/G ratio of 0.73 and a beta of 1.32.

Synchrony Financial (NYSE:SYF) last released its earnings results on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the previous year, the company posted $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, research analysts anticipate that Synchrony Financial will post 9.39 EPS for the current year.

Synchrony Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Wednesday, August 5th were issued a $0.34 dividend. The ex-dividend date of this dividend 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 payout ratio is presently 13.93%.

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.