Danske Bank A S Makes New Investment in Synchrony Financial $SYF

Danske Bank A S acquired a new position in shares of Synchrony Financial (NYSE:SYF) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 215,617 shares of the financial services provider’s stock, valued at approximately $16,398,000. Danske Bank A S owned 0.07% of Synchrony Financial at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its holdings in Synchrony Financial by 8.9% in the first quarter. NewEdge Advisors LLC now owns 8,302 shares of the financial services provider’s stock valued at $439,000 after purchasing an additional 679 shares during the period. Woodline Partners LP grew its stake in Synchrony Financial by 36.2% in the 1st quarter. Woodline Partners LP now owns 35,582 shares of the financial services provider’s stock valued at $1,884,000 after acquiring an additional 9,460 shares during the period. Focus Partners Wealth increased its holdings in Synchrony Financial by 7.7% in the 1st quarter. Focus Partners Wealth now owns 6,406 shares of the financial services provider’s stock worth $339,000 after acquiring an additional 459 shares in the last quarter. Geneos Wealth Management Inc. raised its position in 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 acquiring an additional 455 shares during the period. Finally, Sivia Capital Partners LLC lifted its holdings in Synchrony Financial by 56.1% during the second quarter. Sivia Capital Partners LLC now owns 6,062 shares of the financial services provider’s stock valued at $405,000 after purchasing an additional 2,178 shares in the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Wall Street Analyst Weigh In

SYF has been the subject of several research analyst reports. Robert W. Baird upped their price target on shares of Synchrony Financial from $86.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Synchrony Financial in a report on Friday, July 17th. Truist Financial raised their target price on Synchrony Financial from $71.00 to $82.00 and gave the company a “hold” rating in a research report on Thursday, April 23rd. Loop Capital began coverage on Synchrony Financial in a research report on Friday, May 22nd. They set a “hold” rating and a $81.00 price target for the company. Finally, UBS Group increased their price objective on Synchrony Financial from $84.00 to $87.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Twelve analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $87.89.

Synchrony Financial Trading Down 3.6%

SYF opened at $76.76 on Friday. The business’s 50 day moving average price is $76.03 and its 200 day moving average price is $72.88. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $24.98 billion, a PE ratio of 7.86, a P/E/G ratio of 0.73 and a beta of 1.32. Synchrony Financial has a one year low of $63.08 and a one year high of $88.77.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.59 EPS for the quarter, beating the consensus estimate 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 prior year, the company posted $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, equities research analysts expect that Synchrony Financial will post 9.37 EPS for the current year.

Synchrony Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Wednesday, August 5th were given a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, August 5th. This represents a $1.36 dividend on an annualized basis and a yield of 1.8%. This is an increase from Synchrony Financial’s previous quarterly dividend of $0.30. Synchrony Financial’s dividend payout ratio is 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.