Korea Investment CORP Takes Position in Synchrony Financial $SYF

Korea Investment CORP purchased a new position in Synchrony Financial (NYSE:SYF) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 300,756 shares of the financial services provider’s stock, valued at approximately $22,872,000.

A number of other large investors have also modified their holdings of the business. World Investment Advisors grew its position in Synchrony Financial by 0.6% during the 1st quarter. World Investment Advisors now owns 22,874 shares of the financial services provider’s stock worth $1,556,000 after purchasing an additional 134 shares during the last quarter. Cullen Frost Bankers Inc. boosted its holdings in Synchrony Financial by 7.3% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,995 shares of the financial services provider’s stock valued at $166,000 after purchasing an additional 135 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Synchrony Financial by 3.1% during the 2nd quarter. Smartleaf Asset Management LLC now owns 5,027 shares of the financial services provider’s stock worth $333,000 after purchasing an additional 149 shares during the period. Legacy Financial Advisors Inc. grew its position in Synchrony Financial by 5.1% during the 4th quarter. Legacy Financial Advisors Inc. now owns 3,109 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 152 shares during the period. Finally, WealthTrust Asset Management LLC grew its holdings in Synchrony Financial by 0.9% during the first quarter. WealthTrust Asset Management LLC now owns 17,452 shares of the financial services provider’s stock worth $1,187,000 after acquiring an additional 156 shares during the period. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SYF. Robert W. Baird boosted their target price on shares of Synchrony Financial from $86.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Royal Bank Of Canada dropped their target price on Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 22nd. Wells Fargo & Company cut their price target on Synchrony Financial from $95.00 to $88.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. TD Cowen increased their price target on Synchrony Financial from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Synchrony Financial in a research report on Friday, July 17th. Twelve equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $87.89.

Synchrony Financial Stock Up 0.1%

Shares of NYSE SYF opened at $79.53 on Monday. The company’s 50-day simple moving average is $76.16 and its 200-day simple moving average is $72.92. Synchrony Financial has a 52-week low of $63.08 and a 52-week high of $88.77. The firm has a market cap of $25.88 billion, a price-to-earnings ratio of 8.15, a price-to-earnings-growth ratio of 0.73 and a beta of 1.32. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.08.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.45. Synchrony Financial had a net margin of 15.44% and a return on equity of 23.09%. The firm 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 earned $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Equities analysts predict that Synchrony Financial will post 9.37 EPS for the current fiscal year.

Synchrony Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Wednesday, August 5th were paid a dividend of $0.34 per share. This is an increase from Synchrony Financial’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, August 5th. This represents a $1.36 annualized dividend and a yield of 1.7%. Synchrony Financial’s dividend payout ratio (DPR) is presently 13.93%.

Synchrony Financial Profile

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.