Corient Private Wealth LP Takes Position in Synchrony Financial $SYF

Corient Private Wealth LP purchased a new position in Synchrony Financial (NYSE:SYF) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 196,888 shares of the financial services provider’s stock, valued at approximately $13,848,000.

A number of other institutional investors have also made changes to their positions in the stock. BlackRock Inc. acquired a new position in Synchrony Financial in the second quarter valued at about $2,349,452,000. State Street Corp grew its position in shares of Synchrony Financial by 1.0% during the 3rd quarter. State Street Corp now owns 19,080,903 shares of the financial services provider’s stock worth $1,355,698,000 after buying an additional 191,920 shares during the period. Bank of America Corp DE acquired a new position in shares of Synchrony Financial during the 2nd quarter worth about $1,122,961,000. Morgan Stanley increased its stake in shares of Synchrony Financial by 7.6% in the 4th quarter. Morgan Stanley now owns 6,230,111 shares of the financial services provider’s stock valued at $519,778,000 after acquiring an additional 442,226 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Synchrony Financial by 6.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,039,753 shares of the financial services provider’s stock valued at $410,760,000 after acquiring an additional 365,353 shares during the last quarter. 96.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on SYF shares. Robert W. Baird lifted their price objective on shares of Synchrony Financial from $86.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. lowered their target price on shares of Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating for the company in a research note on Monday, July 13th. Wells Fargo & Company cut their target price 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. UBS Group lifted their price target on shares of Synchrony Financial from $84.00 to $87.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Finally, Wolfe Research boosted their price target on shares of Synchrony Financial from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, August 25th. Twelve equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Synchrony Financial currently has an average rating of “Moderate Buy” and an average price target of $87.78.

Synchrony Financial Trading Down 2.2%

NYSE:SYF opened at $78.21 on Friday. Synchrony Financial has a fifty-two week low of $63.08 and a fifty-two week 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. The stock has a market capitalization of $25.45 billion, a PE ratio of 8.01, a price-to-earnings-growth ratio of 0.71 and a beta of 1.32. The business’s 50-day simple moving average is $76.64 and its 200-day simple moving average is $73.11.

Synchrony Financial (NYSE:SYF) last posted its 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 business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Synchrony Financial had a return on equity of 23.09% and a net margin of 15.44%.During the same period in the prior year, the business earned $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Sell-side analysts expect that Synchrony Financial will post 9.38 earnings per share for the current fiscal year.

Synchrony Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Wednesday, August 5th were given a dividend of $0.34 per share. 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%. The ex-dividend date of this dividend was Wednesday, August 5th. Synchrony Financial’s payout ratio is currently 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.