20,718 Shares in Synchrony Financial $SYF Purchased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp bought a new position in Synchrony Financial (NYSE:SYF) in the second quarter, HoldingsChannel reports. The fund bought 20,718 shares of the financial services provider’s stock, valued at approximately $1,576,000.

Several other hedge funds and other institutional investors have also bought and sold shares of SYF. NewEdge Advisors LLC boosted its holdings in shares of Synchrony Financial by 8.9% during the 1st quarter. NewEdge Advisors LLC now owns 8,302 shares of the financial services provider’s stock valued at $439,000 after acquiring an additional 679 shares during the last quarter. Woodline Partners LP raised its holdings in shares of Synchrony Financial by 36.2% during the first quarter. Woodline Partners LP now owns 35,582 shares of the financial services provider’s stock valued at $1,884,000 after purchasing an additional 9,460 shares during the last quarter. Focus Partners Wealth lifted its position in Synchrony Financial by 7.7% during the first quarter. Focus Partners Wealth now owns 6,406 shares of the financial services provider’s stock valued at $339,000 after purchasing an additional 459 shares during the period. Geneos Wealth Management Inc. lifted 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 valued at $31,000 after purchasing an additional 455 shares during the period. Finally, Sivia Capital Partners LLC boosted its holdings in Synchrony Financial by 56.1% in the second quarter. Sivia Capital Partners LLC now owns 6,062 shares of the financial services provider’s stock worth $405,000 after purchasing an additional 2,178 shares during the last quarter. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial Stock Down 1.2%

SYF opened at $79.84 on Thursday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.08. Synchrony Financial has a 1-year low of $63.08 and a 1-year high of $88.77. The company has a market capitalization of $25.98 billion, a PE ratio of 8.18, a PEG ratio of 0.74 and a beta of 1.32. The firm’s 50 day simple moving average is $76.49 and its two-hundred day simple moving average is $73.04.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data 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. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.72 billion. Synchrony Financial had a net margin of 15.44% and a return on equity of 23.09%. During the same quarter in the previous year, the firm posted $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, equities analysts forecast that Synchrony Financial will post 9.39 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 issued a dividend of $0.34 per share. This is a boost from Synchrony Financial’s previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, August 5th. Synchrony Financial’s dividend payout ratio is presently 13.93%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on SYF shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Synchrony Financial in a research report on Friday, July 17th. TD Cowen raised their price target on Synchrony Financial from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. cut their price objective on Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating for the company in a report on Monday, July 13th. Robert W. Baird upped their price objective on Synchrony Financial from $86.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Finally, Wells Fargo & Company lowered their target price on Synchrony Financial from $95.00 to $88.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Twelve research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $87.78.

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.