Meiji Yasuda Asset Management Co Ltd. Acquires New Position in Synchrony Financial $SYF

Meiji Yasuda Asset Management Co Ltd. acquired a new position in shares of Synchrony Financial (NYSE:SYF) during the second quarter, HoldingsChannel reports. The fund acquired 7,929 shares of the financial services provider’s stock, valued at approximately $603,000.

A number of other hedge funds also recently added to or reduced their stakes in SYF. Matters Capital LLC acquired a new stake in shares of Synchrony Financial during the 2nd quarter valued at approximately $214,000. Bank of Nova Scotia acquired a new stake in shares of Synchrony Financial in the 2nd quarter worth approximately $2,282,000. Compass Financial Management LLC acquired a new stake in shares of Synchrony Financial in the 2nd quarter worth approximately $29,000. Elevation Point Wealth Partners LLC purchased a new position in Synchrony Financial in the 2nd quarter valued at approximately $1,089,000. Finally, Daiichi Life Insurance Co. Ltd. purchased a new position in Synchrony Financial in the 2nd quarter valued at approximately $639,000. 96.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on SYF. Wells Fargo & Company decreased their target price on Synchrony Financial from $95.00 to $88.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. HSBC raised their price target on Synchrony Financial from $93.00 to $97.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Synchrony Financial in a research note on Friday, July 17th. JPMorgan Chase & Co. lowered their price objective on shares of Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating on the stock in a research note on Monday, July 13th. Finally, UBS Group raised their target price on shares of Synchrony Financial from $84.00 to $87.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Twelve analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Synchrony Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.78.

Synchrony Financial Price Performance

Shares of NYSE:SYF opened at $80.82 on Wednesday. The business’s fifty day moving average price is $76.38 and its two-hundred day moving average price is $73.00. The stock has a market cap of $26.30 billion, a PE ratio of 8.28, a price-to-earnings-growth ratio of 0.73 and a beta of 1.32. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.22 and a current ratio of 1.22. Synchrony Financial has a one year low of $63.08 and a one year high of $88.77.

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 return on equity of 23.09% and a net margin of 15.44%.The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter last year, the business posted $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. On average, analysts forecast that Synchrony Financial will post 9.39 EPS for the current fiscal year.

Synchrony Financial Increases Dividend

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

Synchrony Financial Company 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.