Odyssean LLC Buys Shares of 7,705 Synchrony Financial $SYF

Odyssean LLC bought a new stake in Synchrony Financial (NYSE:SYF) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,705 shares of the financial services provider’s stock, valued at approximately $586,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new position in Synchrony Financial in the second quarter valued at approximately $2,349,452,000. State Street Corp boosted its holdings in shares of Synchrony Financial by 1.0% in the 3rd quarter. State Street Corp now owns 19,080,903 shares of the financial services provider’s stock valued at $1,355,698,000 after purchasing an additional 191,920 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Synchrony Financial by 34.6% in the 2nd quarter. Bank of America Corp DE now owns 13,595,381 shares of the financial services provider’s stock valued at $907,356,000 after purchasing an additional 3,494,741 shares in the last quarter. 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 purchasing 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 purchasing an additional 365,353 shares during the last quarter. Institutional investors own 96.48% of the company’s stock.

Wall Street Analysts Forecast Growth

SYF has been the subject of several recent analyst reports. Robert W. Baird upped their price objective on 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 reiterated a “buy (b-)” rating on shares of Synchrony Financial in a research report on Friday, July 17th. Loop Capital started coverage on Synchrony Financial in a research note on Friday, May 22nd. They set a “hold” rating and a $81.00 target price for the company. UBS Group increased their target price on shares of Synchrony Financial from $84.00 to $87.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Finally, Royal Bank Of Canada dropped their target price on shares of Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating for the company in a report on Wednesday, July 22nd. Twelve equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Synchrony Financial presently has an average rating of “Moderate Buy” and a consensus price target of $87.78.

Synchrony Financial Stock Down 1.2%

Shares of NYSE:SYF opened at $79.84 on Thursday. The company has a fifty day moving average of $76.49 and a 200-day moving average of $73.04. The company has a market capitalization of $25.98 billion, a PE ratio of 8.18, a price-to-earnings-growth ratio of 0.74 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 52-week low of $63.08 and a 52-week high of $88.77.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.45. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.72 billion. Synchrony Financial had a return on equity of 23.09% and a net margin of 15.44%.During the same quarter last year, the business posted $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. On average, equities analysts predict that Synchrony Financial will post 9.39 EPS for the current fiscal year.

Synchrony Financial Increases Dividend

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