Saudi Central Bank Purchases 11,038 Shares of Synchrony Financial $SYF

Saudi Central Bank boosted its position in Synchrony Financial (NYSE:SYF) by 83.0% in the second quarter, Holdings Channel.com reports. The firm owned 24,332 shares of the financial services provider’s stock after purchasing an additional 11,038 shares during the quarter. Saudi Central Bank’s holdings in Synchrony Financial were worth $1,850,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SYF. FWL Investment Management LLC bought a new stake in shares of Synchrony Financial during the third quarter worth about $26,000. Fideuram Asset Management Ireland dac acquired a new stake in Synchrony Financial during the 4th quarter worth approximately $29,000. Compass Financial Management LLC acquired a new stake in Synchrony Financial during the 2nd quarter worth approximately $29,000. Advisors Asset Management Inc. bought a new stake in Synchrony Financial during the 4th quarter worth approximately $29,000. Finally, Palisade Asset Management LLC acquired a new position in Synchrony Financial in the 3rd quarter valued at approximately $29,000. 96.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SYF shares. Royal Bank Of Canada cut their price target on shares of Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 22nd. Loop Capital initiated coverage on Synchrony Financial in a research report on Friday, May 22nd. They set a “hold” rating and a $81.00 target price for the company. HSBC lifted their target price on Synchrony Financial from $93.00 to $97.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Wolfe Research increased their price target on Synchrony Financial from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Synchrony Financial in a research note on Friday, July 17th. Twelve analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $87.78.

Synchrony Financial Stock Performance

Shares of SYF stock opened at $78.57 on Wednesday. The firm has a 50 day moving average of $76.88 and a 200-day moving average of $73.42. The company has a market cap of $25.56 billion, a price-to-earnings ratio of 8.05, 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 has a 52 week low of $63.08 and a 52 week high of $88.77.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.59 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.45. Synchrony Financial had a net margin of 15.44% and a return on equity of 23.09%. The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same period last year, the company posted $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. On average, equities analysts forecast that Synchrony Financial will post 9.37 earnings per share for the current year.

Synchrony Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Wednesday, August 5th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, August 5th. This is a positive change from Synchrony Financial’s previous quarterly dividend of $0.30. Synchrony Financial’s dividend payout ratio is presently 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.