Caisse de depot et placement du Quebec Acquires Shares of 1,501,852 Synchrony Financial $SYF

Caisse de depot et placement du Quebec bought a new stake in Synchrony Financial (NYSE:SYF) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,501,852 shares of the financial services provider’s stock, valued at approximately $114,216,000. Caisse de depot et placement du Quebec owned 0.46% of Synchrony Financial as of its most recent filing with the Securities and Exchange Commission.

A number of 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 about $2,349,452,000. Norges Bank bought a new stake in Synchrony Financial during the 4th quarter worth about $383,231,000. Bank of America Corp DE lifted its position in Synchrony Financial by 34.6% during 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 during the period. Legal & General Group Plc bought a new position in shares of Synchrony Financial in the 2nd quarter valued at about $209,305,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Synchrony Financial during the 2nd quarter worth approximately $193,684,000. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial Trading Down 1.2%

NYSE SYF opened at $79.84 on Thursday. The firm has a market cap of $25.98 billion, a P/E ratio of 8.18, a P/E/G ratio of 0.74 and a beta of 1.32. 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’s 50-day moving average is $76.49 and its 200-day moving average is $73.04. Synchrony Financial has a one year low of $63.08 and a one year high of $88.77.

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 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 business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period in the previous year, the firm earned $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Sell-side analysts anticipate that Synchrony Financial will post 9.39 earnings per share for the current fiscal 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 paid a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, August 5th. This is an increase from Synchrony Financial’s previous quarterly dividend of $0.30. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. Synchrony Financial’s payout ratio is presently 13.93%.

Analyst Ratings Changes

A number of equities analysts have issued reports on SYF shares. UBS Group raised their price objective on shares of Synchrony Financial from $84.00 to $87.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Loop Capital assumed coverage on Synchrony Financial in a research note on Friday, May 22nd. They issued a “hold” rating and a $81.00 price target on the stock. Robert W. Baird raised their price target on Synchrony Financial from $86.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Wolfe Research lifted their price objective on Synchrony Financial from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Synchrony Financial in a research note on Friday, July 17th. Twelve investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.