Simplicity Wealth LLC Makes New $747,000 Investment in Synchrony Financial $SYF

Simplicity Wealth LLC acquired a new stake in Synchrony Financial (NYSE:SYF) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 9,823 shares of the financial services provider’s stock, valued at approximately $747,000.

A number of other large investors have also added to or reduced their stakes in the business. Advisors Asset Management Inc. bought a new position in shares of Synchrony Financial in the fourth quarter valued at about $29,000. Fideuram Asset Management Ireland dac acquired a new position in Synchrony Financial in the 4th quarter valued at about $29,000. FWL Investment Management LLC bought a new position in Synchrony Financial in the 3rd quarter valued at about $26,000. Reflection Asset Management acquired a new stake in Synchrony Financial during the fourth quarter worth approximately $31,000. Finally, Palisade Asset Management LLC bought a new stake in shares of Synchrony Financial during the third quarter worth approximately $29,000. Institutional investors own 96.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SYF shares. BTIG Research lowered shares of Synchrony Financial from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Synchrony Financial in a report on Friday, July 17th. Royal Bank Of Canada cut their price target on Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. dropped 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. Finally, TD Cowen increased their target price on Synchrony Financial from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Twelve 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 stock has a consensus rating of “Moderate Buy” and a consensus target price of $87.89.

Synchrony Financial Stock Performance

Shares of NYSE:SYF opened at $80.73 on Tuesday. Synchrony Financial has a 1 year low of $63.08 and a 1 year high of $88.77. The stock has a market capitalization of $26.27 billion, a price-to-earnings ratio of 8.27, a price-to-earnings-growth ratio of 0.76 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 company’s 50 day simple moving average is $75.58 and its 200 day simple moving average is $72.75.

Synchrony Financial (NYSE:SYF) last released its 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 firm had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the prior year, the company earned $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, research analysts predict that Synchrony Financial will post 9.37 EPS for the current fiscal year.

Synchrony Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Wednesday, August 5th were paid a dividend of $0.34 per share. 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. This represents a $1.36 annualized dividend and a yield of 1.7%. Synchrony Financial’s payout ratio is presently 13.93%.

Synchrony Financial announced that its board has authorized a share repurchase plan on Tuesday, April 21st that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

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.