Wellington Management Group LLP Buys 42,501 Shares of Synchrony Financial $SYF

Wellington Management Group LLP grew its stake in shares of Synchrony Financial (NYSE:SYF) by 130.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,122 shares of the financial services provider’s stock after acquiring an additional 42,501 shares during the period. Wellington Management Group LLP’s holdings in Synchrony Financial were worth $5,713,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Synchrony Financial during the second quarter worth approximately $2,349,452,000. State Street Corp lifted its holdings in Synchrony Financial by 1.0% during the 3rd quarter. State Street Corp now owns 19,080,903 shares of the financial services provider’s stock worth $1,355,698,000 after purchasing an additional 191,920 shares during the last quarter. Bank of America Corp DE acquired a new stake in Synchrony Financial during the 2nd quarter worth approximately $1,122,961,000. Morgan Stanley boosted its stake in 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 period. Finally, Dimensional Fund Advisors LP boosted its stake in 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 period. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial Price Performance

Shares of NYSE SYF opened at $77.37 on Thursday. The stock has a market capitalization of $25.18 billion, a PE ratio of 7.93, a P/E/G ratio of 0.72 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 business has a fifty day moving average price of $76.90 and a two-hundred day moving average price of $73.46. Synchrony Financial has a fifty-two week low of $63.08 and a fifty-two week high of $88.77.

Synchrony Financial (NYSE:SYF) last released its earnings results on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $3.72 billion. During the same period in the prior year, the firm posted $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, equities analysts predict that Synchrony Financial will post 9.37 earnings per share for the current fiscal year.

Synchrony Financial Increases Dividend

The company 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. 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 1.8%. The ex-dividend date of this dividend was Wednesday, August 5th. Synchrony Financial’s dividend payout ratio (DPR) is currently 13.93%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. TD Cowen increased their price objective on Synchrony Financial from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Royal Bank Of Canada decreased 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 research note on Wednesday, July 22nd. UBS Group raised their price target on shares of Synchrony Financial from $84.00 to $87.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Loop Capital began coverage on shares of Synchrony Financial in a research note on Friday, May 22nd. They issued a “hold” rating and a $81.00 price objective for the company. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Synchrony Financial in a report on Friday, July 17th. Twelve research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $87.78.

About Synchrony Financial

Synchrony Financial (NYSE: SYF) is a consumer financial services company that provides credit products and financing programs through partnerships with retailers, manufacturers, healthcare providers and other businesses. Its offerings are designed to help consumers finance purchases and manage spending across a range of industries.

The company’s products include private-label and co-branded credit cards, promotional financing, installment loans and other consumer payment solutions. Synchrony also provides deposit products and other banking services through Synchrony Bank, including savings accounts, certificates of deposit and money market accounts.

Synchrony primarily serves consumers and business partners in the United States, including customers in retail, home, automotive, healthcare, specialty and other markets.