State of Wyoming Purchases New Stake in Synchrony Financial $SYF

State of Wyoming acquired a new position in shares of Synchrony Financial (NYSE:SYF) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,828 shares of the financial services provider’s stock, valued at approximately $747,000.

Other large investors have also recently bought and sold shares of the company. FWL Investment Management LLC acquired a new position in shares of Synchrony Financial in the 3rd quarter valued at approximately $26,000. Fideuram Asset Management Ireland dac bought a new stake in shares of Synchrony Financial during the 4th quarter worth approximately $29,000. Advisors Asset Management Inc. acquired a new stake in shares of Synchrony Financial during the 4th quarter worth approximately $29,000. Palisade Asset Management LLC acquired a new stake in shares of Synchrony Financial during the 3rd quarter worth approximately $29,000. Finally, Reflection Asset Management bought a new position in Synchrony Financial in the fourth quarter valued at approximately $31,000. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SYF has been the subject of several research analyst reports. BTIG Research downgraded shares of Synchrony Financial from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 22nd. Wells Fargo & Company reduced their target price on Synchrony Financial from $95.00 to $88.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Synchrony Financial in a report on Friday, July 17th. Truist Financial lifted their price target on Synchrony Financial from $71.00 to $82.00 and gave the company a “hold” rating in a research note on Thursday, April 23rd. Finally, JPMorgan Chase & Co. lowered their price target on Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating for the company in a report on Monday, July 13th. Twelve analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $87.89.

Synchrony Financial Trading Up 0.1%

Shares of Synchrony Financial stock opened at $81.04 on Monday. The firm’s 50 day moving average is $75.37 and its 200 day moving average is $72.70. The firm has a market capitalization of $26.37 billion, a PE ratio of 8.30, a price-to-earnings-growth ratio of 0.76 and a beta of 1.32. Synchrony Financial has a 1 year low of $63.08 and a 1 year high of $88.77. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.08.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.59 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $3.72 billion. During the same quarter in the prior year, the firm earned $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Equities research analysts forecast that Synchrony Financial will post 9.37 earnings per share for the current fiscal year.

Synchrony Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Wednesday, August 5th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is 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 currently 13.93%.

Synchrony Financial announced that its board has authorized a stock buyback plan on Tuesday, April 21st that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

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.