Susquehanna Fundamental Investments LLC Invests $1.60 Million in Synchrony Financial $SYF

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Synchrony Financial (NYSE:SYF) in the second quarter, HoldingsChannel.com reports. The fund acquired 21,012 shares of the financial services provider’s stock, valued at approximately $1,598,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. bought a new position in Synchrony Financial in the 2nd quarter worth $2,349,452,000. Bank of America Corp DE bought a new stake in Synchrony Financial during the second quarter valued at about $1,122,961,000. Norges Bank bought a new stake in Synchrony Financial during the fourth quarter valued at about $383,231,000. Legal & General Group Plc purchased a new stake in Synchrony Financial in the second quarter worth about $209,305,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Synchrony Financial in the second quarter worth about $193,684,000. 96.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SYF. TD Cowen lifted their price objective on Synchrony Financial from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Robert W. Baird increased their target price on shares of Synchrony Financial from $86.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. decreased their target price on shares of Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating on the stock in a research note on Monday, July 13th. Loop Capital initiated coverage on shares of Synchrony Financial in a report on Friday, May 22nd. They set a “hold” rating and a $81.00 price target on the stock. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Synchrony Financial in a research report on Friday, July 17th. Twelve investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $87.78.

Synchrony Financial Price Performance

Shares of Synchrony Financial stock opened at $76.63 on Wednesday. The company has a market capitalization of $24.93 billion, a price-to-earnings ratio of 7.85, a PEG ratio of 0.71 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. The stock’s 50-day simple moving average is $76.70 and its 200-day simple moving average is $73.16. Synchrony Financial has a 52 week low of $63.08 and a 52 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. The firm had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Synchrony Financial had a return on equity of 23.09% and a net margin of 15.44%.During the same quarter last year, the business posted $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, analysts expect that Synchrony Financial will post 9.37 earnings per share for the current fiscal year.

Synchrony Financial Increases Dividend

The firm 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. This represents a $1.36 annualized dividend and a yield of 1.8%. The ex-dividend date 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 currently 13.93%.

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.