Synchrony Financial $SYF Stock Bought by SteelPeak Wealth LLC

SteelPeak Wealth LLC lifted its stake in shares of Synchrony Financial (NYSE:SYF) by 60.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,294 shares of the financial services provider’s stock after buying an additional 25,689 shares during the quarter. SteelPeak Wealth LLC’s holdings in Synchrony Financial were worth $4,847,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SYF. Bank of America Corp DE purchased a new stake in shares of Synchrony Financial during the second quarter worth approximately $1,122,961,000. Raiffeisen Bank International AG lifted its holdings in shares of Synchrony Financial by 7,984.0% during the second quarter. Raiffeisen Bank International AG now owns 23,282 shares of the financial services provider’s stock worth $1,825,000 after purchasing an additional 22,994 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Synchrony Financial in the 2nd quarter valued at $22,798,000. Basswood Capital Management L.L.C. purchased a new position in Synchrony Financial in the 2nd quarter valued at $45,734,000. Finally, Assenagon Asset Management S.A. raised its position in Synchrony Financial by 959.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 545,880 shares of the financial services provider’s stock worth $37,131,000 after buying an additional 494,354 shares during the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.

Synchrony Financial Trading Down 0.4%

Shares of SYF opened at $73.72 on Friday. 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 firm has a 50 day simple moving average of $75.96 and a 200-day simple moving average of $74.50. Synchrony Financial has a 1-year low of $63.08 and a 1-year high of $88.77. The stock has a market cap of $23.99 billion, a price-to-earnings ratio of 7.55, a price-to-earnings-growth ratio of 0.86 and a beta of 1.35.

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, 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 the consensus estimate of $3.72 billion. During the same period in the previous year, the firm posted $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Equities analysts forecast that Synchrony Financial will post 9.40 EPS for the current fiscal year.

Synchrony Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Wednesday, August 5th were given a $0.34 dividend. This is an increase from Synchrony Financial’s previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Wednesday, August 5th. Synchrony Financial’s dividend payout ratio (DPR) is currently 13.93%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SYF shares. Morgan Stanley reduced their target price on shares of Synchrony Financial from $84.00 to $83.00 and set an “equal weight” rating for the company in a research note on Monday, October 12th. Wells Fargo & Company cut their price target on shares of Synchrony Financial from $95.00 to $88.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Wolfe Research increased their price target on shares of Synchrony Financial from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, August 25th. Royal Bank Of Canada reduced their price objective on shares of Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded shares of Synchrony Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $87.25.

Synchrony Financial Profile

Synchrony Financial (NYSE: SYF) is a consumer financial services company that provides credit products and related services through partnerships with retailers, manufacturers, healthcare providers and other businesses. The company is best known for private-label credit cards and dual-use credit cards that allow consumers to finance purchases with participating brands.

Synchrony’s offerings also include promotional financing, installment loans and other consumer payment solutions. Its products support spending across areas such as retail, home improvement, consumer electronics, healthcare, automotive and lifestyle purchases.