Paralel Advisors LLC Makes New Investment in Synchrony Financial $SYF

Paralel Advisors LLC acquired a new stake in Synchrony Financial (NYSE:SYF) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 33,967 shares of the financial services provider’s stock, valued at approximately $2,583,000.

A number of other hedge funds also recently made changes to their positions in SYF. Allworth Financial LP acquired a new position in shares of Synchrony Financial during the 2nd quarter worth approximately $801,000. B. Metzler seel. Sohn & Co. AG bought a new stake in Synchrony Financial in the 2nd quarter valued at $2,781,000. Portfolio Design Labs LLC acquired a new stake in Synchrony Financial during the 2nd quarter valued at $245,000. Vise Technologies Inc. acquired a new stake in Synchrony Financial during the 2nd quarter valued at $1,953,000. Finally, Edmond DE Rothschild Holding S.A. bought a new position in Synchrony Financial during the second quarter worth $759,000. 96.48% of the stock is owned by institutional investors and hedge funds.

Synchrony Financial Stock Performance

SYF opened at $76.76 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 business has a fifty day simple moving average of $76.03 and a 200 day simple moving average of $72.88. Synchrony Financial has a 1 year low of $63.08 and a 1 year high of $88.77. The company has a market capitalization of $24.98 billion, a PE ratio of 7.86, a price-to-earnings-growth ratio of 0.73 and a beta of 1.32.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter last year, the business earned $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Research analysts expect that Synchrony Financial will post 9.37 EPS for the current year.

Synchrony Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Wednesday, August 5th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.8%. This is a boost from Synchrony Financial’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, August 5th. Synchrony Financial’s dividend payout ratio is currently 13.93%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on SYF shares. HSBC upped their price objective on shares of Synchrony Financial from $93.00 to $97.00 and gave the company a “buy” rating in a report on Monday, July 13th. Royal Bank Of Canada reduced their target price on shares of Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating for the company in a report on Wednesday, July 22nd. UBS Group upped their price target on shares of Synchrony Financial from $84.00 to $87.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Loop Capital started coverage on shares of Synchrony Financial in a research note on Friday, May 22nd. They issued a “hold” rating and a $81.00 price target on the stock. Finally, JPMorgan Chase & Co. lowered their price target on shares of Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating on the stock in a report on Monday, July 13th. Twelve investment 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 an average price target of $87.89.

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.