Mitsubishi UFJ Asset Management Co. Ltd. Makes New $62.42 Million Investment in Synchrony Financial $SYF

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Synchrony Financial (NYSE:SYF) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 820,797 shares of the financial services provider’s stock, valued at approximately $62,422,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SYF. KTF Investments LLC bought a new stake in Synchrony Financial in the fourth quarter worth $3,923,000. Assenagon Asset Management S.A. lifted its position in Synchrony Financial by 959.4% during the first quarter. Assenagon Asset Management S.A. now owns 545,880 shares of the financial services provider’s stock valued at $37,131,000 after purchasing an additional 494,354 shares during the last quarter. Jefferies Financial Group Inc. grew its stake in shares of Synchrony Financial by 701.9% in the 4th quarter. Jefferies Financial Group Inc. now owns 120,996 shares of the financial services provider’s stock worth $10,095,000 after buying an additional 105,907 shares in the last quarter. Forsta AP Fonden grew its stake in shares of Synchrony Financial by 7.7% in the 4th quarter. Forsta AP Fonden now owns 228,900 shares of the financial services provider’s stock worth $19,097,000 after buying an additional 16,400 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in shares of Synchrony Financial in the 4th quarter worth about $84,494,000. 96.48% of the stock is currently owned by institutional investors.

Synchrony Financial Price Performance

Synchrony Financial stock opened at $79.64 on Thursday. Synchrony Financial has a 12-month low of $63.08 and a 12-month 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. The firm has a 50-day moving average price of $75.95 and a 200-day moving average price of $72.85. The firm has a market capitalization of $25.91 billion, a PE ratio of 8.16, a price-to-earnings-growth ratio of 0.74 and a beta of 1.32.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results 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 company had revenue of $3.72 billion for the quarter, compared to the consensus estimate 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 research analysts forecast that Synchrony Financial will post 9.37 EPS for the current year.

Synchrony Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Wednesday, August 5th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.7%. 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 (DPR) is presently 13.93%.

Wall Street Analysts Forecast Growth

SYF has been the topic of several recent research reports. UBS Group upped their target price on shares of Synchrony Financial from $84.00 to $87.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Synchrony Financial in a research report on Friday, July 17th. HSBC boosted their price objective on Synchrony Financial from $93.00 to $97.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Robert W. Baird upped their price objective on Synchrony Financial from $86.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Finally, Loop Capital began coverage on Synchrony Financial in a research note on Friday, May 22nd. They issued a “hold” rating and a $81.00 price objective for the company. Twelve analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $87.89.

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.