Redwood Investment Management LLC Makes New $2.17 Million Investment in Synchrony Financial $SYF

Redwood Investment Management LLC bought a new stake in Synchrony Financial (NYSE:SYF) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 28,479 shares of the financial services provider’s stock, valued at approximately $2,166,000.

Other hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. lifted its stake in shares of Synchrony Financial by 959.4% in 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 period. Jefferies Financial Group Inc. boosted its stake in shares of Synchrony Financial by 701.9% during the 4th quarter. Jefferies Financial Group Inc. now owns 120,996 shares of the financial services provider’s stock worth $10,095,000 after acquiring an additional 105,907 shares in the last quarter. Forsta AP Fonden grew its holdings 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 acquiring an additional 16,400 shares during the period. Basswood Capital Management L.L.C. acquired a new stake in shares of Synchrony Financial in the 2nd quarter worth approximately $45,734,000. Finally, PFA Pension Forsikringsaktieselskab purchased a new position in Synchrony Financial in the 4th quarter valued at approximately $84,494,000. Institutional investors and hedge funds own 96.48% of the company’s stock.

Synchrony Financial Stock Down 1.2%

SYF stock opened at $79.84 on Thursday. The stock has a market capitalization of $25.98 billion, a P/E ratio of 8.18, a PEG ratio of 0.74 and a beta of 1.32. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.22 and a current ratio of 1.22. Synchrony Financial has a one year low of $63.08 and a one year high of $88.77. The company has a 50 day moving average price of $76.49 and a two-hundred day moving average price of $73.04.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.45. Synchrony Financial had a return on equity of 23.09% and a net margin of 15.44%.The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the prior year, the company posted $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, sell-side analysts expect that Synchrony Financial will post 9.39 EPS for the current year.

Synchrony Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Wednesday, August 5th were paid a $0.34 dividend. The ex-dividend date was Wednesday, August 5th. This is an increase from Synchrony Financial’s previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a yield of 1.7%. Synchrony Financial’s payout ratio is currently 13.93%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on SYF shares. JPMorgan Chase & Co. dropped their price target on Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating for the company in a research report on Monday, July 13th. UBS Group lifted their target price on shares of Synchrony Financial from $84.00 to $87.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. HSBC increased their price target on shares of Synchrony Financial from $93.00 to $97.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Wolfe Research upped their target price on Synchrony Financial from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Wells Fargo & Company dropped their price target on Synchrony Financial from $95.00 to $88.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Twelve research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $87.78.

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.