Northwestern Mutual Wealth Management Co. Grows Position in Synchrony Financial $SYF

Northwestern Mutual Wealth Management Co. grew its stake in Synchrony Financial (NYSE:SYF) by 18.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,517 shares of the financial services provider’s stock after buying an additional 11,281 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Synchrony Financial were worth $5,439,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Mufg Securities Americas Inc. grew its stake in shares of Synchrony Financial by 5.3% during the 2nd quarter. Mufg Securities Americas Inc. now owns 10,132 shares of the financial services provider’s stock valued at $771,000 after acquiring an additional 514 shares during the period. Van ECK Associates Corp raised its stake in Synchrony Financial by 13.4% during the 2nd quarter. Van ECK Associates Corp now owns 16,780 shares of the financial services provider’s stock worth $1,276,000 after acquiring an additional 1,989 shares during the period. Wellington Management Group LLP lifted its holdings in Synchrony Financial by 130.3% during the second quarter. Wellington Management Group LLP now owns 75,122 shares of the financial services provider’s stock valued at $5,713,000 after purchasing an additional 42,501 shares in the last quarter. Kingsview Wealth Management LLC bought a new position in shares of Synchrony Financial in the second quarter worth approximately $725,000. Finally, Beacon Pointe Advisors LLC purchased a new stake in shares of Synchrony Financial in the second quarter worth $549,000. 96.48% of the stock is owned by hedge funds and other institutional investors.

Synchrony Financial Price Performance

Shares of Synchrony Financial stock opened at $79.85 on Friday. The stock has a 50 day moving average of $76.77 and a 200 day moving average of $73.27. Synchrony Financial has a 12 month low of $63.08 and a 12 month high of $88.77. The firm has a market cap of $25.98 billion, a PE ratio of 8.18, a PEG ratio of 0.72 and a beta of 1.32. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.08.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share for the quarter, beating 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 business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter last year, the business posted $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. On average, research analysts expect that Synchrony Financial will post 9.37 EPS for the current fiscal 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 given a $0.34 dividend. This is a boost from Synchrony Financial’s previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a yield of 1.7%. The ex-dividend date was Wednesday, August 5th. Synchrony Financial’s dividend payout ratio (DPR) is presently 13.93%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SYF shares. UBS Group raised their price target on Synchrony Financial from $84.00 to $87.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Loop Capital assumed coverage on Synchrony Financial in a research note on Friday, May 22nd. They set a “hold” rating and a $81.00 target price on the stock. TD Cowen upped their price target on Synchrony Financial from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Synchrony Financial in a report on Friday, July 17th. Finally, Wells Fargo & Company cut their target price on shares of Synchrony Financial from $95.00 to $88.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Twelve research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company currently has an average 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.