Resona Asset Management Co. Ltd. lessened its stake in Synchrony Financial (NYSE:SYF – Free Report) by 6.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 116,684 shares of the financial services provider’s stock after selling 7,758 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Synchrony Financial were worth $9,763,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Westside Investment Management Inc. raised its holdings in shares of Synchrony Financial by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 358 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 179 shares during the period. FWL Investment Management LLC purchased a new position in shares of Synchrony Financial in the third quarter worth about $26,000. Palisade Asset Management LLC bought a new stake in shares of Synchrony Financial in the third quarter valued at approximately $29,000. Geneos Wealth Management Inc. raised its position in shares of Synchrony Financial by 337.0% in the first quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 455 shares during the period. Finally, Colonial Trust Co SC raised its position in shares of Synchrony Financial by 40.2% in the third quarter. Colonial Trust Co SC now owns 474 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 136 shares during the period. Institutional investors own 96.48% of the company’s stock.
Analyst Ratings Changes
Several research firms have recently issued reports on SYF. Barclays boosted their price target on shares of Synchrony Financial from $82.00 to $93.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Compass Point raised shares of Synchrony Financial from a “neutral” rating to a “buy” rating and set a $96.00 target price on the stock in a report on Wednesday, January 28th. Wall Street Zen cut shares of Synchrony Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. JPMorgan Chase & Co. lowered their target price on shares of Synchrony Financial from $84.00 to $73.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Finally, Royal Bank Of Canada lowered their target price on shares of Synchrony Financial from $91.00 to $85.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Synchrony Financial currently has an average rating of “Moderate Buy” and a consensus target price of $86.32.
Synchrony Financial Trading Down 0.1%
Shares of SYF stock opened at $71.99 on Friday. The company’s fifty day simple moving average is $71.04 and its two-hundred day simple moving average is $74.84. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.24 and a quick ratio of 1.24. Synchrony Financial has a 1 year low of $55.67 and a 1 year high of $88.77. The stock has a market capitalization of $24.21 billion, a price-to-earnings ratio of 7.44, a PEG ratio of 0.63 and a beta of 1.37.
Synchrony Financial (NYSE:SYF – Get Free Report) last issued its earnings results on Tuesday, April 21st. The financial services provider reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.13. Synchrony Financial had a net margin of 15.80% and a return on equity of 23.41%. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.81 billion. The business’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.89 EPS. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. As a group, analysts anticipate that Synchrony Financial will post 9.29 earnings per share for the current year.
Synchrony Financial Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, May 5th. Synchrony Financial’s payout ratio is 12.41%.
Synchrony Financial announced that its Board of Directors has initiated a share buyback plan on Tuesday, April 21st that allows the company to buyback $0.00 in shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
Insider Activity
In other Synchrony Financial news, insider Alberto Casellas sold 14,399 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $67.71, for a total value of $974,956.29. Following the sale, the insider owned 50,331 shares of the company’s stock, valued at $3,407,912.01. This trade represents a 22.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Bart Schaller sold 12,980 shares of Synchrony Financial stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $67.71, for a total value of $878,875.80. Following the sale, the insider owned 34,035 shares of the company’s stock, valued at approximately $2,304,509.85. This trade represents a 27.61% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 374,630 shares of company stock worth $25,731,741. Company insiders own 0.36% of the company’s stock.
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.
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