Synchrony Financial (NYSE:SYF – Get Free Report) insider Jonathan Mothner sold 51,258 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $71.23, for a total value of $3,651,107.34. Following the completion of the transaction, the insider owned 132,664 shares of the company’s stock, valued at $9,449,656.72. The trade was a 27.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Synchrony Financial Stock Down 0.1%
Shares of SYF opened at $71.99 on Friday. The firm has a market cap of $24.21 billion, a P/E ratio of 7.44, a price-to-earnings-growth ratio of 0.63 and a beta of 1.37. Synchrony Financial has a 12-month low of $55.67 and a 12-month high of $88.77. The company’s 50-day moving average price is $71.04 and its 200 day moving average price is $74.84. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.08.
Synchrony Financial (NYSE:SYF – Get Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.13. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.81 billion. Synchrony Financial had a net margin of 15.80% and a return on equity of 23.41%. Synchrony Financial’s revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.89 EPS. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. On average, sell-side analysts forecast that Synchrony Financial will post 9.29 earnings per share for the current year.
Synchrony Financial Announces Dividend
Synchrony Financial announced that its Board of Directors has initiated a share buyback program on Tuesday, April 21st that allows the company to buyback $0.00 in shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
Analysts Set New Price Targets
A number of brokerages have issued reports on SYF. Truist Financial lifted their price target on Synchrony Financial from $71.00 to $82.00 and gave the stock a “hold” rating in a report on Thursday, April 23rd. Wells Fargo & Company decreased their price target on Synchrony Financial from $100.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Wall Street Zen downgraded shares of Synchrony Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Barclays raised their price target on Synchrony Financial from $82.00 to $93.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Finally, BTIG Research lowered Synchrony Financial from a “buy” rating to a “neutral” rating in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $86.32.
Check Out Our Latest Analysis on SYF
Hedge Funds Weigh In On Synchrony Financial
Large investors have recently modified their holdings of the business. Strategic Investment Advisors MI increased its holdings in Synchrony Financial by 43.2% in the third quarter. Strategic Investment Advisors MI now owns 68,841 shares of the financial services provider’s stock valued at $4,890,000 after buying an additional 20,778 shares in the last quarter. Bank of America Corp DE lifted its stake in Synchrony Financial by 5.4% in the 3rd quarter. Bank of America Corp DE now owns 14,335,213 shares of the financial services provider’s stock valued at $1,018,517,000 after buying an additional 739,832 shares in the last quarter. Federated Hermes Inc. lifted its stake in Synchrony Financial by 38.2% in the 3rd quarter. Federated Hermes Inc. now owns 720,016 shares of the financial services provider’s stock valued at $51,157,000 after buying an additional 198,991 shares in the last quarter. Tredje AP fonden increased its position in Synchrony Financial by 71.5% during the 3rd quarter. Tredje AP fonden now owns 54,811 shares of the financial services provider’s stock worth $3,894,000 after purchasing an additional 22,856 shares in the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new position in shares of Synchrony Financial during the third quarter valued at approximately $2,108,000. 96.48% of the stock is owned by hedge funds and other institutional investors.
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.
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