Pine Valley Investments Ltd Liability Co trimmed its position in Synchrony Financial (NYSE:SYF – Free Report) by 39.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,965 shares of the financial services provider’s stock after selling 26,150 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Synchrony Financial were worth $2,786,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. State Street Corp boosted its stake in Synchrony Financial by 1.0% in the 3rd quarter. State Street Corp now owns 19,080,903 shares of the financial services provider’s stock worth $1,355,698,000 after purchasing an additional 191,920 shares during the period. Bank of America Corp DE grew its holdings in shares of Synchrony Financial by 34.6% during the second quarter. Bank of America Corp DE now owns 13,595,381 shares of the financial services provider’s stock valued at $907,356,000 after buying an additional 3,494,741 shares in the last quarter. Morgan Stanley raised its position in Synchrony Financial by 7.6% during the fourth quarter. Morgan Stanley now owns 6,230,111 shares of the financial services provider’s stock valued at $519,778,000 after buying an additional 442,226 shares during the period. Dimensional Fund Advisors LP raised its position in Synchrony Financial by 6.4% during the first quarter. Dimensional Fund Advisors LP now owns 6,039,753 shares of the financial services provider’s stock valued at $410,760,000 after buying an additional 365,353 shares during the period. Finally, Invesco Ltd. lifted its stake in Synchrony Financial by 10.4% in the 4th quarter. Invesco Ltd. now owns 5,490,921 shares of the financial services provider’s stock worth $458,108,000 after acquiring an additional 517,781 shares in the last quarter. 96.48% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, insider Jonathan S. Mothner sold 51,258 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $71.23, for a total transaction of $3,651,107.34. Following the completion of the sale, the insider owned 132,664 shares in the company, valued at approximately $9,449,656.72. This represents a 27.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.36% of the company’s stock.
Synchrony Financial Stock Up 2.7%
Synchrony Financial (NYSE:SYF – Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.45. The firm had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Synchrony Financial had a net margin of 15.44% and a return on equity of 23.09%. During the same period in the prior year, the company posted $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Sell-side analysts forecast that Synchrony Financial will post 9.35 earnings per share for the current fiscal year.
Synchrony Financial announced that its board has authorized a stock buyback program on Tuesday, April 21st that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.
Synchrony Financial Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Wednesday, August 5th will be given a $0.34 dividend. This is an increase from Synchrony Financial’s previous quarterly dividend of $0.30. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, August 5th. Synchrony Financial’s payout ratio is presently 12.30%.
Analyst Ratings Changes
A number of equities research analysts have commented on the company. BTIG Research lowered Synchrony Financial from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 22nd. Robert W. Baird increased their price target on shares of Synchrony Financial from $86.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. UBS Group increased their price objective on Synchrony Financial from $84.00 to $87.00 and gave the stock a “neutral” rating in a report on Monday. Wells Fargo & Company reduced their price target on Synchrony Financial from $95.00 to $88.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Finally, Barclays boosted their price target on Synchrony Financial from $82.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Twelve research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Synchrony Financial presently has an average rating of “Moderate Buy” and a consensus target price of $87.89.
Get Our Latest Research Report on SYF
About Synchrony Financial
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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