Third View Private Wealth LLC Takes Position in Synchrony Financial $SYF

Third View Private Wealth LLC acquired a new stake in Synchrony Financial (NYSE:SYF) in the fourth quarter, Holdings Channel.com reports. The fund acquired 15,827 shares of the financial services provider’s stock, valued at approximately $1,320,000.

A number of other institutional investors have also modified their holdings of the company. Transcend Capital Advisors LLC grew its stake in shares of Synchrony Financial by 6.1% in the fourth quarter. Transcend Capital Advisors LLC now owns 4,506 shares of the financial services provider’s stock valued at $376,000 after buying an additional 259 shares in the last quarter. ABLE Financial Group LLC lifted its holdings in Synchrony Financial by 4.3% during the 4th quarter. ABLE Financial Group LLC now owns 44,752 shares of the financial services provider’s stock worth $3,734,000 after buying an additional 1,864 shares in the last quarter. Choreo LLC lifted its holdings in Synchrony Financial by 1.1% during the 4th quarter. Choreo LLC now owns 13,486 shares of the financial services provider’s stock worth $1,137,000 after buying an additional 145 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Synchrony Financial by 7.0% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 956,854 shares of the financial services provider’s stock worth $79,830,000 after buying an additional 62,480 shares in the last quarter. Finally, Ritholtz Wealth Management lifted its holdings in Synchrony Financial by 21.9% during the 4th quarter. Ritholtz Wealth Management now owns 94,121 shares of the financial services provider’s stock worth $7,852,000 after buying an additional 16,901 shares in the last quarter. 96.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SYF shares. Compass Point upgraded 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. BTIG Research reissued a “buy” rating and set a $96.00 target price on shares of Synchrony Financial in a research note on Wednesday, March 11th. TD Cowen boosted their target price on Synchrony Financial from $91.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Truist Financial lowered their target price on Synchrony Financial from $84.00 to $71.00 and set a “hold” rating for the company in a research note on Monday, March 23rd. Finally, Barclays lowered their target price on Synchrony Financial from $93.00 to $82.00 and set an “overweight” rating for the company in a research note on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $85.00.

Synchrony Financial Trading Up 1.9%

NYSE:SYF opened at $73.80 on Tuesday. The stock has a 50-day simple moving average of $69.47 and a 200-day simple moving average of $74.46. The stock has a market cap of $25.65 billion, a P/E ratio of 7.94, a P/E/G ratio of 0.64 and a beta of 1.39. Synchrony Financial has a 1 year low of $46.08 and a 1 year high of $88.77. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.24 and a current ratio of 1.24.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.16. The business had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.84 billion. Synchrony Financial had a return on equity of 23.07% and a net margin of 15.72%.The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.91 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 7.67 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, February 6th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, February 6th. Synchrony Financial’s dividend payout ratio is currently 12.92%.

Insider Buying and Selling at Synchrony Financial

In other news, insider Alberto Casellas sold 14,399 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $67.71, for a total transaction of $974,956.29. Following the completion of the transaction, the insider directly owned 50,331 shares of the company’s stock, valued at approximately $3,407,912.01. This represents a 22.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brian J. Sr. Wenzel sold 47,112 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $67.16, for a total value of $3,164,041.92. Following the transaction, the insider directly owned 64,221 shares of the company’s stock, valued at approximately $4,313,082.36. This represents a 42.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 379,928 shares of company stock worth $26,170,764. Corporate insiders own 0.32% of the company’s stock.

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.