Los Angeles Capital Management LLC reduced its position in shares of Synchrony Financial (NYSE:SYF – Free Report) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,786,730 shares of the financial services provider’s stock after selling 128,488 shares during the period. Synchrony Financial accounts for about 0.8% of Los Angeles Capital Management LLC’s holdings, making the stock its 21st biggest position. Los Angeles Capital Management LLC’s holdings in Synchrony Financial were worth $232,497,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in SYF. NewEdge Advisors LLC lifted its position in shares of Synchrony Financial by 8.9% during the first quarter. NewEdge Advisors LLC now owns 8,302 shares of the financial services provider’s stock valued at $439,000 after purchasing an additional 679 shares in the last quarter. Woodline Partners LP lifted its position in shares of Synchrony Financial by 36.2% during the first quarter. Woodline Partners LP now owns 35,582 shares of the financial services provider’s stock valued at $1,884,000 after purchasing an additional 9,460 shares in the last quarter. Focus Partners Wealth lifted its position in shares of Synchrony Financial by 7.7% during the first quarter. Focus Partners Wealth now owns 6,406 shares of the financial services provider’s stock valued at $339,000 after purchasing an additional 459 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Synchrony Financial by 337.0% during 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 in the last quarter. Finally, Sivia Capital Partners LLC lifted its position in shares of Synchrony Financial by 56.1% during the second quarter. Sivia Capital Partners LLC now owns 6,062 shares of the financial services provider’s stock valued at $405,000 after purchasing an additional 2,178 shares in the last quarter. 96.48% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on SYF shares. Loop Capital started coverage on shares of Synchrony Financial in a research report on Friday, May 22nd. They set a “hold” rating and a $81.00 price target on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Synchrony Financial from $84.00 to $73.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Truist Financial lifted their price objective on shares of Synchrony Financial from $71.00 to $82.00 and gave the stock a “hold” rating in a research report on Thursday, April 23rd. Wells Fargo & Company lowered their price objective on shares of Synchrony Financial from $100.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Synchrony Financial in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $86.05.
Synchrony Financial Stock Performance
Shares of SYF stock opened at $70.85 on Friday. The firm has a market cap of $23.83 billion, a price-to-earnings ratio of 7.33, a P/E/G ratio of 0.62 and a beta of 1.33. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.24 and a current ratio of 1.24. Synchrony Financial has a 52 week low of $58.31 and a 52 week high of $88.77. The firm’s 50-day simple moving average is $72.31 and its two-hundred day simple moving average is $74.62.
Synchrony Financial (NYSE:SYF – Get Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $2.27 EPS for the quarter, topping the consensus estimate of $2.14 by $0.13. The business 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%. The company’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.89 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. As a group, equities analysts forecast that Synchrony Financial will post 9.29 earnings per share for the current year.
Synchrony Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th were paid a $0.30 dividend. The ex-dividend date was Tuesday, May 5th. This represents a $1.20 annualized dividend and a dividend yield of 1.7%. Synchrony Financial’s dividend payout ratio (DPR) is presently 12.41%.
Synchrony Financial declared that its board has authorized a stock repurchase program on Tuesday, April 21st that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.
Insider Buying and Selling at Synchrony Financial
In other news, insider Jonathan S. Mothner sold 51,258 shares of Synchrony Financial stock in a transaction dated Friday, May 15th. The shares were 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 in the company, valued at $9,449,656.72. This trade represents a 27.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.36% of the stock is owned by insiders.
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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