Aster Capital Management DIFC Ltd acquired a new stake in shares of Synchrony Financial (NYSE:SYF – Free Report) during the 4th quarter, Holdings Channel reports. The firm acquired 8,292 shares of the financial services provider’s stock, valued at approximately $692,000.
Other institutional investors have also recently made changes to their positions in the company. Strategic Investment Advisors MI raised its holdings in shares of Synchrony Financial by 43.2% during 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 purchasing an additional 20,778 shares during the period. Bank of America Corp DE raised its holdings in shares of Synchrony Financial by 5.4% during the third 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 purchasing an additional 739,832 shares during the period. Tredje AP fonden increased its position in shares of Synchrony Financial by 71.5% during the third quarter. Tredje AP fonden now owns 54,811 shares of the financial services provider’s stock worth $3,894,000 after acquiring an additional 22,856 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of Synchrony Financial during the third quarter worth about $2,108,000. Finally, Vinva Investment Management Ltd increased its position in shares of Synchrony Financial by 27.2% during the third quarter. Vinva Investment Management Ltd now owns 397,508 shares of the financial services provider’s stock worth $29,145,000 after acquiring an additional 85,066 shares in the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.
Insider Transactions at Synchrony Financial
In other Synchrony Financial news, insider Jonathan S. Mothner sold 51,258 shares of the company’s 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 sale, the insider directly owned 132,664 shares of the company’s stock, valued at approximately $9,449,656.72. This represents a 27.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.36% of the company’s stock.
Synchrony Financial Trading Up 1.8%
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, topping 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 during the quarter, compared to the consensus estimate of $3.81 billion. During the same period in the prior year, the firm posted $1.89 EPS. The firm’s quarterly revenue was down 7.4% compared to the same quarter last year. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. Research analysts anticipate that Synchrony Financial will post 9.29 EPS for the current fiscal year.
Synchrony Financial announced that its Board of Directors has initiated a share buyback program on Tuesday, April 21st that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its stock is undervalued.
Synchrony Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, May 5th. Synchrony Financial’s dividend payout ratio is presently 12.41%.
Analyst Upgrades and Downgrades
SYF has been the subject of several recent research reports. Wells Fargo & Company decreased their target price on shares of Synchrony Financial from $100.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Barclays boosted their target price on shares of Synchrony Financial from $82.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Robert W. Baird boosted their target price on shares of Synchrony Financial from $83.00 to $86.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Synchrony Financial in a research report on Monday, April 20th. Finally, Truist Financial boosted their target price 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. 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 MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.05.
View Our Latest Stock Report on Synchrony Financial
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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