Banque Cantonale Vaudoise Decreases Stake in Synchrony Financial $SYF

Banque Cantonale Vaudoise lessened its position in shares of Synchrony Financial (NYSE:SYFFree Report) by 68.7% in the 1st quarter, HoldingsChannel reports. The fund owned 14,346 shares of the financial services provider’s stock after selling 31,508 shares during the period. Banque Cantonale Vaudoise’s holdings in Synchrony Financial were worth $975,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SYF. FWL Investment Management LLC acquired a new position in shares of Synchrony Financial during the third quarter worth $26,000. Fideuram Asset Management Ireland dac acquired a new stake in Synchrony Financial in the fourth quarter valued at $29,000. Advisors Asset Management Inc. acquired a new stake in Synchrony Financial in the fourth quarter valued at $29,000. Palisade Asset Management LLC purchased a new stake in Synchrony Financial during the 3rd quarter worth about $29,000. Finally, Reflection Asset Management purchased a new stake in Synchrony Financial during the 4th quarter worth about $31,000. 96.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Jonathan S. Mothner sold 51,258 shares of the company’s stock in a transaction on 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 owned 132,664 shares in the company, valued at $9,449,656.72. This represents a 27.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.36% of the stock is currently owned by company insiders.

Synchrony Financial Stock Up 0.2%

Synchrony Financial stock opened at $78.72 on Friday. The company has a market capitalization of $26.48 billion, a P/E ratio of 8.14, a PEG ratio of 0.69 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 fifty-two week low of $63.08 and a fifty-two week high of $88.77. The stock has a 50-day simple moving average of $73.61 and a 200-day simple moving average of $74.46.

Synchrony Financial (NYSE:SYFGet Free Report) last released its quarterly earnings results 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. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.81 billion. Synchrony Financial had a return on equity of 23.41% and a net margin of 15.80%.The firm’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.89 EPS. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. Equities research analysts expect that Synchrony Financial will post 9.34 earnings per share for the current year.

Synchrony Financial declared that its board has approved a share repurchase plan on Tuesday, April 21st that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Synchrony Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, May 5th. Synchrony Financial’s payout ratio is presently 12.41%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SYF shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Synchrony Financial in a research report on Monday, April 20th. Barclays upped their price target on Synchrony Financial from $82.00 to $93.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Truist Financial increased their price target on shares of Synchrony Financial from $71.00 to $82.00 and gave the company a “hold” rating in a research note on Thursday, April 23rd. BTIG Research cut shares of Synchrony Financial from a “buy” rating to a “neutral” rating in a report on Wednesday, April 22nd. Finally, Loop Capital initiated coverage on shares of Synchrony Financial in a research report on Friday, May 22nd. They set a “hold” rating and a $81.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, Synchrony Financial currently has an average rating of “Moderate Buy” and a consensus price target of $86.05.

Read Our Latest Report on SYF

About Synchrony Financial

(Free Report)

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.

See Also

Want to see what other hedge funds are holding SYF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Synchrony Financial (NYSE:SYFFree Report).

Institutional Ownership by Quarter for Synchrony Financial (NYSE:SYF)

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