Allianz Asset Management GmbH Lowers Stake in Synchrony Financial $SYF

Allianz Asset Management GmbH cut its position in shares of Synchrony Financial (NYSE:SYF) by 6.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,890,546 shares of the financial services provider’s stock after selling 313,977 shares during the quarter. Allianz Asset Management GmbH owned about 1.36% of Synchrony Financial worth $347,473,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna acquired a new stake in Synchrony Financial during the 2nd quarter worth approximately $26,000. Salomon & Ludwin LLC lifted its position in Synchrony Financial by 54.9% during the third quarter. Salomon & Ludwin LLC now owns 412 shares of the financial services provider’s stock valued at $29,000 after buying an additional 146 shares in the last quarter. True Wealth Design LLC grew its stake in Synchrony Financial by 5,787.5% during the second quarter. True Wealth Design LLC now owns 471 shares of the financial services provider’s stock worth $31,000 after buying an additional 463 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Synchrony Financial by 337.0% in the first quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 455 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Synchrony Financial in the third quarter worth $35,000. 96.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on SYF. Weiss Ratings restated a “buy (b-)” rating on shares of Synchrony Financial in a report on Wednesday, January 21st. Barclays cut their price objective on Synchrony Financial from $101.00 to $93.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 28th. TD Cowen upped their target price on Synchrony Financial from $91.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. JPMorgan Chase & Co. dropped their target price on Synchrony Financial from $86.00 to $84.00 and set a “neutral” rating on the stock in a report on Wednesday, January 28th. Finally, BTIG Research decreased their price target on Synchrony Financial from $100.00 to $96.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $87.05.

Synchrony Financial Price Performance

Shares of NYSE SYF opened at $73.53 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.98. Synchrony Financial has a fifty-two week low of $40.54 and a fifty-two week high of $88.77. The business has a 50 day moving average price of $80.94 and a two-hundred day moving average price of $75.75. The firm has a market cap of $26.48 billion, a PE ratio of 7.91, a price-to-earnings-growth ratio of 0.51 and a beta of 1.43.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.16. The business had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.84 billion. Synchrony Financial had a net margin of 15.72% and a return on equity of 23.07%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the company earned $1.91 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. Sell-side analysts expect that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, February 6th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, February 6th. Synchrony Financial’s payout ratio is currently 12.92%.

Synchrony Financial declared that its Board of Directors has initiated a stock buyback program on Wednesday, October 15th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to purchase up to 3.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Synchrony Financial

In other Synchrony Financial news, insider Jonathan S. Mothner sold 32,000 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $72.80, for a total transaction of $2,329,600.00. Following the sale, the insider owned 127,100 shares in the company, valued at $9,252,880. This represents a 20.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.33% of the stock is owned by insiders.

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.