Synchrony Financial $SYF Shares Sold by Boston Partners

Boston Partners trimmed its position in shares of Synchrony Financial (NYSE:SYF) by 1.8% during the fourth quarter, HoldingsChannel reports. The fund owned 3,847,913 shares of the financial services provider’s stock after selling 70,624 shares during the quarter. Boston Partners’ holdings in Synchrony Financial were worth $320,979,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Strategic Investment Advisors MI lifted its holdings in shares of Synchrony Financial by 43.2% in 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 in the last quarter. Bank of America Corp DE lifted its stake 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 buying an additional 739,832 shares during the period. Tredje AP fonden lifted its stake 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 valued at $3,894,000 after buying an additional 22,856 shares during the period. Jupiter Asset Management Ltd. purchased a new position in shares of Synchrony Financial during the third quarter valued at approximately $2,108,000. Finally, Vinva Investment Management Ltd lifted its stake 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 valued at $29,145,000 after buying an additional 85,066 shares during the period. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Synchrony Financial Stock Performance

SYF stock opened at $73.36 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market cap of $24.68 billion, a P/E ratio of 7.59, a P/E/G ratio of 0.64 and a beta of 1.33. The firm has a 50 day simple moving average of $72.78 and a 200 day simple moving average of $74.60. Synchrony Financial has a 52 week low of $59.46 and a 52 week high of $88.77.

Synchrony Financial (NYSE:SYF) last posted its earnings results on Tuesday, April 21st. The financial services provider reported $2.27 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.81 billion. During the same period in the previous year, the company earned $1.89 earnings per share. The company’s 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 earnings per share for the current fiscal year.

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

Synchrony Financial Announces Dividend

The company 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. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. Synchrony Financial’s dividend payout ratio is presently 12.41%.

Insider Buying and Selling at Synchrony Financial

In related 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 transaction of $3,651,107.34. Following the transaction, 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 sale was disclosed in a filing 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. Insiders own 0.36% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on SYF. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Synchrony Financial in a research report on Monday, April 20th. JPMorgan Chase & Co. lowered their price target on shares of Synchrony Financial from $84.00 to $73.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Truist Financial increased their price objective 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 downgraded Synchrony Financial from a “buy” rating to a “neutral” rating in a report on Wednesday, April 22nd. Finally, Wells Fargo & Company reduced their price target 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. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $86.05.

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.