Klein Pavlis & Peasley Financial Inc. Makes New Investment in Synchrony Financial $SYF

Klein Pavlis & Peasley Financial Inc. purchased a new stake in shares of Synchrony Financial (NYSE:SYF) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 14,691 shares of the financial services provider’s stock, valued at approximately $999,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in Synchrony Financial during the fourth quarter valued at about $383,231,000. Bank of America Corp DE raised its position in Synchrony Financial by 34.6% in the second quarter. Bank of America Corp DE now owns 13,595,381 shares of the financial services provider’s stock worth $907,356,000 after acquiring an additional 3,494,741 shares in the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in Synchrony Financial in the 4th quarter valued at about $84,494,000. Worldquant Millennium Advisors LLC lifted its holdings in Synchrony Financial by 222.5% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 937,296 shares of the financial services provider’s stock valued at $62,555,000 after acquiring an additional 646,642 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of Synchrony Financial by 13.0% in the 4th quarter. Nordea Investment Management AB now owns 5,134,903 shares of the financial services provider’s stock worth $431,999,000 after purchasing an additional 592,567 shares during the last quarter. Institutional investors own 96.48% of the company’s stock.

Insiders Place Their Bets

In other Synchrony Financial news, insider Jonathan S. Mothner sold 51,258 shares of the business’s stock in a transaction on 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 sale, the insider directly owned 132,664 shares of the company’s stock, valued at $9,449,656.72. The trade was a 27.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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

A number of analysts recently commented on SYF shares. JPMorgan Chase & Co. dropped their target price on shares of Synchrony Financial from $84.00 to $73.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Weiss Ratings restated a “buy (b-)” rating on shares of Synchrony Financial in a report on Monday, April 20th. Wells Fargo & Company decreased 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. Robert W. Baird upped their price target on Synchrony Financial from $83.00 to $86.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Finally, BTIG Research lowered Synchrony Financial from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 22nd. One research 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $86.05.

Synchrony Financial Price Performance

SYF stock opened at $78.27 on Tuesday. Synchrony Financial has a one year low of $63.08 and a one year high of $88.77. The firm has a 50-day moving average of $73.68 and a two-hundred day moving average of $74.40. The firm has a market capitalization of $26.33 billion, a PE ratio of 8.09, a P/E/G ratio of 0.69 and a beta of 1.33. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.08.

Synchrony Financial (NYSE:SYF) last released its earnings results on Tuesday, April 21st. The financial services provider reported $2.27 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.81 billion. During the same period last year, the firm posted $1.89 earnings per share. 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. On average, analysts forecast that Synchrony Financial will post 9.34 earnings per share for the current year.

Synchrony Financial announced that its Board of Directors has initiated 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 purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are 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 dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, May 5th. Synchrony Financial’s payout ratio is presently 12.41%.

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.