Sei Investments Co. Buys 59,703 Shares of Synchrony Financial $SYF

Sei Investments Co. boosted its position in shares of Synchrony Financial (NYSE:SYF) by 7.6% during the 1st quarter, Holdings Channel reports. The institutional investor owned 844,068 shares of the financial services provider’s stock after purchasing an additional 59,703 shares during the quarter. Sei Investments Co.’s holdings in Synchrony Financial were worth $57,412,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Synchrony Financial in the 4th quarter valued at $383,231,000. Bank of America Corp DE lifted its stake in shares of Synchrony Financial by 34.6% during the second quarter. Bank of America Corp DE now owns 13,595,381 shares of the financial services provider’s stock valued at $907,356,000 after acquiring an additional 3,494,741 shares during the period. PFA Pension Forsikringsaktieselskab bought a new position in Synchrony Financial in the fourth quarter valued at about $84,494,000. Worldquant Millennium Advisors LLC boosted its holdings in Synchrony Financial by 222.5% in the second 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, Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in Synchrony Financial in the first quarter worth about $38,081,000. 96.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Truist Financial boosted their price objective on Synchrony Financial from $71.00 to $82.00 and gave the stock a “hold” rating in a report on Thursday, April 23rd. Royal Bank Of Canada reduced their target price on shares of Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Robert W. Baird lifted their price target on shares of Synchrony Financial from $86.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday. UBS Group boosted their price target on shares of Synchrony Financial from $77.00 to $84.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 7th. Finally, HSBC increased their price objective on shares of Synchrony Financial from $93.00 to $97.00 and gave the company a “buy” rating in a report on Monday, July 13th. Twelve analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.89.

Insider Activity

In related news, insider Jonathan S. Mothner sold 51,258 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $71.23, for a total value of $3,651,107.34. Following the completion of the transaction, the insider directly owned 132,664 shares in the company, valued at approximately $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 can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.36% of the company’s stock.

Synchrony Financial Stock Performance

Shares of Synchrony Financial stock opened at $72.88 on Friday. The company has a market capitalization of $24.51 billion, a PE ratio of 7.47, a PEG ratio of 0.68 and a beta of 1.32. Synchrony Financial has a 12 month low of $63.08 and a 12 month high of $88.77. The company has a current ratio of 1.22, a quick ratio of 1.24 and a debt-to-equity ratio of 1.08. The stock’s fifty day simple moving average is $73.30 and its 200 day simple moving average is $73.06.

Synchrony Financial (NYSE:SYF) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.45. Synchrony Financial had a return on equity of 23.09% and a net margin of 15.44%.The firm had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the previous year, the firm earned $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. On average, research analysts predict that Synchrony Financial will post 9.35 EPS for the current year.

Synchrony Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Wednesday, August 5th will be issued a dividend of $0.34 per share. This is a boost from Synchrony Financial’s previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, August 5th. This represents a $1.36 annualized dividend and a dividend yield of 1.9%. Synchrony Financial’s dividend payout ratio (DPR) is presently 12.30%.

Synchrony Financial declared that its board has authorized a stock buyback plan on Tuesday, April 21st that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Synchrony Financial 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.