Heritage Investors Management Corp Reduces Position in Synchrony Financial $SYF

Heritage Investors Management Corp reduced its position in shares of Synchrony Financial (NYSE:SYF) by 6.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 425,057 shares of the financial services provider’s stock after selling 28,241 shares during the period. Heritage Investors Management Corp owned about 0.12% of Synchrony Financial worth $30,200,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Bank of America Corp DE lifted its stake in 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 worth $907,356,000 after purchasing an additional 3,494,741 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Synchrony Financial by 8.3% during the second quarter. Ameriprise Financial Inc. now owns 5,307,077 shares of the financial services provider’s stock worth $354,194,000 after purchasing an additional 406,796 shares in the last quarter. Nordea Investment Management AB raised its holdings in Synchrony Financial by 7.9% during the third quarter. Nordea Investment Management AB now owns 4,542,336 shares of the financial services provider’s stock worth $318,236,000 after purchasing an additional 333,093 shares in the last quarter. Norges Bank purchased a new stake in shares of Synchrony Financial during the 2nd quarter worth approximately $299,360,000. Finally, AQR Capital Management LLC boosted its holdings in shares of Synchrony Financial by 6.1% in the 2nd quarter. AQR Capital Management LLC now owns 4,266,366 shares of the financial services provider’s stock valued at $284,737,000 after buying an additional 245,527 shares in the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Insider Transactions at Synchrony Financial

In related news, insider Jonathan S. Mothner sold 32,000 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $72.80, for a total value of $2,329,600.00. Following the completion of the sale, the insider owned 127,100 shares in the company, valued at $9,252,880. This trade represents a 20.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.33% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently commented on SYF. Keefe, Bruyette & Woods lifted their price target on shares of Synchrony Financial from $95.00 to $98.00 and gave the stock an “outperform” rating in a research note on Friday, January 2nd. Hsbc Global Res raised Synchrony Financial from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th. Royal Bank Of Canada reduced their target price on Synchrony Financial from $91.00 to $85.00 and set a “sector perform” rating for the company in a report on Wednesday, January 28th. Wall Street Zen cut Synchrony Financial from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Compass Point upgraded Synchrony Financial from a “neutral” rating to a “buy” rating and set a $96.00 price target on the stock in a research note on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Synchrony Financial currently has a consensus rating of “Moderate Buy” and an average price target of $87.05.

Synchrony Financial Stock Performance

Shares of SYF stock opened at $73.53 on Tuesday. The stock’s 50-day moving average price is $80.94 and its 200 day moving average price is $75.75. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.98. The stock has a market capitalization 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 has a 52-week low of $40.54 and a 52-week high of $88.77.

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

Synchrony Financial announced that its board has approved a stock repurchase plan on Wednesday, October 15th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to repurchase up to 3.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Synchrony Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Friday, February 6th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, February 6th. Synchrony Financial’s payout ratio is 12.92%.

About Synchrony Financial

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.