Bleakley Financial Group LLC Purchases New Shares in Synchrony Financial $SYF

Bleakley Financial Group LLC purchased a new stake in Synchrony Financial (NYSE:SYF) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 11,238 shares of the financial services provider’s stock, valued at approximately $938,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Westside Investment Management Inc. lifted its holdings in Synchrony Financial by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 358 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 179 shares in the last quarter. FWL Investment Management LLC purchased a new position in shares of Synchrony Financial during the 3rd quarter worth $26,000. Palisade Asset Management LLC purchased a new position in shares of Synchrony Financial during the 3rd quarter worth $29,000. Colonial Trust Co SC increased its position in shares of Synchrony Financial by 40.2% during the 3rd quarter. Colonial Trust Co SC now owns 474 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 136 shares during the last quarter. Finally, CoreCap Advisors LLC increased its position in shares of Synchrony Financial by 34.4% during the 4th quarter. CoreCap Advisors LLC now owns 543 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 139 shares during the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.

Synchrony Financial Price Performance

SYF stock opened at $71.44 on Friday. The business has a 50 day moving average price of $71.92 and a 200 day moving average price of $74.76. The stock has a market cap of $24.03 billion, a price-to-earnings ratio of 7.39, a PEG ratio of 0.62 and a beta of 1.37. Synchrony Financial has a fifty-two week low of $56.51 and a fifty-two week high of $88.77. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.08.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.13. Synchrony Financial had a return on equity of 23.41% and a net margin of 15.80%.The company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.81 billion. During the same quarter in the previous year, the business earned $1.89 earnings per share. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. Equities research analysts anticipate that Synchrony Financial will post 9.29 earnings per share for the current fiscal year.

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

Synchrony Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Tuesday, May 5th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, May 5th. Synchrony Financial’s dividend payout ratio is currently 12.41%.

Insider Activity

In related news, insider Brian J. Sr. Wenzel sold 47,112 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $67.16, for a total transaction of $3,164,041.92. Following the transaction, the insider owned 64,221 shares of the company’s stock, valued at $4,313,082.36. This represents a 42.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Bart Schaller sold 12,980 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $67.71, for a total value of $878,875.80. Following the transaction, the insider directly owned 34,035 shares in the company, valued at $2,304,509.85. This represents a 27.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 374,630 shares of company stock valued at $25,731,741 over the last three months. 0.36% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SYF shares. Truist Financial raised their price objective on Synchrony Financial from $71.00 to $82.00 and gave the stock a “hold” rating in a research report on Thursday, April 23rd. JPMorgan Chase & Co. dropped their target price on Synchrony Financial from $84.00 to $73.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Synchrony Financial in a research report on Monday, April 20th. Loop Capital began coverage on Synchrony Financial in a research report on Friday, May 22nd. They issued a “hold” rating and a $81.00 target price for the company. Finally, BTIG Research downgraded Synchrony Financial from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.05.

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.