Public Employees Retirement System of Ohio Has $17.35 Million Stake in Synchrony Financial $SYF

Public Employees Retirement System of Ohio reduced its stake in shares of Synchrony Financial (NYSE:SYF) by 8.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 255,077 shares of the financial services provider’s stock after selling 23,472 shares during the period. Public Employees Retirement System of Ohio’s holdings in Synchrony Financial were worth $17,350,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the stock. FWL Investment Management LLC purchased a new position in shares of Synchrony Financial during the third quarter valued at approximately $26,000. Fideuram Asset Management Ireland dac bought a new stake in Synchrony Financial during the fourth quarter worth $29,000. Advisors Asset Management Inc. purchased a new stake in Synchrony Financial in the 4th quarter valued at $29,000. Palisade Asset Management LLC purchased a new stake in Synchrony Financial in the 3rd quarter valued at $29,000. Finally, Reflection Asset Management bought a new position in Synchrony Financial during the 4th quarter valued at $31,000. 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 dated Friday, May 15th. The shares were sold at an average price of $71.23, for a total value of $3,651,107.34. Following the transaction, the insider directly owned 132,664 shares in the company, valued at $9,449,656.72. The trade was a 27.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.36% of the stock is currently owned by insiders.

Synchrony Financial Trading Up 1.5%

Shares of Synchrony Financial stock opened at $72.88 on Friday. The firm has a market cap of $24.51 billion, a PE ratio of 7.47, a P/E/G ratio of 0.68 and a beta of 1.32. Synchrony Financial has a 1 year low of $63.08 and a 1 year high of $88.77. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.22 and a quick ratio of 1.24. The stock has a fifty day moving average price of $73.30 and a 200-day moving average price of $73.06.

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

Synchrony Financial announced that its board has approved a share repurchase program on Tuesday, April 21st that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Synchrony Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Wednesday, August 5th will be given a $0.34 dividend. This is a positive change from Synchrony Financial’s previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, August 5th. Synchrony Financial’s payout ratio is presently 12.30%.

Analyst Ratings Changes

SYF has been the subject of several recent analyst reports. Truist Financial upped their target price on shares of Synchrony Financial from $71.00 to $82.00 and gave the stock a “hold” rating in a research note on Thursday, April 23rd. Barclays raised their price target on shares of Synchrony Financial from $82.00 to $93.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. 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 report on Tuesday, July 7th. Robert W. Baird upped their price objective on shares of Synchrony Financial from $86.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, TD Cowen increased their price objective on shares of Synchrony Financial from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Twelve investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $86.89.

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.