Synchrony Financial $SYF Position Trimmed by Allianz Asset Management GmbH

Allianz Asset Management GmbH reduced its holdings in Synchrony Financial (NYSE:SYF) by 6.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,890,546 shares of the financial services provider’s stock after selling 313,977 shares during the quarter. Allianz Asset Management GmbH’s holdings in Synchrony Financial were worth $347,473,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna bought a new position in Synchrony Financial in the second quarter worth about $26,000. Salomon & Ludwin LLC grew its holdings in shares of Synchrony Financial by 54.9% during the third quarter. Salomon & Ludwin LLC now owns 412 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 146 shares during the last quarter. True Wealth Design LLC raised its position in shares of Synchrony Financial by 5,787.5% during the 2nd quarter. True Wealth Design LLC now owns 471 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 463 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of Synchrony Financial during the 3rd quarter worth approximately $35,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Synchrony Financial in the 2nd quarter worth approximately $39,000. 96.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Jonathan S. Mothner sold 32,000 shares of the business’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $72.80, for a total value of $2,329,600.00. Following the sale, the insider owned 127,100 shares of the company’s stock, valued at approximately $9,252,880. The trade was a 20.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.33% of the company’s stock.

Synchrony Financial Stock Performance

Shares of SYF opened at $73.53 on Tuesday. The firm has a market capitalization of $26.48 billion, a PE ratio of 7.91, a P/E/G ratio of 0.51 and a beta of 1.43. 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 firm has a 50-day moving average price of $80.94 and a 200 day moving average price of $75.75. 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 quarterly earnings results on Tuesday, January 27th. The financial services provider reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.16. The company had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.84 billion. Synchrony Financial had a net margin of 15.72% and a return on equity of 23.07%. Synchrony Financial’s revenue was down .2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.91 EPS. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. On average, sell-side analysts anticipate that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial announced that its Board of Directors has approved a stock repurchase program on Wednesday, October 15th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to repurchase up to 3.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management 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. Shareholders 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 yield of 1.6%. The ex-dividend date of this dividend is Friday, February 6th. Synchrony Financial’s dividend payout ratio (DPR) is presently 12.92%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Truist Financial lowered their price objective on Synchrony Financial from $92.00 to $84.00 and set a “hold” rating for the company in a research note on Thursday, January 29th. BTIG Research reduced their price target on shares of Synchrony Financial from $100.00 to $96.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. Robert W. Baird lowered shares of Synchrony Financial from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. JPMorgan Chase & Co. cut their price objective on shares of Synchrony Financial from $86.00 to $84.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 28th. Finally, Royal Bank Of Canada reduced their target price on shares of Synchrony Financial from $91.00 to $85.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Synchrony Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.05.

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.