Synchrony Financial $SYF Shares Sold by Heritage Investors Management Corp

Heritage Investors Management Corp lessened its stake in Synchrony Financial (NYSE:SYF) by 6.2% in the third quarter, HoldingsChannel.com reports. The firm owned 425,057 shares of the financial services provider’s stock after selling 28,241 shares during the quarter. Heritage Investors Management Corp’s holdings in Synchrony Financial were worth $30,200,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Norges Bank acquired a new position in Synchrony Financial during the second quarter worth about $299,360,000. Bank of America Corp DE grew its holdings in shares of Synchrony Financial by 34.6% in the 2nd quarter. Bank of America Corp DE now owns 13,595,381 shares of the financial services provider’s stock worth $907,356,000 after acquiring an additional 3,494,741 shares during the period. Voya Investment Management LLC increased its stake in Synchrony Financial by 149.4% in the 3rd quarter. Voya Investment Management LLC now owns 1,803,690 shares of the financial services provider’s stock valued at $127,844,000 after purchasing an additional 1,080,389 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Synchrony Financial during the second quarter worth $64,429,000. Finally, Massachusetts Financial Services Co. MA boosted its position in Synchrony Financial by 34.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,941,247 shares of the financial services provider’s stock worth $196,299,000 after purchasing an additional 761,263 shares in the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.

Wall Street Analysts Forecast Growth

SYF has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price target on Synchrony Financial from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. Wolfe Research initiated coverage on shares of Synchrony Financial in a report on Monday, December 8th. They set an “outperform” rating and a $92.00 target price for the company. Truist Financial reduced their price target on shares of Synchrony Financial from $92.00 to $84.00 and set a “hold” rating on the stock in a report on Thursday, January 29th. 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. Finally, BTIG Research cut their price objective on Synchrony Financial from $100.00 to $96.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $87.05.

Synchrony Financial Stock Performance

NYSE SYF opened at $73.53 on Tuesday. The business’s 50-day moving average price is $80.94 and its 200 day moving average price is $75.75. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.98. Synchrony Financial has a twelve month low of $40.54 and a twelve month high of $88.77. The company 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 (NYSE:SYF) last posted its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.16. Synchrony Financial had a net margin of 15.72% and a return on equity of 23.07%. The company had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.84 billion. During the same quarter in the prior year, the company posted $1.91 EPS. The company’s quarterly revenue was down .2% compared to the same quarter last year. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. On average, research analysts predict that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, February 6th. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. Synchrony Financial’s payout ratio is currently 12.92%.

Synchrony Financial declared that its board has approved a share repurchase program on Wednesday, October 15th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to repurchase up to 3.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other news, insider Jonathan S. Mothner sold 32,000 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $72.80, for a total transaction of $2,329,600.00. Following the completion of the sale, the insider directly owned 127,100 shares in the company, valued at $9,252,880. This represents a 20.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.33% of the stock is owned by corporate insiders.

Synchrony Financial Company 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.