Synchrony Financial (NYSE:SYF) Director Arthur Coviello Jr Sells 4,000 Shares

Synchrony Financial (NYSE:SYF) Director Arthur Coviello, Jr. sold 4,000 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $72.32, for a total transaction of $289,280.00. Following the transaction, the director directly owned 32,444 shares in the company, valued at $2,346,350.08. The trade was a 10.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Synchrony Financial Stock Up 1.8%

Shares of NYSE:SYF traded up $1.35 on Wednesday, reaching $75.25. The company had a trading volume of 5,108,006 shares, compared to its average volume of 5,141,314. The stock has a market capitalization of $27.10 billion, a P/E ratio of 8.10, 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 stock has a 50-day moving average price of $80.89 and a 200 day moving average price of $75.78. Synchrony Financial has a twelve month low of $40.54 and a twelve month high of $88.77.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $2.18 EPS for the quarter, beating the consensus estimate of $2.02 by $0.16. Synchrony Financial had a return on equity of 23.07% and a net margin of 15.72%.The company had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.84 billion. During the same quarter last 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. On average, equities analysts expect that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Dividend Announcement

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

Synchrony Financial declared that its Board of Directors has approved a stock 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 buy up to 3.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

SYF has been the topic of several research analyst reports. Hsbc Global Res raised Synchrony Financial from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 9th. BTIG Research decreased their target price on Synchrony Financial from $100.00 to $96.00 and set a “buy” rating for the company in a research note on Tuesday, January 27th. Truist Financial lowered their target price on Synchrony Financial from $92.00 to $84.00 and set a “hold” rating on the stock in a report on Thursday, January 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Synchrony Financial in a report on Wednesday, January 21st. Finally, Robert W. Baird cut Synchrony Financial from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.05.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SYF. Westside Investment Management Inc. lifted its position in Synchrony Financial by 100.0% in the third quarter. Westside Investment Management Inc. now owns 358 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 179 shares during the period. FWL Investment Management LLC acquired a new position in shares of Synchrony Financial in the 3rd quarter valued at $26,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna bought a new position in shares of Synchrony Financial during the 2nd quarter worth about $26,000. Palisade Asset Management LLC bought a new position in shares of Synchrony Financial during the 3rd quarter worth about $29,000. Finally, Salomon & Ludwin LLC boosted its position in shares of Synchrony Financial by 54.9% during the 3rd quarter. Salomon & Ludwin LLC now owns 412 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 146 shares in the last quarter. 96.48% of the stock is currently owned by institutional investors and hedge funds.

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.