Korea Investment CORP Sells 33,133 Shares of Synchrony Financial $SYF

Korea Investment CORP lessened its position in shares of Synchrony Financial (NYSE:SYF) by 6.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 446,943 shares of the financial services provider’s stock after selling 33,133 shares during the quarter. Korea Investment CORP’s holdings in Synchrony Financial were worth $31,755,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Colonial Trust Co SC boosted its stake in shares of Synchrony Financial by 40.2% in the 3rd quarter. Colonial Trust Co SC now owns 474 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 136 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in Synchrony Financial by 15.1% during the second quarter. Parkside Financial Bank & Trust now owns 1,106 shares of the financial services provider’s stock worth $74,000 after buying an additional 145 shares during the last quarter. United Community Bank raised its stake in Synchrony Financial by 3.4% during the third quarter. United Community Bank now owns 4,469 shares of the financial services provider’s stock worth $318,000 after buying an additional 145 shares during the last quarter. Salomon & Ludwin LLC lifted its holdings in Synchrony Financial by 54.9% in the third quarter. Salomon & Ludwin LLC now owns 412 shares of the financial services provider’s stock valued at $29,000 after buying an additional 146 shares during the period. Finally, SYM FINANCIAL Corp lifted its holdings in Synchrony Financial by 3.0% in the third quarter. SYM FINANCIAL Corp now owns 5,126 shares of the financial services provider’s stock valued at $364,000 after buying an additional 148 shares during the period. Institutional investors and hedge funds own 96.48% of the company’s stock.

Synchrony Financial Trading Up 0.7%

SYF opened at $67.15 on Tuesday. The company has a fifty day moving average price of $75.70 and a two-hundred day moving average price of $75.88. Synchrony Financial has a 1-year low of $40.54 and a 1-year high of $88.77. The company has a market cap of $23.34 billion, a P/E ratio of 7.23, a price-to-earnings-growth ratio of 0.59 and a beta of 1.42. 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 (NYSE:SYF) last issued its 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 during the quarter, compared to the consensus estimate of $3.84 billion. During the same period last year, the business posted $1.91 EPS. The firm’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. Analysts predict that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, February 6th were issued a $0.30 dividend. The ex-dividend date was Friday, February 6th. This represents a $1.20 annualized dividend and a yield of 1.8%. Synchrony Financial’s dividend payout ratio is presently 12.92%.

Insider Transactions at Synchrony Financial

In other news, insider Brian J. Sr. Wenzel sold 47,112 shares of the company’s stock in a transaction that occurred 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 directly 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian D. Doubles sold 217,554 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $68.68, for a total value of $14,941,608.72. Following the completion of the transaction, the insider owned 829,222 shares in the company, valued at approximately $56,950,966.96. This represents a 20.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 379,928 shares of company stock valued at $26,170,764. Company insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

SYF has been the subject of a number of recent analyst reports. BTIG Research decreased their price target on Synchrony Financial from $100.00 to $96.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. Royal Bank Of Canada dropped their price objective on Synchrony Financial from $91.00 to $85.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 28th. Wolfe Research began coverage on Synchrony Financial in a research report on Monday, December 8th. They set an “outperform” rating and a $92.00 target price on the stock. Wells Fargo & Company raised their target price on Synchrony Financial from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Finally, Robert W. Baird upgraded Synchrony Financial from a “neutral” rating to an “outperform” rating and set a $83.00 target price for the company in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Synchrony Financial currently has an average rating of “Moderate Buy” and an average target price of $87.11.

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.