Strategic Investment Advisors MI Has $4.89 Million Stake in Synchrony Financial $SYF

Strategic Investment Advisors MI increased its position in Synchrony Financial (NYSE:SYF) by 43.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,841 shares of the financial services provider’s stock after purchasing an additional 20,778 shares during the period. Strategic Investment Advisors MI’s holdings in Synchrony Financial were worth $4,890,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. State Street Corp raised its holdings in Synchrony Financial by 1.0% during the third quarter. State Street Corp now owns 19,080,903 shares of the financial services provider’s stock worth $1,355,698,000 after buying an additional 191,920 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Synchrony Financial by 5.4% during the third quarter. Bank of America Corp DE now owns 14,335,213 shares of the financial services provider’s stock valued at $1,018,517,000 after buying an additional 739,832 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Synchrony Financial by 8.3% during the second quarter. Ameriprise Financial Inc. now owns 5,307,077 shares of the financial services provider’s stock valued at $354,194,000 after buying an additional 406,796 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Synchrony Financial by 7.9% during the third quarter. Nordea Investment Management AB now owns 4,542,336 shares of the financial services provider’s stock worth $318,236,000 after acquiring an additional 333,093 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Synchrony Financial in the 2nd quarter worth about $299,360,000. Institutional investors and hedge funds own 96.48% of the company’s stock.

Synchrony Financial Stock Down 0.3%

Synchrony Financial stock opened at $64.96 on Thursday. Synchrony Financial has a fifty-two week low of $40.54 and a fifty-two week high of $88.77. The stock has a market cap of $22.58 billion, a PE ratio of 6.99, a price-to-earnings-growth ratio of 0.58 and a beta of 1.42. The firm’s 50-day simple moving average is $72.79 and its 200 day simple moving average is $75.35. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.24 and a current ratio of 1.24.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $2.18 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.84 billion. During the same period in the prior year, the firm posted $1.91 EPS. The firm’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. Research analysts predict that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

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

Analyst Upgrades and Downgrades

SYF has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price target 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. Robert W. Baird raised Synchrony Financial from a “neutral” rating to an “outperform” rating and set a $83.00 price objective for the company in a report on Friday, February 13th. Wolfe Research started coverage on Synchrony Financial in a research note on Monday, December 8th. They issued an “outperform” rating and a $92.00 price objective for the company. TD Cowen raised their target price on Synchrony Financial from $91.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Finally, Royal Bank Of Canada cut their target price on Synchrony Financial from $91.00 to $85.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 28th. One equities research 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 stock. According to data from MarketBeat, Synchrony Financial currently has an average rating of “Moderate Buy” and an average target price of $87.11.

Insider Buying and Selling

In related news, insider Curtis Howse sold 52,556 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $72.32, for a total transaction of $3,800,849.92. Following the completion of the sale, the insider directly owned 94,196 shares of the company’s stock, valued at approximately $6,812,254.72. This trade represents a 35.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brian J. Sr. Wenzel sold 47,112 shares of Synchrony Financial stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $67.16, for a total value of $3,164,041.92. Following the sale, the insider owned 64,221 shares in the company, valued at $4,313,082.36. This trade represents a 42.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 379,928 shares of company stock valued at $26,170,764 over the last quarter. Corporate insiders own 0.32% of the company’s stock.

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.