Wedge Capital Management L L P NC Cuts Stock Position in Synchrony Financial $SYF

Wedge Capital Management L L P NC trimmed its holdings in Synchrony Financial (NYSE:SYF) by 23.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 427,143 shares of the financial services provider’s stock after selling 127,235 shares during the period. Wedge Capital Management L L P NC owned about 0.12% of Synchrony Financial worth $35,637,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Westside Investment Management Inc. grew its position in shares of Synchrony Financial by 100.0% during 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 in the last quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna purchased a new position in Synchrony Financial in the 2nd quarter worth approximately $26,000. FWL Investment Management LLC bought a new position in Synchrony Financial in the 3rd quarter worth approximately $26,000. Salomon & Ludwin LLC boosted its stake in Synchrony Financial by 54.9% in the 3rd quarter. Salomon & Ludwin LLC now owns 412 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 146 shares during the period. Finally, Palisade Asset Management LLC purchased a new stake in Synchrony Financial during the 3rd quarter valued at approximately $29,000. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial Price Performance

Synchrony Financial stock opened at $65.31 on Friday. The company has a market cap of $22.70 billion, a price-to-earnings ratio of 7.03, a PEG ratio of 0.59 and a beta of 1.42. The firm’s fifty day moving average is $70.73 and its 200 day moving average is $74.90. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.98. Synchrony Financial has a 52-week low of $40.54 and a 52-week high of $88.77.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data 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. 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 analysts’ expectations of $3.84 billion. During the same period last year, the company posted $1.91 EPS. The business’s revenue was down .2% on a year-over-year basis. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. Sell-side analysts forecast that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, February 6th were given 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 (DPR) is currently 12.92%.

Insider Activity at Synchrony Financial

In other news, insider Darrell Owens sold 3,865 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $67.71, for a total transaction of $261,699.15. Following the transaction, the insider owned 17,432 shares of the company’s stock, valued at approximately $1,180,320.72. The trade was a 18.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Alberto Casellas sold 14,399 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $67.71, for a total value of $974,956.29. Following the sale, the insider owned 50,331 shares in the company, valued at $3,407,912.01. The trade was a 22.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 379,928 shares of company stock valued at $26,170,764 over the last ninety days. 0.32% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Synchrony Financial from $95.00 to $98.00 and gave the stock an “outperform” rating in a report on Friday, January 2nd. Barclays reduced their price target on shares of Synchrony Financial from $101.00 to $93.00 and set an “overweight” rating on the stock in a report on Wednesday, January 28th. BTIG Research reiterated a “buy” rating and issued a $96.00 price target on shares of Synchrony Financial in a research note on Wednesday, March 11th. Wall Street Zen lowered Synchrony Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Wolfe Research assumed coverage on Synchrony Financial in a report on Monday, December 8th. They issued an “outperform” rating and a $92.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued 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 a consensus rating of “Moderate Buy” and a consensus price target of $86.42.

About Synchrony Financial

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.