Synchrony Financial $SYF Shares Sold by Simplicity Wealth LLC

Simplicity Wealth LLC trimmed its stake in Synchrony Financial (NYSE:SYF) by 55.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 11,256 shares of the financial services provider’s stock after selling 13,998 shares during the quarter. Simplicity Wealth LLC’s holdings in Synchrony Financial were worth $939,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Donoghue Forlines LLC bought a new position in Synchrony Financial in the third quarter valued at approximately $2,064,000. Nordea Investment Management AB boosted its stake in Synchrony Financial by 7.9% in the third quarter. Nordea Investment Management AB now owns 4,542,336 shares of the financial services provider’s stock valued at $318,236,000 after acquiring an additional 333,093 shares during the last quarter. Ritholtz Wealth Management boosted its stake in Synchrony Financial by 73.8% in the third quarter. Ritholtz Wealth Management now owns 77,220 shares of the financial services provider’s stock valued at $5,486,000 after acquiring an additional 32,802 shares during the last quarter. Strategic Investment Advisors MI boosted its stake in Synchrony Financial by 43.2% in the third quarter. Strategic Investment Advisors MI now owns 68,841 shares of the financial services provider’s stock valued at $4,890,000 after acquiring an additional 20,778 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in Synchrony Financial by 5.4% in 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 acquiring an additional 739,832 shares during the last quarter. 96.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Synchrony Financial

In related news, insider Bart Schaller sold 12,980 shares of Synchrony Financial stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $67.71, for a total transaction of $878,875.80. Following the completion of the sale, the insider owned 34,035 shares of the company’s stock, valued at approximately $2,304,509.85. The trade was a 27.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Brian J. Sr. Wenzel sold 47,112 shares of Synchrony Financial stock in a transaction dated 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 sale, the insider directly owned 64,221 shares of the company’s stock, valued at $4,313,082.36. The trade was a 42.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 379,928 shares of company stock worth $26,170,764 over the last ninety days. Company insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on SYF. JPMorgan Chase & Co. reduced their price objective on shares of Synchrony Financial from $84.00 to $73.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Keefe, Bruyette & Woods lifted their price target on shares of Synchrony Financial from $95.00 to $98.00 and gave the stock an “outperform” rating in a research report on Friday, January 2nd. Barclays lifted their price target on shares of Synchrony Financial from $82.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Robert W. Baird lifted their price target on shares of Synchrony Financial from $83.00 to $86.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Finally, Wall Street Zen cut shares of Synchrony Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Synchrony Financial currently has an average rating of “Moderate Buy” and an average target price of $86.32.

Synchrony Financial Trading Up 1.5%

SYF opened at $76.23 on Friday. The stock has a market capitalization of $25.68 billion, a P/E ratio of 7.88, a P/E/G ratio of 0.65 and a beta of 1.39. Synchrony Financial has a 12 month low of $51.72 and a 12 month high of $88.77. The firm’s fifty day simple moving average is $70.43 and its 200 day simple moving average is $74.92. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.08.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.13. Synchrony Financial had a net margin of 15.80% and a return on equity of 23.41%. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same period in the previous year, the business earned $1.89 EPS. The company’s revenue was down 7.4% compared to the same quarter last year. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. As a group, research analysts anticipate that Synchrony Financial will post 9.29 EPS for the current fiscal year.

Synchrony Financial declared that its Board of Directors has initiated a share buyback program on Tuesday, April 21st that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Synchrony Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, May 5th. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. Synchrony Financial’s payout ratio is currently 12.41%.

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.