Bokf Na Sells 64,182 Shares of Synchrony Financial $SYF

Bokf Na trimmed its holdings in shares of Synchrony Financial (NYSE:SYF) by 20.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 243,269 shares of the financial services provider’s stock after selling 64,182 shares during the period. Bokf Na’s holdings in Synchrony Financial were worth $20,296,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SYF. Donoghue Forlines LLC bought a new stake in Synchrony Financial in the 3rd quarter valued at about $2,064,000. Nordea Investment Management AB raised its stake in Synchrony Financial by 7.9% in the 3rd 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 period. Ritholtz Wealth Management raised its stake in Synchrony Financial by 73.8% in the 3rd 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 period. Strategic Investment Advisors MI raised its stake in Synchrony Financial by 43.2% in the 3rd 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 period. Finally, Bank of America Corp DE raised its stake in Synchrony Financial by 5.4% in the 3rd 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 period. 96.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Synchrony Financial

In other news, insider Brian J. Sr. Wenzel sold 47,112 shares of the business’s 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 completion of the transaction, the insider owned 64,221 shares of the company’s stock, valued at approximately $4,313,082.36. The trade was a 42.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Curtis Howse sold 7,882 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $67.71, for a total value of $533,690.22. Following the transaction, the insider directly owned 94,873 shares of the company’s stock, valued at $6,423,850.83. The trade was a 7.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 323,372 shares of company stock worth $22,080,634. 0.33% of the stock is owned by corporate insiders.

Synchrony Financial Stock Down 0.7%

SYF stock opened at $73.76 on Wednesday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $24.81 billion, a PE ratio of 7.63, a PEG ratio of 0.65 and a beta of 1.37. Synchrony Financial has a twelve month low of $52.99 and a twelve month high of $88.77. The stock has a 50-day simple moving average of $70.44 and a two-hundred day simple moving average of $74.98.

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

Synchrony Financial declared that its Board of Directors has approved a stock buyback program on Tuesday, April 21st that allows the company to buyback $0.00 in shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Synchrony Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, May 5th. Synchrony Financial’s payout ratio is presently 12.41%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SYF shares. Royal Bank Of Canada lowered 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. JPMorgan Chase & Co. lowered their price objective on Synchrony Financial from $84.00 to $73.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Barclays boosted their price objective on Synchrony Financial from $82.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. BTIG Research cut Synchrony Financial from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 22nd. Finally, Compass Point upgraded Synchrony Financial from a “neutral” rating to a “buy” rating and set a $96.00 price objective on the stock in a research note on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Synchrony Financial presently has a consensus rating of “Moderate Buy” and an average target price of $86.32.

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.