The Manufacturers Life Insurance Company Sells 26,419 Shares of Synchrony Financial $SYF

The Manufacturers Life Insurance Company lessened its holdings in Synchrony Financial (NYSE:SYF) by 12.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 178,139 shares of the financial services provider’s stock after selling 26,419 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Synchrony Financial were worth $12,117,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quantinno Capital Management LP lifted its stake in Synchrony Financial by 7.7% during the first quarter. Quantinno Capital Management LP now owns 902,031 shares of the financial services provider’s stock worth $61,356,000 after purchasing an additional 64,196 shares during the period. Gateway Wealth Partners LLC bought a new stake in Synchrony Financial in the first quarter valued at $1,170,000. Weiss Asset Management LP lifted its holdings in shares of Synchrony Financial by 844.8% during the first quarter. Weiss Asset Management LP now owns 243,486 shares of the financial services provider’s stock valued at $16,562,000 after acquiring an additional 217,716 shares during the period. OMERS ADMINISTRATION Corp boosted its stake in shares of Synchrony Financial by 26.8% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 18,553 shares of the financial services provider’s stock valued at $1,262,000 after purchasing an additional 3,925 shares in the last quarter. Finally, Waverly Advisors LLC grew its holdings in shares of Synchrony Financial by 23.2% in the 1st quarter. Waverly Advisors LLC now owns 10,105 shares of the financial services provider’s stock worth $687,000 after purchasing an additional 1,901 shares during the last quarter. 96.48% of the stock is owned by institutional investors.

Key Synchrony Financial News

Here are the key news stories impacting Synchrony Financial this week:

• Positive Sentiment: Long-term earnings outlook improved: Zacks Research raised its FY2028 EPS forecast to $11.57 from $10.89 and increased its FY2026 estimate slightly to $9.35 from $9.33. The FY2026 figure is in line with the broader consensus forecast. Zacks Research earnings estimates
• Neutral Sentiment: Synchrony issued $1.1 billion of senior notes: The financing, launched under an underwriting agreement dated July 28, provides additional capital but also increases the company’s debt obligations and future interest expense. Synchrony Financial Issues $1.1 Billion Senior Notes
• Neutral Sentiment: Truist maintained its Hold rating: The reaffirmation indicates no change in the analyst’s view, limiting the potential for a fresh positive catalyst. Truist Financial Reaffirms Hold Rating
• Negative Sentiment: Several near-term EPS forecasts were cut: Zacks lowered its Q3 2026 estimate to $2.40 from $2.55, Q1 2027 to $2.32 from $2.42, Q3 2027 to $2.93 from $3.02, and Q1 2028 to $2.63 from $2.67. These reductions suggest some caution about Synchrony’s nearer-term earnings momentum, despite the stable $9.35 FY2026 consensus forecast.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SYF. UBS Group raised their price objective on shares of Synchrony Financial from $77.00 to $84.00 and gave the stock a “neutral” rating in a report on Tuesday, July 7th. TD Cowen raised their price objective on shares of Synchrony Financial from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. BTIG Research cut shares of Synchrony Financial from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 22nd. Barclays upped their price target on Synchrony Financial from $82.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Finally, Royal Bank Of Canada lowered their price target on shares of Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 22nd. Twelve equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Synchrony Financial currently has an average rating of “Moderate Buy” and a consensus target price of $87.72.

Synchrony Financial Stock Up 0.0%

NYSE:SYF opened at $75.82 on Monday. The stock has a market cap of $24.67 billion, a price-to-earnings ratio of 7.77, a PEG ratio of 0.71 and a beta of 1.32. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.08. The stock has a 50-day moving average price of $73.78 and a two-hundred day moving average price of $72.61. Synchrony Financial has a 1 year low of $63.08 and a 1 year high of $88.77.

Synchrony Financial (NYSE:SYF) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.45. Synchrony Financial had a return on equity of 23.09% and a net margin of 15.44%.The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the prior year, the business earned $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, equities analysts expect that Synchrony Financial will post 9.35 earnings per share for the current year.

Synchrony Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Wednesday, August 5th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.8%. The ex-dividend date is Wednesday, August 5th. This is an increase from Synchrony Financial’s previous quarterly dividend of $0.30. Synchrony Financial’s dividend payout ratio (DPR) is presently 12.30%.

Synchrony Financial announced that its Board of Directors has initiated a stock buyback plan on Tuesday, April 21st that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Insider Activity

In related news, insider Jonathan S. Mothner sold 51,258 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $71.23, for a total transaction of $3,651,107.34. Following the completion of the transaction, the insider directly owned 132,664 shares of the company’s stock, valued at approximately $9,449,656.72. This represents a 27.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.36% of the company’s stock.

Synchrony Financial 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.