Legal & General Group Plc Trims Stake in Synchrony Financial $SYF

Legal & General Group Plc reduced its holdings in Synchrony Financial (NYSE:SYF) by 0.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,161,943 shares of the financial services provider’s stock after selling 11,769 shares during the quarter. Legal & General Group Plc’s holdings in Synchrony Financial were worth $224,656,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Westside Investment Management Inc. boosted its position in shares of Synchrony Financial by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 358 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 179 shares during the last quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna bought a new position in shares of Synchrony Financial in the second quarter worth approximately $26,000. Salomon & Ludwin LLC increased its position in shares of Synchrony Financial by 54.9% in the third 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 last quarter. Colonial Trust Co SC raised its stake in Synchrony Financial by 40.2% in the third quarter. Colonial Trust Co SC now owns 474 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 136 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in Synchrony Financial during the third quarter valued at approximately $35,000. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Insider Buying and Selling at Synchrony Financial

In other Synchrony Financial news, insider Darrell Owens sold 3,865 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $67.71, for a total value of $261,699.15. Following the sale, the insider owned 17,432 shares of the company’s stock, valued at $1,180,320.72. This trade represents a 18.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian D. Doubles sold 217,554 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $68.68, for a total transaction of $14,941,608.72. Following the completion of the transaction, the insider owned 829,222 shares in the company, valued at $56,950,966.96. The trade was a 20.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 379,928 shares of company stock worth $26,170,764 over the last ninety days. 0.32% of the stock is owned by company insiders.

Synchrony Financial Price Performance

Shares of Synchrony Financial stock opened at $63.94 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.24 and a quick ratio of 1.24. Synchrony Financial has a one year low of $40.54 and a one year high of $88.77. The business’s 50 day simple moving average is $74.57 and its two-hundred day simple moving average is $75.67. The stock has a market capitalization of $22.22 billion, a P/E ratio of 6.88, a price-to-earnings-growth ratio of 0.58 and a beta of 1.42.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.16. Synchrony Financial had a return on equity of 23.07% and a net margin of 15.72%.The firm had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.84 billion. During the same quarter in the prior year, the firm posted $1.91 earnings per share. The business’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. Analysts forecast that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, February 6th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, February 6th. This represents a $1.20 annualized dividend and a yield of 1.9%. Synchrony Financial’s dividend payout ratio is presently 12.92%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SYF shares. Royal Bank Of Canada cut their price target on shares of Synchrony Financial from $91.00 to $85.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 28th. JPMorgan Chase & Co. dropped their price objective on shares of Synchrony Financial from $86.00 to $84.00 and set a “neutral” rating for the company in a report on Wednesday, January 28th. Truist Financial cut their target price on shares of Synchrony Financial from $92.00 to $84.00 and set a “hold” rating for the company in a research report on Thursday, January 29th. BTIG Research reissued a “buy” rating and issued a $96.00 target price on shares of Synchrony Financial in a research note on Wednesday. Finally, Barclays lowered their price target on Synchrony Financial from $101.00 to $93.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $87.11.

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.