Cambria Investment Management L.P. Sells 37,833 Shares of Synchrony Financial $SYF

Cambria Investment Management L.P. trimmed its position in shares of Synchrony Financial (NYSE:SYF) by 16.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 194,293 shares of the financial services provider’s stock after selling 37,833 shares during the period. Synchrony Financial makes up approximately 0.8% of Cambria Investment Management L.P.’s investment portfolio, making the stock its 11th largest position. Cambria Investment Management L.P.’s holdings in Synchrony Financial were worth $13,805,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SYF. Westside Investment Management Inc. raised its position in shares of Synchrony Financial by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 358 shares of the financial services provider’s stock valued at $25,000 after buying an additional 179 shares in the last quarter. FWL Investment Management LLC acquired a new stake in shares of Synchrony Financial during the 3rd quarter worth approximately $26,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna acquired a new stake in shares of Synchrony Financial during the 2nd quarter worth approximately $26,000. Palisade Asset Management LLC bought a new position in Synchrony Financial in the third quarter valued at approximately $29,000. Finally, Salomon & Ludwin LLC increased its stake in Synchrony Financial by 54.9% in the third quarter. Salomon & Ludwin LLC now owns 412 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 146 shares during the last quarter. 96.48% of the stock is owned by institutional investors.

Synchrony Financial Stock Performance

Shares of Synchrony Financial stock opened at $65.14 on Wednesday. The company’s 50 day moving average price is $73.23 and its two-hundred day moving average price is $75.43. The firm has a market capitalization of $22.64 billion, a P/E ratio of 7.01, a P/E/G ratio of 0.57 and a beta of 1.42. Synchrony Financial has a fifty-two week low of $40.54 and a fifty-two week high of $88.77. 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 (NYSE:SYF) last announced its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $2.18 EPS 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 company had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.84 billion. During the same period in the prior year, the company earned $1.91 EPS. Synchrony Financial’s 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. On average, equities analysts forecast that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, February 6th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, February 6th. Synchrony Financial’s dividend payout ratio is presently 12.92%.

Insider Transactions at Synchrony Financial

In other news, insider Curtis Howse sold 52,556 shares of Synchrony Financial stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $72.32, for a total transaction of $3,800,849.92. Following the sale, the insider directly owned 94,196 shares of the company’s stock, valued at approximately $6,812,254.72. This trade represents a 35.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 stock was sold at an average price of $68.68, for a total value of $14,941,608.72. Following the sale, the insider owned 829,222 shares in the company, valued at approximately $56,950,966.96. This trade represents a 20.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 379,928 shares of company stock valued at $26,170,764. 0.33% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SYF has been the subject of several recent analyst reports. Barclays cut their target price on Synchrony Financial from $101.00 to $93.00 and set an “overweight” rating for the company in a research note on Wednesday, January 28th. JPMorgan Chase & Co. decreased their price target on Synchrony Financial from $86.00 to $84.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 28th. Weiss Ratings reissued a “buy (b-)” rating on shares of Synchrony Financial in a report on Wednesday, January 21st. Compass Point upgraded Synchrony Financial from a “neutral” rating to a “buy” rating and set a $96.00 price objective for the company in a research report on Wednesday, January 28th. Finally, Robert W. Baird raised Synchrony Financial from a “neutral” rating to an “outperform” rating and set a $83.00 price objective on the stock in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $87.11.

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.