Securian Asset Management Inc. Lowers Position in Synchrony Financial $SYF

Securian Asset Management Inc. decreased its position in shares of Synchrony Financial (NYSE:SYF) by 45.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,793 shares of the financial services provider’s stock after selling 8,174 shares during the quarter. Securian Asset Management Inc.’s holdings in Synchrony Financial were worth $817,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Westside Investment Management Inc. boosted its holdings in Synchrony Financial by 100.0% during the third quarter. Westside Investment Management Inc. now owns 358 shares of the financial services provider’s stock worth $25,000 after buying an additional 179 shares in the last quarter. FWL Investment Management LLC purchased a new position in Synchrony Financial in the third quarter valued at $26,000. Palisade Asset Management LLC purchased a new position in Synchrony Financial in the third quarter valued at $29,000. Geneos Wealth Management Inc. raised its position in shares of Synchrony Financial by 337.0% in the first quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 455 shares during the period. Finally, Colonial Trust Co SC boosted its stake in shares of Synchrony Financial by 40.2% during the 3rd quarter. Colonial Trust Co SC now owns 474 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 136 shares in the last quarter. 96.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Synchrony Financial

In other Synchrony Financial news, insider Curtis Howse sold 7,882 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $67.71, for a total value of $533,690.22. Following the completion of the sale, the insider owned 94,873 shares in the company, valued at approximately $6,423,850.83. This represents a 7.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian J. Sr. Wenzel sold 47,112 shares of the firm’s stock in a transaction that occurred on 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 directly owned 64,221 shares in the company, valued at $4,313,082.36. This trade represents a 42.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 323,372 shares of company stock worth $22,080,634 in the last 90 days. 0.36% of the stock is owned by insiders.

Synchrony Financial Stock Down 1.5%

NYSE SYF opened at $69.78 on Thursday. The business has a fifty day moving average price of $70.62 and a 200 day moving average price of $74.97. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market cap of $23.47 billion, a P/E ratio of 7.22, a P/E/G ratio of 0.62 and a beta of 1.37. Synchrony Financial has a one year low of $55.67 and a one year high of $88.77.

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

Synchrony Financial announced that its Board of Directors has initiated a share repurchase program on Tuesday, April 21st that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Synchrony Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Tuesday, May 5th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, May 5th. This represents a $1.20 dividend on an annualized basis and a yield of 1.7%. Synchrony Financial’s payout ratio is presently 12.41%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Barclays raised their target price on Synchrony Financial from $82.00 to $93.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Robert W. Baird increased their price target on Synchrony Financial from $83.00 to $86.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Compass Point raised Synchrony Financial from a “neutral” rating to a “buy” rating and set a $96.00 price objective on the stock in a report on Wednesday, January 28th. BTIG Research cut Synchrony Financial from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. reduced their target price on Synchrony Financial from $84.00 to $73.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $86.32.

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.