FJ Capital Management LLC Reduces Stock Position in Synchrony Financial $SYF

FJ Capital Management LLC lowered its stake in shares of Synchrony Financial (NYSE:SYF) by 70.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,706 shares of the financial services provider’s stock after selling 11,164 shares during the period. FJ Capital Management LLC’s holdings in Synchrony Financial were worth $393,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. State Street Corp lifted its position in shares of Synchrony Financial by 1.0% during the third quarter. State Street Corp now owns 19,080,903 shares of the financial services provider’s stock worth $1,355,698,000 after acquiring an additional 191,920 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Synchrony Financial by 5.4% during the third quarter. Bank of America Corp DE now owns 14,335,213 shares of the financial services provider’s stock worth $1,018,517,000 after acquiring an additional 739,832 shares in the last quarter. Morgan Stanley lifted its position in shares of Synchrony Financial by 7.6% during the fourth quarter. Morgan Stanley now owns 6,230,111 shares of the financial services provider’s stock worth $519,778,000 after acquiring an additional 442,226 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Synchrony Financial by 8.3% during the second quarter. Ameriprise Financial Inc. now owns 5,307,077 shares of the financial services provider’s stock worth $354,194,000 after acquiring an additional 406,796 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Synchrony Financial by 13.0% during the fourth quarter. Nordea Investment Management AB now owns 5,134,903 shares of the financial services provider’s stock worth $431,999,000 after acquiring an additional 592,567 shares in the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on SYF shares. Loop Capital started coverage on Synchrony Financial in a research report on Friday, May 22nd. They issued a “hold” rating and a $81.00 price objective on the stock. Barclays increased their price objective on Synchrony Financial from $82.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Synchrony Financial in a research report on Monday, April 20th. Truist Financial increased their price objective on Synchrony Financial from $71.00 to $82.00 and gave the stock a “hold” rating in a research report on Thursday, April 23rd. Finally, 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 report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Synchrony Financial has an average rating of “Moderate Buy” and a consensus price target of $86.05.

Synchrony Financial Stock Up 1.4%

SYF opened at $73.36 on Friday. The stock has a market cap of $24.68 billion, a PE ratio of 7.59, a P/E/G ratio of 0.64 and a beta of 1.33. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.08. Synchrony Financial has a 52 week low of $59.46 and a 52 week high of $88.77. The business’s fifty day simple moving average is $72.78 and its 200 day simple moving average is $74.60.

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

Synchrony Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th were issued a $0.30 dividend. The ex-dividend date was Tuesday, May 5th. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. Synchrony Financial’s payout ratio is currently 12.41%.

Synchrony Financial declared that its board has approved a stock buyback program on Tuesday, April 21st that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Activity at Synchrony Financial

In other news, insider Jonathan S. Mothner sold 51,258 shares of Synchrony Financial stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $71.23, for a total value of $3,651,107.34. Following the transaction, the insider owned 132,664 shares in the company, valued at approximately $9,449,656.72. The trade was a 27.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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.