Sterling Capital Management LLC Sells 10,322 Shares of Synchrony Financial $SYF

Sterling Capital Management LLC trimmed its position in Synchrony Financial (NYSE:SYF) by 18.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,177 shares of the financial services provider’s stock after selling 10,322 shares during the quarter. Sterling Capital Management LLC’s holdings in Synchrony Financial were worth $3,209,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Pinnacle Wealth Management Advisory Group LLC acquired a new stake in shares of Synchrony Financial during the first quarter worth $269,000. Foster & Motley Inc. grew its stake in shares of Synchrony Financial by 12.2% in the first quarter. Foster & Motley Inc. now owns 65,011 shares of the financial services provider’s stock valued at $4,422,000 after acquiring an additional 7,070 shares in the last quarter. Louisiana State Employees Retirement System bought a new position in Synchrony Financial during the first quarter worth about $1,204,000. Kestra Private Wealth Services LLC increased its position in Synchrony Financial by 3.9% during the first quarter. Kestra Private Wealth Services LLC now owns 26,199 shares of the financial services provider’s stock worth $1,782,000 after acquiring an additional 976 shares during the period. Finally, BTC Capital Management Inc. raised its stake in Synchrony Financial by 1.5% in the 1st quarter. BTC Capital Management Inc. now owns 83,140 shares of the financial services provider’s stock worth $5,655,000 after purchasing an additional 1,233 shares in the last quarter. Institutional investors own 96.48% of the company’s stock.

Insider Activity at Synchrony Financial

In related news, insider Jonathan S. Mothner sold 51,258 shares of the firm’s stock in a transaction 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 sale, the insider owned 132,664 shares of the company’s stock, valued at $9,449,656.72. This trade represents a 27.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Wells Fargo & Company cut their price objective on shares of Synchrony Financial from $100.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Robert W. Baird raised their target price on shares of Synchrony Financial from $83.00 to $86.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Loop Capital assumed coverage on shares of Synchrony Financial in a research report on Friday, May 22nd. They issued a “hold” rating and a $81.00 price target for the company. Truist Financial increased their price target 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 note on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $86.05.

Synchrony Financial Trading Up 0.1%

Shares of Synchrony Financial stock opened at $78.72 on Monday. The firm’s 50 day moving average is $73.61 and its 200 day moving average is $74.42. The firm has a market capitalization of $26.48 billion, a PE ratio of 8.14, a price-to-earnings-growth ratio of 0.69 and a beta of 1.33. Synchrony Financial has a 1 year low of $63.08 and a 1 year high of $88.77. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.08.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $2.27 EPS for the quarter, beating the consensus estimate of $2.14 by $0.13. Synchrony Financial had a net margin of 15.80% and a return on equity of 23.41%. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter in the prior year, the firm earned $1.89 EPS. The firm’s revenue was down 7.4% compared to the same quarter last year. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. Equities research analysts forecast that Synchrony Financial will post 9.34 earnings per share for the current fiscal year.

Synchrony Financial declared that its board has approved a stock repurchase plan on Tuesday, April 21st that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Synchrony Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, May 5th. Synchrony Financial’s dividend payout ratio is presently 12.41%.

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.