Tredje AP fonden Lowers Position in Synchrony Financial $SYF

Tredje AP fonden decreased its holdings in shares of Synchrony Financial (NYSE:SYF) by 14.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,947 shares of the financial services provider’s stock after selling 7,864 shares during the quarter. Tredje AP fonden’s holdings in Synchrony Financial were worth $3,917,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Strategic Investment Advisors MI lifted its position in Synchrony Financial by 43.2% in the third quarter. Strategic Investment Advisors MI now owns 68,841 shares of the financial services provider’s stock valued at $4,890,000 after purchasing an additional 20,778 shares during the last quarter. Bank of America Corp DE raised its holdings 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 valued at $1,018,517,000 after acquiring an additional 739,832 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of Synchrony Financial by 38.2% during the 3rd quarter. Federated Hermes Inc. now owns 720,016 shares of the financial services provider’s stock valued at $51,157,000 after purchasing an additional 198,991 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of Synchrony Financial during the third quarter valued at about $2,108,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Synchrony Financial by 18.4% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,091,960 shares of the financial services provider’s stock worth $77,584,000 after acquiring an additional 169,605 shares in the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada decreased their target price 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. Wall Street Zen downgraded Synchrony Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. BTIG Research lowered Synchrony Financial from a “buy” rating to a “neutral” rating in a report on Wednesday, April 22nd. Truist Financial upped their price target on Synchrony Financial from $71.00 to $82.00 and gave the company a “hold” rating in a report on Thursday, April 23rd. Finally, Compass Point raised Synchrony Financial from a “neutral” rating to a “buy” rating and set a $96.00 price target for the company in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $86.32.

Insider Activity

In other Synchrony Financial news, insider Brian J. Sr. Wenzel sold 47,112 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $67.16, for a total transaction of $3,164,041.92. Following the completion of the sale, the insider directly owned 64,221 shares of the company’s stock, valued at approximately $4,313,082.36. This represents a 42.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Alberto Casellas sold 14,399 shares of Synchrony Financial stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $67.71, for a total transaction of $974,956.29. Following the completion of the transaction, the insider directly owned 50,331 shares in the company, valued at approximately $3,407,912.01. The trade was a 22.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 374,630 shares of company stock worth $25,731,741 over the last ninety days. 0.36% of the stock is currently owned by corporate insiders.

Synchrony Financial Trading Down 2.4%

Shares of Synchrony Financial stock opened at $69.37 on Wednesday. Synchrony Financial has a twelve month low of $55.67 and a twelve month high of $88.77. The firm has a market cap of $23.33 billion, a price-to-earnings ratio of 7.17, a PEG ratio of 0.62 and a beta of 1.37. The business has a 50-day moving average price of $70.81 and a 200-day moving average price of $74.87. 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 (NYSE:SYF) last released its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.13. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.81 billion. Synchrony Financial had a return on equity of 23.41% and a net margin of 15.80%.Synchrony Financial’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.89 EPS. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. Equities research analysts anticipate that Synchrony Financial will post 9.29 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

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

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

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.